In spite of concerns about inflation in the United States – and skyrocketing costs for goods and services – according to NFDA's 2023 Member General Price List Study, funeral costs have not risen as fast as the rate of inflation. The overall rate of inflation over the past two years was 13.6%. According to NFDA’s study, the median cost of a funeral with casket and burial has increased only 5.8% over the past two years (from $7,848 to $8,300) and the median cost of a funeral with cremation, including alternative cremation casket and urn, has increased 8.1%% over the past two years (from $5,810 to $6,280).
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