Personal care services price inflation, 2023→2024

Personal Care Services Inflation Calculator

Prices for Personal Care Services, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for personal care services are 4.17% higher in 2024 versus 2023 (a $0.83 difference in value).

Between 2023 and 2024: Personal care services experienced an average inflation rate of 4.17% per year. This rate of change indicates significant inflation. In other words, personal care services costing $20 in the year 2023 would cost $20.83 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for personal care services was higher.

In the year 2023: Pricing changed by 4.87%, which is above the average yearly change for personal care services during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for personal care services was higher.

Price Inflation for Personal care services since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (8.50%), 1974 (8.34%), and 1979 (8.17%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Personal care services, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	4.87%
2024	$20.83	4.17%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Personal care services:

Year	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	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	2020	2021	2022	2023	2024
CPI	23.900	24.100	24.480	25.760	27.220	28.340	29.040	30.060	31.060	31.540	32.280	33.060	33.967	34.933	36.580	38.062	40.085	42.246	44.185	45.708	46.815	49.731	53.877	57.654	61.869	66.400	71.346	77.177	83.738	90.254	95.662	99.977	104.385	108.885	112.492	116.185	120.669	126.777	132.785	137.023	139.992	143.969	147.885	151.523	156.554	162.362	166.031	171.392	178.138	184.323	188.385	193.177	197.608	203.869	209.662	216.559	223.669	227.588	229.614	230.800	234.227	238.791	241.999	247.168	252.899	257.370	264.218	271.354	283.174	297.540	313.659	328.923	342.638

Adjust personal care services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Personal care services was 328.923 in the year 2023 and 342.638 in 2024:

342.638 / 328.923 * $20 = $20.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.83 in 2024 (in the CPI category of Personal care services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Personal care services in 1952. In addition to personal care services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.