According to the U.S. Bureau of Labor Statistics, prices for financial services were 245.42% higher in 2018 versus 1987.
Between 1987 and 2018: Financial services experienced an average inflation rate of 4.08% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1987 would cost $1,727.12 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for financial services was higher.
In the year 1987: Pricing changed by 1.73%, below the average yearly change for financial services during the 1987-2018 time period. Compared to inflation for all items in 1987 (3.66%), price inflation for financial services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: