According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 88.07% higher in 2018 versus 1994.
Between 1994 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1994 would cost $37.61 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1994: Pricing changed by 3.28%, above the average yearly change for owners' equivalent rent of residences during the 1994-2018 time period. Compared to inflation for all items in 1994 (2.60%), 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: