According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance are 18.37% higher in 2021 versus 2011 (a $3.67 difference in value).
Between 2011 and 2021: Tenants' and household insurance experienced an average inflation rate of 1.70% per year. In other words, tenants' and household insurance costing $20 in the year 2011 would cost $23.67 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.82% during this same period, inflation for tenants' and household insurance was lower.
In the year 2011: Pricing changed by 1.35%, which is below the average yearly change for tenants' and household insurance during the 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for tenants' and household insurance was lower.
Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance: