According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 77.63% higher in 2018 versus 1997.
Between 1997 and 2018: Services less rent of shelter experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1997 would cost $35.53 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for services less rent of shelter was similar.
In the year 1997: Pricing changed by 3.05%, above the average yearly change for services less rent of shelter during the 1997-2018 time period. Compared to inflation for all items in 1997 (2.33%), 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: