Services less rent of shelter priced at $20 in 1996 $38.07 in 2020

Services Less Rent Of Shelter Inflation Calculator

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Prices for Services Less Rent Of Shelter, 1996-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 90.33% higher in 2020 versus 1996 (a $18.07 difference in value).

Between 1996 and 2020: Services less rent of shelter experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1996 would cost $38.07 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for services less rent of shelter was higher.

In the year 1996: Pricing changed by 3.26%, which is above the average yearly change for services less rent of shelter during the 1996-2020 time period. Compared to inflation for all items in 1996 (2.93%), inflation for services less rent of shelter was higher.

Price Inflation for Services less rent of shelter since 1985

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1991 (5.72%), 1990 (5.63%), and 1989 (5.30%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter:

Year 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
CPI 113.533 118.683 123.075 128.333 135.133 142.742 150.908 157.558 164.833 170.667 176.758 182.517 188.075 191.767 195.833 202.942 212.283 217.517 226.425 233.533 243.183 253.333 260.765 272.991 278.073 284.386 290.571 296.573 304.063 311.200 315.793 322.770 329.296 336.369 342.772 347.376

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Buying power of $20 since 1996

Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1996 $20.00 3.26%
1997 $20.61 3.05%
1998 $21.01 1.96%
1999 $21.46 2.12%
2000 $22.24 3.63%
2001 $23.26 4.60%
2002 $23.84 2.47%
2003 $24.81 4.10%
2004 $25.59 3.14%
2005 $26.65 4.13%
2006 $27.76 4.17%
2007 $28.57 2.93%
2008 $29.91 4.69%
2009 $30.47 1.86%
2010 $31.16 2.27%
2011 $31.84 2.17%
2012 $32.50 2.07%
2013 $33.32 2.53%
2014 $34.10 2.35%
2015 $34.60 1.48%
2016 $35.37 2.21%
2017 $36.08 2.02%
2018 $36.86 2.15%
2019 $37.56 1.90%
2020 $38.07 1.34%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for services less rent of shelter, 1996-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1996 * 1996 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Services less rent of shelter was 182.517 in the year 1996 and 347.376 in 2020:

347.376 / 182.517 * $20 = $38.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $38.07 in 2020 (in the CPI category of Services less rent of shelter).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less rent of shelter in 1985. In addition to services less rent of shelter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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