Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Prices for services decelerate, but not shelter prices

June 15, 1999

The inflation rate for consumer services has drifted downward since 1993. While prices of services rose by 3.8 percent in 1993, they increased by only 2.6 percent in 1998. In fact, the inflation rate for services dropped in four of the past five years.

Annual change in the Consumer Price Indexes for shelter and services, 1993-98
[Chart data—TXT]

However, the biggest component of services—shelter—has not shared in this downward trend. Shelter prices rose by more in 1998 (3.3 percent) than in 1993 (3.0 percent). Between 1993 and 1998, the shelter rate of inflation has stayed in a narrow range between 2.9 and 3.5 percent.

These data are produced by the BLS Consumer Price Index program. More information on consumer price changes can be found in "Consumer inflation remains modest in 1998," Monthly Labor Review, April 1999. Annual percent changes are December-to-December changes.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Prices for services decelerate, but not shelter prices at https://www.bls.gov/opub/ted/1999/jun/wk3/art02.htm (visited December 07, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle