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:
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|