According to the U.S. Bureau of Labor Statistics, prices for services less rent of shelter were 7.36% higher in 2018 versus 2014.
Between 2014 and 2018: Services less rent of shelter experienced an average inflation rate of 1.79% per year. In other words, services less rent of shelter costing $20 in the year 2014 would cost $21.47 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.30% during this same period, inflation for services less rent of shelter was similar.
In the year 2014: Pricing changed by 2.35%, above the average yearly change for services less rent of shelter during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), 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: