Services price inflation, 2014→2019

Services Inflation Calculator

Prices for Services, 2014-2019 ($150)

According to the U.S. Bureau of Labor Statistics, prices for services were 14.02% higher in 2019 versus 2014 (a $21.03 difference in value).

Between 2014 and 2019: Services experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, services costing $150 in the year 2014 would cost $171.03 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation for services was higher.

In the year 2014: Pricing changed by 2.59%, which is below the average yearly change for services during the 2014-2019 time period. Compared to inflation for all items in 2014 (1.62%), inflation for services was higher.

Price Inflation for Services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (15.40%), 1981 (13.12%), and 1979 (11.04%).

View price changes for other categories
Alcoholic beverages · Hospital services · Educational books and supplies · Minneapolis-St Paul, Minnesota · More

Buying power of $150.00 since 2014

Below are calculations of equivalent buying power for Services, over time, for $150 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2014	$150.00	2.59%
2015	$153.45	2.30%
2016	$157.80	2.83%
2017	$162.08	2.71%
2018	$166.56	2.77%
2019	$171.03	2.68%
2020	$174.65	2.11%
2021	$179.62	2.85%
2022	$190.75	6.20%
2023	$202.28	6.04%
2024	$212.15	4.88%
2025	$219.76	3.59%
2026	$221.78	0.92%*

* 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:

Year	1935	1936	1937	1938	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	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	2025	2026
CPI	11.800	11.883	12.242	12.500	12.500	12.533	12.675	13.125	13.375	13.675	13.858	14.117	14.667	15.600	16.350	16.850	17.725	18.567	19.342	19.983	20.383	20.942	21.800	22.625	23.300	24.042	24.558	25.017	25.500	25.975	26.592	27.583	28.808	30.300	32.408	35.058	36.992	38.433	40.058	43.817	48.017	51.967	55.983	60.767	67.475	77.867	88.083	96.050	99.367	104.592	109.917	115.392	120.175	125.658	131.858	139.167	146.317	152.033	157.850	163.092	168.650	174.108	179.408	184.200	188.817	195.300	203.425	209.808	216.492	222.792	230.100	238.867	246.848	255.498	259.154	261.274	265.762	271.374	277.929	285.126	291.683	299.947	308.085	316.607	325.106	331.980	341.428	362.587	384.494	403.262	417.720	421.567

Adjust services prices for inflation

Start with the inflation rate formula:

CPI in 2019 / CPI in 2014 * 2014 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Services was 285.126 in the year 2014 and 325.106 in 2019:

325.106 / 285.126 * $150 = $171.03

Therefore, according to U.S. Bureau of Labor Statistics, $150 in 2014 has the same "purchasing power" as $171.03 in 2019 (in the CPI category of Services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services in 1935. In addition to services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.