According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 147.50% higher in 2018 versus 1989.
Between 1989 and 2018: Services less rent of shelter experienced an average inflation rate of 3.17% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1989 would cost $49.50 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for services less rent of shelter was higher.
In the year 1989: Pricing changed by 5.30%, above the average yearly change for services less rent of shelter during the 1989-2018 time period. Compared to inflation for all items in 1989 (4.83%), 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: