According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 6.47% higher in 2021 versus 2014 (a $1.29 difference in value).
Between 2014 and 2021: Tenants' and household insurance experienced an average inflation rate of 0.90% per year. In other words, tenants' and household insurance costing $20 in the year 2014 would cost $21.29 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.58% during this same period, inflation for tenants' and household insurance was lower.
In the year 2014: Pricing changed by 4.80%, which is significantly above the average yearly change for tenants' and household insurance during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for tenants' and household insurance was much higher.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|