According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 12.22% higher in 2018 versus 2014.
Between 2014 and 2018: Owners' equivalent rent of residences experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2014 would cost $22.44 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.30% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 2014: Pricing changed by 2.64%, below the average yearly change for owners' equivalent rent of residences during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), 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: