According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 21.50% higher in 2018 versus 2009.
Between 2009 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.19% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2009 would cost $24.30 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 2009: Pricing changed by 1.66%, below the average yearly change for owners' equivalent rent of residences during the 2009-2018 time period. Compared to inflation for all items in 2009 (-0.36%), 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: