According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter are 21.08% higher in 2021 versus 2012 (a $4.22 difference in value).
Between 2012 and 2021: Services less rent of shelter experienced an average inflation rate of 2.15% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2012 would cost $24.22 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for services less rent of shelter was higher.
In the year 2012: Pricing changed by 2.07%, which is below the average yearly change for services less rent of shelter during the 2012-2021 time period. Compared to inflation for all items in 2012 (2.07%), inflation for services less rent of shelter was lower.
Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter: