According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 2.55% higher in 2021 versus 2020 (a $0.51 difference in value).
Between 2020 and 2021: Services less rent of shelter experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2020 would cost $20.51 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.82% during this same period, inflation for services less rent of shelter was lower.
In the year 2020: Pricing changed by 1.70%, which is below the average yearly change for services less rent of shelter during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for services less rent of shelter was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter:
Below are calculations of equivalent buying power for Services less rent of shelter, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|