Hospital services priced at $500 in 2000 $1,450.69 in 2019

Historical Price Inflation for Hospital services

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Prices for Hospital Services, 2000-2019 ($500)

According to the U.S. Bureau of Labor Statistics, prices for hospital services were 190.14% higher in 2019 versus 2000 (a $950.69 difference in value).

Between 2000 and 2019: Hospital services experienced an average inflation rate of 5.77% per year. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 2000 would cost $1,450.69 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.02% during this same period, inflation for hospital services was significantly higher.

In the year 2000: Pricing changed by 6%, which is above the average yearly change for hospital services during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for hospital services was higher.

Price Inflation for Hospital services since 1996

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2002 (8.95%), 2010 (7.83%), and 2003 (7.45%).

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

Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 100.000 101.692 104.954 109.323 115.885 123.631 134.692 144.723 153.369 161.569 172.131 183.551 197.186 210.731 227.227 241.213 253.563 265.448 278.754 290.132 303.260 318.170 332.237 336.225

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Buying power of $500 since 2000

Below are calculations of equivalent buying power for Hospital services, over time, for $500 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 $500.00 6.00%
2001 $533.42 6.68%
2002 $581.15 8.95%
2003 $624.43 7.45%
2004 $661.73 5.97%
2005 $697.11 5.35%
2006 $742.68 6.54%
2007 $791.95 6.63%
2008 $850.79 7.43%
2009 $909.23 6.87%
2010 $980.40 7.83%
2011 $1,040.75 6.16%
2012 $1,094.03 5.12%
2013 $1,145.31 4.69%
2014 $1,202.72 5.01%
2015 $1,251.81 4.08%
2016 $1,308.46 4.53%
2017 $1,372.79 4.92%
2018 $1,433.48 4.42%
2019 $1,450.69 1.20%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for hospital services, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Hospital services was 115.885 in the year 2000 and 336.225 in 2019:

336.225 / 115.885 * $500 = $1,450.69

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2000 has the same "purchasing power" as $1,450.69 in 2019 (in the CPI category of Hospital services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Hospital services in 1996. In addition to hospital services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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