According to the U.S. Bureau of Labor Statistics, prices for services less energy services were 19.86% higher in 2020 versus 2013 (a $3.97 difference in value).
Between 2013 and 2020: Services less energy services experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 2013 would cost $23.97 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for services less energy services was higher.
In the year 2013: Pricing changed by 2.40%, which is below the average yearly change for services less energy services during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), inflation for services less energy services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less energy services:
Below are calculations of equivalent buying power for Services less energy services, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|