According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 53.59% higher in 2018 versus 2002.
Between 2002 and 2018: Services less rent of shelter experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2002 would cost $30.72 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for services less rent of shelter was similar.
In the year 2002: Pricing changed by 2.46%, below the average yearly change for services less rent of shelter during the 2002-2018 time period. Compared to inflation for all items in 2002 (1.59%), 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: