According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 38.62% higher in 2018 versus 2004.
Between 2004 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2004 would cost $27.72 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.00% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 2004: Pricing changed by 2.27%, below the average yearly change for owners' equivalent rent of residences during the 2004-2018 time period. Compared to inflation for all items in 2004 (2.68%), price inflation for owners' equivalent rent of residences was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: