Pricing Statistics 2024 – Everything You Need to Know

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Are you looking to add Pricing to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Pricing statistics of 2024.

My team and I scanned the entire web and collected all the most useful Pricing stats on this page. You don’t need to check any other resource on the web for any Pricing statistics. All are here only 🙂

How much of an impact will Pricing have on your day-to-day? or the day-to-day of your business? Should you invest in Pricing? We will answer all your Pricing related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Pricing Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 123 Pricing Statistics on this page 🙂

Pricing Benefits Statistics

  • According to NFDA’s 2024 Consumer Awareness and Preferences Report, 60.5% would be interested in exploring “green” funeral options because of their potential environmental benefits, cost savings or for some other reason, up from 55.7% in 2021. [0]

Pricing Usage Statistics

Pricing Latest Statistics

  • » Category 12 month percent change, Mar 2024. [2]
  • 13.7% Dairy and related products 7.0% Fruits and vegetables. [2]
  • 8.5% Nonalcoholic beverages and beverage materials 8.0%. [2]
  • 6.5% Commodities less food and energy commodities. [2]
  • 35.3% Medical care commodities 2.7% Alcoholic beverages 3.7% Tobacco and smoking products. [2]
  • Owners’ equivalent rent of residences 4.5% Medical care services 2.9%. [2]
  • Physicians’ services 0.7% Hospital services 3.3% Transportation services. [2]
  • 7.7% Motor vehicle maintenance and repair 4.9% Motor vehicle insurance 4.2% Airline fare. [2]
  • Consumer Price Index +1.2% in Mar 2024. [2]
  • Producer Price Index. [2]
  • Employment Cost Index +1.0% in 4th Qtr of 2021. [2]
  • Productivity+6.6% in 4th Qtr of 2021. [2]
  • U.S. Import Price Index+2.6% in Mar 2024. [2]
  • U.S. Export Price Index+4.5% in Mar 2024 read more » CPI for all items rises 1.2% in March; gasoline, shelter, food indexes rise 04/12/2024. [2]
  • In March, the Consumer Price Index for All Urban Consumers rose 1.2 percent,seasonally adjusted, and rose 8.5 percent over the last 12 months, notseasonally adjusted. [2]
  • The index for all items less food and energy increased0.3 percent in March ; up 6.5 percent over the year (N). [2]
  • More » Commodity 1 month percent change Goods. [3]
  • ( 8.0% Fresh and dry vegetables( 42.4% Meats. [3]
  • 0.3% Passenger cars 0.3% Trucks, 14,000 lbs. [3]
  • and under 0.9% Aircraft and aircraft equipment 1.1% Cigarettes, including nontobacco. [3]
  • 0.9% Trade services 1.2% Machinery and equipment and parts and supplies wholesaling. [3]
  • ( 0.1% Food and alcohol retailing 0.2% Health and beauty retailing, including optical goods( 0.2% Apparel, jewelry, footwear, and accessories retailing. [3]
  • Less trade, transportation, and warehousing 0.3% Loan services 1.3% Securities brokerage, dealing, investment advice, and related services. [3]
  • NSA+11.2%since Mar 2021 read more » PPI for final demand advances 1.4% in March; goods rise 2.3%, services increase 0.9% 04/13/2024. [3]
  • The Producer Price Index for final demand increased 1.4 percent in March. [3]
  • Prices for finaldemand goods advanced 2.3 percent, and the index for final demand services rose 0.9 percent. [3]
  • Final demand prices moved up 11.2 percent for the 12 months ended in March. [3]
  • The Producer Price Index for final demand increased 11.2 percent from March 2021 to March 2024, the largest overthe year percentage increase since data were first calculated in November 2010. [3]
  • The day after the announcement, the company’s stock price plunged by over 35 percent, marking the largest single day drop ever in percentage terms. [4]
  • A survey conducted in the United States in March 2024, found that 48 percent of all respondents stated they were not at all interested in virtually attending a live sporting event in the metaverse. [4]
  • Millennials were the most likely to show interest in attending such an event, with 27 percent saying they would be very interested, and 29 percent saying they would be somewhat interested. [4]
  • After a period of gradual decline, the average annual rate on a 30year fixed rate mortgage in the United States rose to 4.17 percent March 2024, up from 3.08 percent in March 2021. [4]
  • That month, price levels of transportation and communication in China increased by approximately 5.8 percent compared to the same month of the previous year. [4]
  • At public 4 year institutions, average tuition and fees were $9,400 in 2019–20, about 13 percent higher than they were in 2010–11. [5]
  • At private nonprofit 4 year institutions, average tuition and fees were $36,700 in 2019–20, about 18 percent higher than they were in 2010–11. [5]
  • At private forprofit 4 year institutions, average tuition and fees were $19,100 in 2019–20, around 8 percent higher than they were in 2010–11. [5]
  • In contrast, average tuition and fees were 3 percent lower in 2019–20 than in 2010–11 at private forprofit 2. [5]
  • This figure represents a 26% increase over a five. [6]
  • The total estimated 2017 cost of diagnosed diabetes of $327 billion includes $237 billion in direct medical costs and $90 billion in reduced productivity. [6]
