According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 22.38% higher in 2018 versus 2008.
Between 2008 and 2018: Services less rent of shelter experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, services less rent of shelter costing $20 in the year 2008 would cost $24.48 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for services less rent of shelter was similar.
In the year 2008: Pricing changed by 4.69%, above the average yearly change for services less rent of shelter during the 2008-2018 time period. Compared to inflation for all items in 2008 (3.84%), 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: