According to the U.S. Bureau of Labor Statistics, prices for financial services were 5.66% higher in 2018 versus 2016.
Between 2016 and 2018: Financial services experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2016 would cost $528.29 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation for financial services was similar.
In the year 2016: Pricing changed by 3.86%, above the average yearly change for financial services during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), price inflation for financial services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services: