According to the U.S. Bureau of Labor Statistics, prices for financial services were 132.89% higher in 2018 versus 1993.
Between 1993 and 2018: Financial services experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1993 would cost $1,164.47 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.21% during this same period, inflation for financial services was similar.
In the year 1993: Pricing changed by 5.77%, above the average yearly change for financial services during the 1993-2018 time period. Compared to inflation for all items in 1993 (2.95%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: