According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 2.23% higher in 2021 versus 2016 (a $0.45 difference in value).
Between 2016 and 2021: Tenants' and household insurance experienced an average inflation rate of 0.44% per year. In other words, tenants' and household insurance costing $20 in the year 2016 would cost $20.45 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.93% during this same period, inflation for tenants' and household insurance was lower.
In the year 2016: Pricing changed by 0.91%, which is above the average yearly change for tenants' and household insurance during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|