According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 70.59% higher in 2018 versus 1999.
Between 1999 and 2018: Services less rent of shelter experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 1999 would cost $34.12 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 similar.
In the year 1999: Pricing changed by 2.13%, below the average yearly change for services less rent of shelter during the 1999-2018 time period. Compared to inflation for all items in 1999 (2.19%), price inflation for services less rent of shelter was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less rent of shelter: