According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter are 250.04% higher in 2024 versus 1986 (a $50.01 difference in value).
Between 1986 and 2024: Services less rent of shelter experienced an average inflation rate of 3.35% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1986 would cost $70.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for services less rent of shelter was higher.
In the year 1986: Pricing changed by 4.55%, which is above the average yearly change for services less rent of shelter during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation for services less rent of shelter was higher.
Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1986 | $20.00 | 4.55% |
1987 | $20.74 | 3.68% |
1988 | $21.62 | 4.28% |
1989 | $22.77 | 5.30% |
1990 | $24.05 | 5.64% |
1991 | $25.43 | 5.73% |
1992 | $26.55 | 4.39% |
1993 | $27.77 | 4.61% |
1994 | $28.76 | 3.55% |
1995 | $29.79 | 3.57% |
1996 | $30.75 | 3.25% |
1997 | $31.69 | 3.05% |
1998 | $32.31 | 1.96% |
1999 | $33.00 | 2.13% |
2000 | $34.19 | 3.62% |
2001 | $35.77 | 4.61% |
2002 | $36.65 | 2.46% |
2003 | $38.15 | 4.09% |
2004 | $39.35 | 3.15% |
2005 | $40.98 | 4.13% |
2006 | $42.69 | 4.17% |
2007 | $43.94 | 2.94% |
2008 | $46.00 | 4.69% |
2009 | $46.85 | 1.86% |
2010 | $47.92 | 2.27% |
2011 | $48.96 | 2.18% |
2012 | $49.97 | 2.07% |
2013 | $51.23 | 2.53% |
2014 | $52.44 | 2.35% |
2015 | $53.21 | 1.48% |
2016 | $54.39 | 2.21% |
2017 | $55.49 | 2.02% |
2018 | $56.68 | 2.15% |
2019 | $57.76 | 1.90% |
2020 | $58.74 | 1.70% |
2021 | $60.51 | 3.01% |
2022 | $64.43 | 6.49% |
2023 | $67.20 | 4.29% |
2024 | $70.01 | 4.18%* |
* 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 Services less 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 | 102.862 | 108.500 | 113.531 | 118.692 | 123.062 | 128.323 | 135.123 | 142.738 | 150.923 | 157.554 | 164.823 | 170.669 | 176.769 | 182.515 | 188.077 | 191.754 | 195.838 | 202.931 | 212.292 | 217.523 | 226.415 | 233.538 | 243.185 | 253.323 | 260.764 | 273.000 | 278.064 | 284.368 | 290.554 | 296.561 | 304.050 | 311.188 | 315.790 | 322.763 | 329.294 | 336.370 | 342.777 | 348.587 | 359.079 | 382.396 | 398.804 | 415.473 |