According to the U.S. Bureau of Labor Statistics, prices for financial services were 83.29% higher in 2018 versus 1997.
Between 1997 and 2018: Financial services experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1997 would cost $916.43 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for financial services was higher.
In the year 1997: Pricing changed by 5.01%, above the average yearly change for financial services during the 1997-2018 time period. Compared to inflation for all items in 1997 (2.33%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: