Tenants' and household insurance price inflation, 1997→2024

Tenants' And Household Insurance Inflation Calculator

Prices for Tenants' And Household Insurance, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tenants' and household insurance are 58.10% higher in 2024 versus 1997 (a $11.62 difference in value).

Between 1997 and 2024: Tenants' and household insurance experienced an average inflation rate of 1.71% per year. In other words, tenants' and household insurance costing $20 in the year 1997 would cost $31.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, 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%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Tenants' and household insurance, over time, for $20 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	$20.00	-
1998	$19.95	-0.24%
1999	$20.27	1.58%
2000	$20.73	2.30%
2001	$21.25	2.47%
2002	$21.74	2.33%
2003	$22.96	5.60%
2004	$23.24	1.23%
2005	$23.51	1.16%
2006	$23.30	-0.92%
2007	$23.40	0.45%
2008	$23.77	1.57%
2009	$24.30	2.22%
2010	$25.14	3.45%
2011	$25.48	1.35%
2012	$26.25	3.06%
2013	$27.07	3.12%
2014	$28.37	4.80%
2015	$29.28	3.20%
2016	$29.55	0.91%
2017	$29.76	0.71%
2018	$30.15	1.30%
2019	$30.35	0.68%
2020	$30.22	-0.45%
2021	$30.14	-0.25%
2022	$30.11	-0.10%
2023	$30.65	1.81%
2024	$31.62	3.16%*

* 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 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	2019	2020	2021	2022	2023	2024
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	150.734	151.763	151.075	150.694	150.539	153.264	158.105

Adjust tenants' and household insurance prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Tenants' and household insurance was 100.000 in the year 1997 and 158.105 in 2024:

158.105 / 100.000 * $20 = $31.62

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $31.62 in 2024 (in the CPI 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 goods and services.