According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter are 8.65% higher in 2024 versus 2022 (a $1.73 difference in value).
Between 2022 and 2024: Services less rent of shelter experienced an average inflation rate of 4.24% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2022 would cost $21.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for services less rent of shelter was higher.
In the year 2022: Pricing changed by 6.49%, which is above the average yearly change for services less rent of shelter during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), 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 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 6.49% |
| 2023 | $20.86 | 4.29% |
| 2024 | $21.73 | 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 |