  • The largest components of medical expenditures are Hospital inpatient care (30% of the total medical cost) Prescription medications to treat complications of diabetes (30%). [6]
  • Anti diabetic agents and diabetes supplies (15%). [6]
  • Most of the cost for diabetes care in the U.S., 67.3%, is provided by government insurance. [6]
  • The rest is paid for by private insurance (30.7%) or by the uninsured (2%). [6]
  • People with diabetes who do not have health insurance have 60% fewer physician office visits and are prescribed 52% fewer medications than people with insurance coverage—but they also have 168% more emergency department visits than people who have insurance. [6]
  • Compared to nonHispanic whites, per capita hospital inpatient costs are 23% higher among non Hispanic Blacks and 29% lower among Hispanics. [6]
  • Non Hispanic blacks also have 65% more emergency department visits than the population with diabetes as a whole. [6]
  • The estimated total economic cost of diagnosed diabetes in 2017 is $327 billion, a 26% increase from our previous estimate of $245 billion. [6]
  • Average annual foodat home prices were 3.5 percent higher in 2021 than in 2020. [7]
  • For context, the 20 year historical level of retail food price inflation is 2.0 percent per year—meaning the 2021 increase was 75 percent above average. [7]
  • Meat and fish prices rose most sharply; beef and veal prices increased 9.3 percent, pork prices increased 8.6 percent, fish and seafood prices increased 5.4 percent, and poultry prices increased 5.1 percent in 2021. [7]
  • Fresh fruit prices also increased by 5.5 percent in 2021. [7]
  • From 2017 to 2021, the allfood CPI rose 11.1 percent, which is higher than the all. [7]
  • Food price increases were below the 11.7percent rise in housing costs and the 14.4 percent increase in transportation costs. [7]
  • The average farm price of these crops, weighted by total production, regularly rises or falls by more than 10 percent from year to year. [7]
  • For example, in 2011, the production weighted price of these crops increased by 43 percent, but food prices rose 4 percent. [7]
  • Over the past 2 decades, motor fuel and household energy prices have experienced double digit, annual price swings, while food prices have posted annual increases of between 0 and 6 percent, for an average, annual increase of 2.4 percent. [7]
  • This resulted in foodat home spending accounting for 51.9 percent of total food expenditures, the first year it has accounted for more than half of food spending since 2008, during the Great Recession. [7]
  • In 2020, U.S. consumers spent an average of 8.6 percent of their disposable personal income on food—divided between food at home and food away from home. [7]
  • In 2020, the share of disposable income spent on total food decreased by 10.1 percent. [7]
  • In 2020, households in the lowest income quintile spent an average of $4,099 on food , while households in the highest income quintile spent an average of $12,245 on food. [7]
  • Highincome countries such as the United States and the United Kingdom have higher food spending in absolute terms, but the share of household consumption expenditures devoted to at home food is low—less than 10 percent. [7]
  • In Kenya and other lowincome countries, at home food’s share of consumption expenditures can exceed 50 percent. [7]
  • According to the most recent available data, U.S. per capita calorie availability was among the highest at 3,682 calories per day, while Kenya’s was estimated at only 2,206 calories. [7]
  • As A Percent of Median Household Income, 208 Premiums Private Passenger Automobile Insurance, 20. [8]
  • The countrywide average auto insurance expenditure rose 1.0 percent to $1,070.47 in 2019 from $1,059.41 in 2018 according to the National Association of Insurance Commissioners. [8]
  • 79 percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and 75 percent buy collision coverage, based on a Triple I analysis of 2019 NAIC data. [8]
  • The tables below show estimated average expenditures for private passenger automobile insurance by state from 2015 to 2019 and provide approximate measures of the relative cost of automobile insurance to consumers in each state. [8]
  • Countrywide Trends and State Comparisons , looks at the auto insurance expenditure share of income, which ranges from a low of 1.02 percent in Iowa for 2018, the latest data available, to a high of 3.09 percent in Louisiana. [8]
  • U.S. households on average spent 1.67 percent of their income on auto insurance. [8]
  • According to the IRC, Louisiana, Florida, and Michigan have maintained their respective rankings as the first, second, and third least affordable states since 2014. [8]
  • Rank State Percent Rank State Percent 1 Louisiana 3.09% 27 Oregon 1.43% 2 Florida 2.61 28 Montana 1.43 3 Michigan 2.43 29 Maryland 1.41 4 Mississippi 2.27 30 Alaska 1.40 5 Georgia 2.17 31 North Carolina 1.38 6 Rhode Island 2.14 32. [8]
  • 26 California .47 Total U.S. .67%. [8]
  • Private Passenger Automobile Insurance, 20112020 Liability Collision/comprehensive 2011 $100,369,441 2.8% 103.8. [8]
  • Rank Group/company Direct premiums written Market share State Farm $40,397,656 6.%. [8]
  • In 2018, 1.1 percent of people with liability insurance had a bodily injury liability claim, while 3.9 percent of those with liability insurance had a property damage liability claim, according to ISO. [8]
  • In 2018, 6.1 percent of collision insurance policyholders had a claim, while 3.0 percent of people with comprehensive coverage had a claim. [8]
  • The cost of living rose 4.7 percent in 2021. [8]
  • The cost of motor vehicle insurance increased 3.8 percent after a 4.6 percent decline in 2020, when drivers reduced their driving due to the COVID. [8]
  • The cost of tenants and household insurance declined slightly, down 0.3 percent. [8]
  • Used cars and trucks increased a significant 26.6 percent and the median price of a single family home increased 17.7 percent and nearly 100 percent since 2012. [8]
  • Year Index Percent change Index. [8]
  • 150.3 0.9% 131.3 3.1% 198.7 NA 303.5 2.0% 177 6.5%. [8]
  • 4.8% NA 23.4% 99.4% December 996=00. [8]
  • In March 2024, pending home sales were down 1.2% monthover. [9]
  • Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2024. [9]
  • Rising interest rates are likely to put some upward pressure on cap rates in 2024. [9]
  • Home Price Index Accelerates to 19.8% in 2024. [9]
  • Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of 2024. [9]
  • According to Freddie Mac, the 30 year fixed mortgage rate rose to 5.11% from 5% the previous week. [9]
  • Existing Home Sales Fall 2.7% and Mortgage Rates Rise March 2024 brought 5.77 million in sales, a median sales price of $375,300, and 2.0 months of inventory. [9]
  • According to NFDA’s 2021 Cremation and Burial Report, the 2021 cremation rate is projected to be 57.5% and the burial rate is projected to be 36.6%. [0]
  • According to NFDA’s 2024 Consumer Awareness and Preferences Report, 55.6% of respondents have attended a funeral at a non. [0]
  • According to the National Directory of Morticians Redbook, there were more than 18,800 funeral homes in the United States, down from 19,902 in 2010. [0]
  • According to the latest data from the U.S. Census Bureau Economic Census, the funeral industry generates $16.323 billion in revenue . [0]
  • Approximately 89.2% of funeral homes in the United States are privately owned by families or individuals. [0]
  • United States hog inventory down 2% NEWS RELEASE USDA NASS to livestream agricultural data briefings, enhances public access to valuable information Find Data and Reports by Find a Regional or State Field Office. [10]
  • The price of electricity for household consumers in Germany was more than three times higher than the price in Hungary and 45.6 % higher than the EU average price. [11]
  • The weight of the taxes has increased by 8.8 percentage points over the last 13 years, from 31.2 % in the first half of 2008 to 39.4 % in the first half of 2021. [11]
  • In the EU, the share of taxes in the first half of 2021 was smallest in the Netherlands, where the values were in fact negative . [11]
  • The relative share of taxes was highest in Denmark, making up 64.1 % of the total price. [11]
  • The average share of taxes and levies on the EU level was 39.4 %. [11]
  • The VAT in the EU represents 15.5 % of the total price. [11]
  • It ranges from 4.8 % in Malta to 21.3 % in Hungary. [11]
  • Largest drops in electricity prices in the Netherlands, Cyprus and Lithuania Figure 4 shows the percentage change in electricity prices for household consumers including all taxes and VAT in the first half of 2020 to the first half of 2021. [11]
  • The biggest decrease is observed in the Netherlands (10.2 %), followed by Cyprus . [11]
  • Slovenia (14.8 %) and Poland (7.9 %). [11]
  • In 2020, Luxembourg, Slovakia and Finland have the highest share of distribution costs, with 100%, 91.8% and 90% respectively. [11]
  • In 2020, Cyprus, Lithuania and Croatia have the highest share of transmission costs with 30.0 %, 29.6 % and 26.5 % respectively. [11]
  • The weight of the taxes has increased considerably by 19.4 percentage points over the last 13 years, from 13.8 % in the first half of 2008 to 33.2 % in the first half of 2021. [11]
  • Therefore, if we look at the nonhousehold total price, i.e. including the non recoverable taxes, for the first half of 2021, it increased (32.5 %). [11]
  • In the first half of 2021, the share of taxes was highest in Germany and Italy, where non recoverable taxes and levies made up 49.9 % and 40.7 % of the total price respectively. [11]
  • The share of taxes for the EU is 33.2 %. [11]
  • The biggest decreases were recorded in Slovenia (6.5 %) and Portugal (5.2 %), closely followed by Romania . [11]
  • We recorded by far the largest increase in Denmark (29.8 %), with Bulgaria in the second place (18.0 %), followed by Estonia (16.3 %). [11]
  • Other countries with an increase of 10.0 % or more are Ireland (14.0 %), Lithuania (10.9 %) and Greece (10.0 %). [11]
  • In 2020, Luxembourg, Czechia and Sweden have the highest share of distribution costs, with 91%, 90.8% and 87.8% respectively. [11]
  • In 2020, Belgium, Italy and Denmark have the highest share of transmission costs with 57.6 %, 54.2 % and 48.0 % respectively. [11]
  • Did you know that 98% of SaaS businesses earned positive results from making core changes to their pricing policy. [1]
  • 50% of SaaS companies charge based on user base pricing. [1]
  • 84% of companies organized packages price low to high whereas 9% organized packages high to low on pricing pages 54% of companies are offering annual pricing plans whereas only 39% of SaaS Companies have pricing publicly available. [1]
  • Pricing at top section of page79.5%. [1]

I know you want to use Pricing Software, thus we made this list of best Pricing Software. We also wrote about how to learn Pricing Software and how to install Pricing Software. Recently we wrote how to uninstall Pricing Software for newbie users. Don’t forgot to check latest Pricing statistics of 2024.

Reference

  1. nfda – https://nfda.org/news/statistics.
  2. invespcro – https://www.invespcro.com/blog/saas-pricing/.
  3. bls – https://www.bls.gov/cpi/.
  4. bls – https://www.bls.gov/ppi/.
  5. statista – https://www.statista.com/.
  6. ed – https://nces.ed.gov/fastfacts/display.asp?id=76.
  7. diabetes – https://www.diabetes.org/about-us/statistics/cost-diabetes.
  8. usda – https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-prices-and-spending/.
  9. iii – https://www.iii.org/fact-statistic/facts-statistics-auto-insurance.
  10. nar – https://www.nar.realtor/research-and-statistics.
  11. usda – https://www.nass.usda.gov/.
  12. europa – https://ec.europa.eu/eurostat/statistics-explained/index.php/Electricity_price_statistics.

How Useful is Pricing

One of the key reasons pricing is so important is that it directly impacts a company’s bottom line. The price of a product or service determines the revenue a company can generate, which in turn affects its profitability and overall financial health. Setting the right price can mean the difference between success and failure for a business.

Additionally, pricing plays a crucial role in positioning a company within the market. By effectively communicating the value of its products or services through pricing, a company can establish itself as a leader in the industry. For example, setting premium prices can create a perception of exclusivity and luxury, while setting lower prices can attract price-conscious customers.

Pricing also influences consumer behavior. Customers are often influenced by the prices of products or services when making purchasing decisions. Prices that are too high may deter customers from making a purchase, while prices that are too low may raise questions about the quality of the product. Finding the right balance is essential for driving sales and satisfying customers.

Another important aspect of pricing is its role in competition. Companies must carefully analyze the prices set by their competitors and adjust their own prices accordingly. Pricing too high compared to competitors may result in losing market share, while pricing too low may damage a company’s profitability. Finding the right pricing strategy that considers both the competition and the value offered to customers can give a company a competitive edge.

Furthermore, pricing is a tool that can be used to achieve specific business objectives. For example, setting promotional prices can help boost sales for a product or service, while dynamic pricing can enable companies to maximize revenue based on demand. Pricing strategies can also be used to target specific customer segments or drive customer loyalty.

It is evident that pricing is an essential element of any business strategy. From impacting a company’s financial health to influencing consumer behavior and competition, pricing plays a significant role in the success of a business. Companies that understand the complexity of pricing and use it strategically can achieve their business objectives and stay ahead in the market.

In Conclusion

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