According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 94.24% higher in 2018 versus 1993.
Between 1993 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.69% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1993 would cost $38.85 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.21% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1993: Pricing changed by 3.21%, above the average yearly change for owners' equivalent rent of residences during the 1993-2018 time period. Compared to inflation for all items in 1993 (2.95%), price inflation for owners' equivalent rent of residences was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: