According to the U.S. Bureau of Labor Statistics, prices for rent of shelter are 120.43% higher in 2024 versus 1998 (a $24.09 difference in value).
Between 1998 and 2024: Rent of shelter experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, rent of shelter costing $20 in the year 1998 would cost $44.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for rent of shelter was higher.
In the year 1998: Pricing changed by 3.36%, which is above the average yearly change for rent of shelter during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for rent of shelter was higher.
Below are calculations of equivalent buying power for Rent of shelter, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 3.36% |
| 1999 | $20.57 | 2.84% |
| 2000 | $21.24 | 3.26% |
| 2001 | $22.03 | 3.75% |
| 2002 | $22.86 | 3.76% |
| 2003 | $23.41 | 2.38% |
| 2004 | $24.04 | 2.72% |
| 2005 | $24.66 | 2.56% |
| 2006 | $25.52 | 3.49% |
| 2007 | $26.46 | 3.69% |
| 2008 | $27.13 | 2.53% |
| 2009 | $27.42 | 1.08% |
| 2010 | $27.31 | -0.42% |
| 2011 | $27.66 | 1.31% |
| 2012 | $28.26 | 2.15% |
| 2013 | $28.91 | 2.31% |
| 2014 | $29.73 | 2.81% |
| 2015 | $30.64 | 3.06% |
| 2016 | $31.68 | 3.41% |
| 2017 | $32.74 | 3.35% |
| 2018 | $33.83 | 3.33% |
| 2019 | $34.99 | 3.41% |
| 2020 | $35.86 | 2.50% |
| 2021 | $36.83 | 2.70% |
| 2022 | $39.02 | 5.95% |
| 2023 | $41.95 | 7.52% |
| 2024 | $44.09 | 5.09%* |
* 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 Rent of shelter:
| 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 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 102.654 | 107.738 | 113.900 | 120.231 | 125.900 | 131.977 | 138.000 | 145.531 | 152.131 | 157.292 | 162.015 | 167.023 | 172.400 | 177.977 | 183.408 | 189.569 | 194.962 | 201.308 | 208.854 | 216.715 | 221.869 | 227.900 | 233.738 | 241.892 | 250.813 | 257.152 | 259.924 | 258.823 | 262.208 | 267.848 | 274.046 | 281.754 | 290.384 | 300.281 | 310.336 | 320.676 | 331.605 | 339.881 | 349.054 | 369.807 | 397.612 | 417.869 |