Funeral expenses price inflation, 1997→2017

Funeral Expenses Inflation Calculator

Prices for Funeral Expenses, 1997-2017 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for funeral expenses were 91.66% higher in 2017 versus 1997 (a $916.64 difference in value).

Between 1997 and 2017: Funeral expenses experienced an average inflation rate of 3.31% per year. This rate of change indicates significant inflation. In other words, funeral expenses costing $1,000 in the year 1997 would cost $1,916.64 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for funeral expenses was higher.

In the year 1997: Pricing changed by 5.39%, which is above the average yearly change for funeral expenses during the 1997-2017 time period. Compared to inflation for all items in 1997 (2.33%), inflation for funeral expenses was much higher.

Price Inflation for Funeral expenses since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1990 (6.26%), 1991 (6.26%), and 1995 (6.02%).

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Buying power of $1,000.00 since 1997

Below are calculations of equivalent buying power for Funeral expenses, over time, for $1,000 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$1,000.00	5.39%
1998	$1,039.12	3.91%
1999	$1,075.30	3.48%
2000	$1,105.73	2.83%
2001	$1,145.35	3.58%
2002	$1,201.50	4.90%
2003	$1,248.73	3.93%
2004	$1,302.93	4.34%
2005	$1,346.95	3.38%
2006	$1,416.05	5.13%
2007	$1,486.76	4.99%
2008	$1,562.14	5.07%
2009	$1,622.85	3.89%
2010	$1,660.09	2.29%
2011	$1,696.95	2.22%
2012	$1,729.30	1.91%
2013	$1,775.64	2.68%
2014	$1,807.75	1.81%
2015	$1,846.49	2.14%
2016	$1,880.43	1.84%
2017	$1,916.64	1.93%
2018	$1,952.81	1.89%
2019	$1,989.18	1.86%
2020	$2,021.00	1.60%
2021	$2,053.25	1.60%
2022	$2,120.13	3.26%
2023	$2,232.80	5.31%
2024	$2,327.44	4.24%
2025	$2,353.30	1.11%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Funeral expenses:

Year	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
CPI	100.000	102.523	106.562	111.331	118.300	125.700	131.492	137.723	144.685	153.392	161.185	169.877	176.523	182.669	187.838	194.569	204.108	212.131	221.338	228.815	240.554	252.567	265.372	275.684	282.011	288.272	293.768	301.641	307.095	313.676	319.442	325.593	331.738	337.915	343.322	348.800	360.161	379.301	395.379	399.771

Adjust funeral expenses prices for inflation

Start with the inflation rate formula:

CPI in 2017 / CPI in 1997 * 1997 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Funeral expenses was 169.877 in the year 1997 and 325.593 in 2017:

325.593 / 169.877 * $1,000 = $1,916.64

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1997 has the same "purchasing power" as $1,916.64 in 2017 (in the CPI category of Funeral expenses).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Funeral expenses in 1986. In addition to funeral expenses, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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