Owners' equivalent rent of primary residence price history from 2000 through 2018

Historical Price Inflation for Owners' equivalent rent of primary residence

Amount

Start year

End year

See price inflation for:

Prices for Owners' Equivalent Rent Of Primary Residence, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence were 58.43% higher in 2018 versus 2000 (a $11.69 difference in value).

Between 2000 and 2018: Owners' equivalent rent of primary residence experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 2000 would cost $31.69 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for owners' equivalent rent of primary residence was higher.

In the year 2000: Pricing changed by 2.97%, which is above the average yearly change for owners' equivalent rent of primary residence during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for owners' equivalent rent of primary residence was lower.

Price Inflation for Owners' equivalent rent of primary residence since 1983

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1986 (5.51%), 1985 (5.44%), and 1990 (5.40%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of primary residence:

Year	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
CPI	102.500	107.308	113.150	119.383	124.825	131.125	137.383	144.808	150.425	155.517	160.525	165.783	171.325	176.767	181.908	187.800	192.933	198.667	206.292	214.692	219.933	224.933	230.142	238.175	246.235	252.428	256.609	256.575	259.551	264.812	270.656	277.803	285.884	295.325	305.089	314.744

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	2.97%
2001	$20.77	3.84%
2002	$21.61	4.07%
2003	$22.14	2.44%
2004	$22.64	2.27%
2005	$23.17	2.32%
2006	$23.98	3.49%
2007	$24.79	3.38%
2008	$25.41	2.52%
2009	$25.83	1.66%
2010	$25.83	-0.01%
2011	$26.13	1.16%
2012	$26.66	2.03%
2013	$27.25	2.21%
2014	$27.97	2.64%
2015	$28.78	2.91%
2016	$29.73	3.30%
2017	$30.71	3.31%
2018	$31.69	3.16%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for owners' equivalent rent of primary residence, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of primary residence was 198.667 in the year 2000 and 314.744 in 2018:

314.744 / 198.667 * $20 = $31.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.69 in 2018 (in the CPI category of Owners' equivalent rent of primary residence).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Owners' equivalent rent of primary residence in 1983. In addition to owners' equivalent rent of primary residence, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.