Tenants' and household insurance priced at $20 in 2008 $25.12 in 2018

Historical Price Inflation for Tenants' and household insurance

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Prices for Tenants' And Household Insurance, 2008-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance were 25.59% higher in 2018 versus 2008.

Between 2008 and 2018: Tenants' and household insurance experienced an average inflation rate of 2.30% per year. This rate of change indicates significant inflation. In other words, tenants' and household insurance costing $20 in the year 2008 would cost $25.12 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for tenants' and household insurance was similar.

In the year 2008: Pricing changed by 1.57%, below the average yearly change for tenants' and household insurance during the 2008-2018 time period. Compared to inflation for all items in 2008 (3.84%), price inflation for tenants' and household insurance was lower.

Price Inflation for Tenants' and household insurance since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2003 (5.60%), 2014 (4.80%), and 2010 (3.45%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tenants' and household insurance:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 99.762 101.338 103.669 106.231 108.708 114.800 116.215 117.562 116.485 117.004 118.843 121.487 125.682 127.379 131.271 135.372 141.867 146.409 147.747 148.799 149.253

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How to calculate the inflation rate for tenants' and household insurance, 2008-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2008 * 2008 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Tenants' and household insurance was 118.843 in the year 2008 and 149.253 in 2018:

149.253 / 118.843 * $20 = $25.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $25.12 in 2018 (in the category of Tenants' and household insurance).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tenants' and household insurance in 1997. In addition to tenants' and household insurance, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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