Domestic services price inflation, 1997→2024

Domestic Services Inflation Calculator

Prices for Domestic Services, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestic services are 124.73% higher in 2024 versus 1997 (a $24.95 difference in value).

Between 1997 and 2024: Domestic services experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, domestic services costing $20 in the year 1997 would cost $44.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for domestic services was higher.

Price Inflation for Domestic services since 1997

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

Years with the largest changes in pricing: 2021 (9.13%), 2022 (6.34%), and 2024 (5.48%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Domestic services, 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	$20.34	1.71%
1999	$20.98	3.12%
2000	$21.94	4.58%
2001	$22.78	3.83%
2002	$23.67	3.91%
2003	$24.26	2.52%
2004	$24.77	2.07%
2005	$25.66	3.59%
2006	$26.62	3.77%
2007	$27.61	3.71%
2008	$28.55	3.40%
2009	$28.82	0.93%
2010	$28.88	0.21%
2011	$29.08	0.70%
2012	$29.48	1.38%
2013	$30.01	1.82%
2014	$30.74	2.41%
2015	$31.12	1.25%
2016	$31.45	1.06%
2017	$32.21	2.40%
2018	$33.15	2.93%
2019	$33.93	2.34%
2020	$34.91	2.89%
2021	$38.09	9.13%
2022	$40.51	6.34%
2023	$42.61	5.19%
2024	$44.95	5.48%*

* 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 Domestic services:

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	101.708	104.877	109.677	113.877	118.331	121.315	123.831	128.277	133.115	138.059	142.756	144.081	144.386	145.390	147.399	150.075	153.693	155.614	157.267	161.038	165.755	169.632	174.542	190.475	202.545	213.054	224.731

Adjust domestic services 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 Domestic services was 100.000 in the year 1997 and 224.731 in 2024:

224.731 / 100.000 * $20 = $44.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $44.95 in 2024 (in the CPI category of Domestic services).

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