According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 9.17% higher in 2020 versus 2017 (a $1.83 difference in value).
Between 2017 and 2020: Owners' equivalent rent of residences experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2017 would cost $21.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for owners' equivalent rent of residences was higher.
In the year 2017: Pricing changed by 3.30%, which is above the average yearly change for owners' equivalent rent of residences during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for owners' equivalent rent of residences was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences:
Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|