According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 1.62% higher in 2021 versus 2017 (a $0.32 difference in value).
Between 2017 and 2021: Tenants' and household insurance experienced an average inflation rate of 0.40% per year. In other words, tenants' and household insurance costing $20 in the year 2017 would cost $20.32 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.79% during this same period, inflation for tenants' and household insurance was lower.
In the year 2017: Pricing changed by 0.71%, which is above the average yearly change for tenants' and household insurance during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), 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:
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
CPI | 100.000 | 99.762 | 101.338 | 103.669 | 106.231 | 108.708 | 114.800 | 116.215 | 117.562 | 116.485 | 117.004 | 118.843 | 121.487 | 125.682 | 127.379 | 131.271 | 135.372 | 141.867 | 146.409 | 147.747 | 148.799 | 150.734 | 151.763 | 151.075 | 151.206 |
Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2017 | $20.00 | 0.71% |
2018 | $20.26 | 1.30% |
2019 | $20.40 | 0.68% |
2020 | $20.31 | -0.45% |
2021 | $20.32 | 0.09%* |