According to the U.S. Bureau of Labor Statistics, prices for financial services were 40.88% higher in 2018 versus 2004.
Between 2004 and 2018: Financial services experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2004 would cost $704.38 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.00% during this same period, inflation for financial services was similar.
In the year 2004: Pricing changed by 3.28%, above the average yearly change for financial services during the 2004-2018 time period. Compared to inflation for all items in 2004 (2.68%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: