According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence were 28.66% higher in 2019 versus 2008 (a $5.73 difference in value).
Between 2008 and 2019: Owners' equivalent rent of primary residence experienced an average inflation rate of 2.32% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 2008 would cost $25.73 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.56% during this same period, inflation for owners' equivalent rent of primary residence was higher.
In the year 2008: Pricing changed by 2.51%, which is above the average yearly change for owners' equivalent rent of primary residence during the 2008-2019 time period. Compared to inflation for all items in 2008 (3.84%), inflation for owners' equivalent rent of primary residence was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of primary residence:
Year | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
CPI | 100.000 | 102.492 | 107.308 | 113.162 | 119.385 | 124.823 | 131.123 | 137.400 | 144.800 | 150.423 | 155.523 | 160.515 | 165.785 | 171.331 | 176.777 | 181.892 | 187.800 | 192.923 | 198.662 | 206.285 | 214.700 | 219.923 | 224.923 | 230.154 | 238.177 | 246.235 | 252.426 | 256.610 | 256.578 | 259.553 | 264.813 | 270.661 | 277.808 | 285.889 | 295.329 | 305.092 | 315.162 | 324.768 |
Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2008 | $20.00 | 2.51% |
2009 | $20.33 | 1.66% |
2010 | $20.33 | -0.01% |
2011 | $20.56 | 1.16% |
2012 | $20.98 | 2.03% |
2013 | $21.44 | 2.21% |
2014 | $22.01 | 2.64% |
2015 | $22.65 | 2.91% |
2016 | $23.40 | 3.30% |
2017 | $24.17 | 3.31% |
2018 | $24.97 | 3.30% |
2019 | $25.73 | 3.05%* |