According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 208.23% higher in 2018 versus 1984.
Between 1984 and 2018: Services less rent of shelter experienced an average inflation rate of 3.37% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1984 would cost $61.65 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for services less rent of shelter was higher.
In the year 1984: Pricing changed by 5.48%, above the average yearly change for services less rent of shelter during the 1984-2018 time period. Compared to inflation for all items in 1984 (4.30%), price inflation for services less rent of shelter was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter: