Tenants' and household insurance priced at $20 in 1998 $30.16 in 2022

Tenants' And Household Insurance Inflation Calculator

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Prices for Tenants' And Household Insurance, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance are 50.80% higher in 2022 versus 1998 (a $10.16 difference in value).

Between 1998 and 2022: Tenants' and household insurance experienced an average inflation rate of 1.73% per year. In other words, tenants' and household insurance costing $20 in the year 1998 would cost $30.16 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for tenants' and household insurance was lower.

In the year 1998: Pricing changed by -0.24%, which is below the average yearly change for tenants' and household insurance during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for tenants' and household insurance was lower.

Price Inflation for Tenants' and household insurance since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2003 (5.60%), 2014 (4.80%), and 2010 (3.45%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.00-0.24%
1999$20.321.58%
2000$20.782.30%
2001$21.302.47%
2002$21.792.33%
2003$23.015.60%
2004$23.301.23%
2005$23.571.16%
2006$23.35-0.92%
2007$23.460.45%
2008$23.831.57%
2009$24.362.22%
2010$25.203.45%
2011$25.541.35%
2012$26.323.06%
2013$27.143.12%
2014$28.444.80%
2015$29.353.20%
2016$29.620.91%
2017$29.830.71%
2018$30.221.30%
2019$30.430.68%
2020$30.29-0.45%
2021$30.21-0.25%
2022$30.16-0.17%*

* 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 Tenants' and household insurance:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00099.762101.338103.669106.231108.708114.800116.215117.562116.485117.004118.843121.487125.682127.379131.271135.372141.867146.409147.747148.799150.734151.763151.075150.694150.441

Adjust tenants' and household insurance prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tenants' and household insurance was 99.762 in the year 1998 and 150.441 in 2022:

150.441 / 99.762 * $20 = $30.16

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $30.16 in 2022 (in the CPI category of Tenants' and household insurance).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tenants' and household insurance in 1997. In addition to tenants' and household insurance, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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