According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 37.55% higher in 2018 versus 2002.
Between 2002 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2002 would cost $27.51 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.07% during this same period, inflation for tenants' and household insurance was lower.
In the year 2002: Pricing changed by 2.33%, above the average yearly change for tenants' and household insurance during the 2002-2018 time period. Compared to inflation for all items in 2002 (1.59%), price inflation for tenants' and household insurance was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance: