Hospital and related services priced at $20 in 2000 $54.60 in 2018

Historical Price Inflation for Hospital and related services

$

Prices for Hospital And Related Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for hospital and related services were 173% higher in 2018 versus 2000 (a $34.60 difference in value).

Between 2000 and 2018: Hospital and related services experienced an average inflation rate of 5.74% per year. This rate of change indicates significant inflation. In other words, hospital and related services costing $20 in the year 2000 would cost $54.60 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for hospital and related services was significantly higher.

In the year 2000: Pricing changed by 5.95%, which is above the average yearly change for hospital and related services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for hospital and related services was higher.

Price Inflation for Hospital and related services since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (14.27%), 1982 (14.14%), and 1980 (13.47%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Hospital and related services:

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 51.800 55.077 60.992 69.208 79.085 90.269 100.531 109.208 116.138 123.100 131.646 143.938 160.485 178.000 196.092 214.008 231.923 245.608 257.769 269.492 278.431 287.515 299.492 317.308 338.292 367.762 394.800 417.900 439.877 468.092 498.922 533.953 567.879 607.679 641.488 672.078 701.344 733.841 761.853 795.127 831.696 866.265

View price changes for other categories
New York · Philadelphia, Pennsylvania · Tampa, Florida · San Francisco, California · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Hospital and related services, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 5.95%
2001 $21.32 6.61%
2002 $23.18 8.71%
2003 $24.88 7.35%
2004 $26.34 5.85%
2005 $27.73 5.26%
2006 $29.50 6.41%
2007 $31.45 6.59%
2008 $33.66 7.02%
2009 $35.79 6.35%
2010 $38.30 7.01%
2011 $40.43 5.56%
2012 $42.36 4.77%
2013 $44.21 4.35%
2014 $46.25 4.63%
2015 $48.02 3.82%
2016 $50.12 4.37%
2017 $52.42 4.60%
2018 $54.60 4.16%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for hospital and related services, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Hospital and related services was 317.308 in the year 2000 and 866.265 in 2018:

866.265 / 317.308 * $20 = $54.60

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $54.60 in 2018 (in the CPI category of Hospital and related services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Hospital and related services in 1977. In addition to hospital and related services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.