According to the U.S. Bureau of Labor Statistics, prices for financial services were 114.53% higher in 2018 versus 1994.
Between 1994 and 2018: Financial services experienced an average inflation rate of 3.23% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1994 would cost $1,072.66 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for financial services was similar.
In the year 1994: Pricing changed by 8.56%, significantly above the average yearly change for financial services during the 1994-2018 time period. Compared to inflation for all items in 1994 (2.60%), price inflation for financial services was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: