According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 0.15% higher in 2020 versus 2018 (a $0.03 difference in value).
Between 2018 and 2020: Tenants' and household insurance experienced an average inflation rate of 0.08% per year. In other words, tenants' and household insurance costing $20 in the year 2018 would cost $20.03 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for tenants' and household insurance was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance:
Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|