According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 47.55% higher in 2018 versus 2003.
Between 2003 and 2018: Services less rent of shelter experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2003 would cost $29.51 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for services less rent of shelter was similar.
In the year 2003: Pricing changed by 4.09%, above the average yearly change for services less rent of shelter during the 2003-2018 time period. Compared to inflation for all items in 2003 (2.27%), 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: