Tenants' and household insurance priced at $20 in 2018 $20.09 in 2023

Tenants' And Household Insurance Inflation Calculator


Prices for Tenants' And Household Insurance, 2018-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance are 0.45% higher in 2023 versus 2018 (a $0.09 difference in value).

Between 2018 and 2023: Tenants' and household insurance experienced an average inflation rate of 0.09% per year. In other words, tenants' and household insurance costing $20 in the year 2018 would cost $20.09 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.71% during this same period, inflation for tenants' and household insurance was significantly lower.

In the year 2018: Pricing changed by 1.30%, which is above the average yearly change for tenants' and household insurance during the 2018-2023 time period. Compared to inflation for all items in 2018 (2.44%), inflation for tenants' and household insurance was lower.

Price Inflation for Tenants' and household insurance since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2003 (5.60%), 2014 (4.80%), and 2010 (3.45%).

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Buying power of $20.00 since 2018

Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance:


Adjust tenants' and household insurance prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2018 * 2018 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Tenants' and household insurance was 150.734 in the year 2018 and 151.415 in 2023:

151.415 / 150.734 * $20 = $20.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.09 in 2023 (in the CPI category of Tenants' and household insurance).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tenants' and household insurance in 1997. In addition to tenants' and household insurance, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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