According to the U.S. Bureau of Labor Statistics, prices for financial services were 70.26% higher in 2018 versus 1999.
Between 1999 and 2018: Financial services experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 1999 would cost $851.30 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.15% during this same period, inflation for financial services was higher.
In the year 1999: Pricing changed by 3.72%, above the average yearly change for financial services during the 1999-2018 time period. Compared to inflation for all items in 1999 (2.19%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: