According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance are 4.65% higher in 2024 versus 2020 (a $0.93 difference in value).
Between 2020 and 2024: Tenants' and household insurance experienced an average inflation rate of 1.14% per year. In other words, tenants' and household insurance costing $20 in the year 2020 would cost $20.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for tenants' and household insurance was significantly lower.
In the year 2020: Pricing changed by -0.45%, which is below the average yearly change for tenants' and household insurance during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for tenants' and household insurance was lower.
Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -0.45% |
| 2021 | $19.95 | -0.25% |
| 2022 | $19.93 | -0.10% |
| 2023 | $20.29 | 1.81% |
| 2024 | $20.93 | 3.16%* |
* 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:
| 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 | 2022 | 2023 | 2024 |
| 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 | 150.694 | 150.539 | 153.264 | 158.105 |