According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 49.88% higher in 2018 versus 1998.
Between 1998 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 1998 would cost $29.98 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for tenants' and household insurance was lower.
In the year 1998: Pricing changed by -0.24%, below the average yearly change for tenants' and household insurance during the 1998-2018 time period. Compared to inflation for all items in 1998 (1.55%), price inflation for tenants' and household insurance was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance: