Rent of shelter price inflation, 2017→2024

Rent Of Shelter Inflation Calculator

Prices for Rent Of Shelter, 2017-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rent of shelter are 34.65% higher in 2024 versus 2017 (a $6.93 difference in value).

Between 2017 and 2024: Rent of shelter experienced an average inflation rate of 4.34% per year. This rate of change indicates significant inflation. In other words, rent of shelter costing $20 in the year 2017 would cost $26.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for rent of shelter was higher.

In the year 2017: Pricing changed by 3.35%, which is below the average yearly change for rent of shelter during the 2017-2024 time period. Compared to inflation for all items in 2017 (2.13%), inflation for rent of shelter was higher.

Price Inflation for Rent of shelter since 1982

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

Years with the largest changes in pricing: 2023 (7.52%), 2022 (5.95%), and 1985 (5.72%).

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Buying power of $20.00 since 2017

Below are calculations of equivalent buying power for Rent of shelter, 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
2017	$20.00	3.35%
2018	$20.67	3.33%
2019	$21.37	3.41%
2020	$21.90	2.50%
2021	$22.50	2.70%
2022	$23.83	5.95%
2023	$25.62	7.52%
2024	$26.93	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

Adjust rent of shelter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2017 * 2017 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Rent of shelter was 310.336 in the year 2017 and 417.869 in 2024:

417.869 / 310.336 * $20 = $26.93

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2017 has the same "purchasing power" as $26.93 in 2024 (in the CPI category of Rent of shelter).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rent of shelter in 1982. In addition to rent of shelter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.