According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter are 223.77% higher in 2024 versus 1988 (a $44.75 difference in value).
Between 1988 and 2024: Services less rent of shelter experienced an average inflation rate of 3.32% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1988 would cost $64.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for services less rent of shelter was higher.
In the year 1988: Pricing changed by 4.28%, which is above the average yearly change for services less rent of shelter during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), 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 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $20.00 | 4.28% |
| 1989 | $21.06 | 5.30% |
| 1990 | $22.25 | 5.64% |
| 1991 | $23.52 | 5.73% |
| 1992 | $24.56 | 4.39% |
| 1993 | $25.69 | 4.61% |
| 1994 | $26.60 | 3.55% |
| 1995 | $27.55 | 3.57% |
| 1996 | $28.45 | 3.25% |
| 1997 | $29.31 | 3.05% |
| 1998 | $29.89 | 1.96% |
| 1999 | $30.52 | 2.13% |
| 2000 | $31.63 | 3.62% |
| 2001 | $33.09 | 4.61% |
| 2002 | $33.90 | 2.46% |
| 2003 | $35.29 | 4.09% |
| 2004 | $36.40 | 3.15% |
| 2005 | $37.90 | 4.13% |
| 2006 | $39.48 | 4.17% |
| 2007 | $40.64 | 2.94% |
| 2008 | $42.55 | 4.69% |
| 2009 | $43.34 | 1.86% |
| 2010 | $44.32 | 2.27% |
| 2011 | $45.28 | 2.18% |
| 2012 | $46.22 | 2.07% |
| 2013 | $47.39 | 2.53% |
| 2014 | $48.50 | 2.35% |
| 2015 | $49.22 | 1.48% |
| 2016 | $50.30 | 2.21% |
| 2017 | $51.32 | 2.02% |
| 2018 | $52.43 | 2.15% |
| 2019 | $53.42 | 1.90% |
| 2020 | $54.33 | 1.70% |
| 2021 | $55.96 | 3.01% |
| 2022 | $59.60 | 6.49% |
| 2023 | $62.16 | 4.29% |
| 2024 | $64.75 | 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 |