According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence were 1.23% higher in 2021 versus 2020 (a $0.25 difference in value).
Between 2020 and 2021: Owners' equivalent rent of primary residence experienced an average inflation rate of 1.23% per year. In other words, owners' equivalent rent of primary residence costing $20 in the year 2020 would cost $20.25 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for owners' equivalent rent of primary residence was lower.
In the year 2020: Pricing changed by 2.81%, which is above the average yearly change for owners' equivalent rent of primary residence during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for owners' equivalent rent of primary residence was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of primary residence:
Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|