According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence are 36.81% higher in 2022 versus 2011 (a $7.36 difference in value).
Between 2011 and 2022: Owners' equivalent rent of primary residence experienced an average inflation rate of 2.89% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 2011 would cost $27.36 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for owners' equivalent rent of primary residence was higher.
In the year 2011: Pricing changed by 1.16%, which is below the average yearly change for owners' equivalent rent of primary residence during the 2011-2022 time period. Compared to inflation for all items in 2011 (3.16%), inflation for owners' equivalent rent of primary residence was lower.
Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of primary residence: