According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 83.24% higher in 2018 versus 1996.
Between 1996 and 2018: Services less rent of shelter experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1996 would cost $36.65 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for services less rent of shelter was higher.
In the year 1996: Pricing changed by 3.25%, above the average yearly change for services less rent of shelter during the 1996-2018 time period. Compared to inflation for all items in 1996 (2.93%), 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: