Medical care services priced at $20 in 2021→$20.86 in 2022

Medical Care Services Inflation Calculator

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Prices for Medical Care Services, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medical care services were 4.29% higher in 2022 versus 2021 (a $0.86 difference in value).

Between 2021 and 2022, Medical care services experienced an average inflation rate of 4.29% per year. This rate of change indicates significant inflation. In other words, medical care services costing $20 in the year 2021 would cost $20.86 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 8.00% during this same period, inflation for medical care services was significantly lower.

In the year 2021: Pricing changed by 1.86%, which is below the average yearly change for medical care services during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for medical care services was lower.

Price Inflation for Medical care services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (12.61%), 1982 (11.86%), and 1980 (11.28%).

Medical care services prices are up 2.8% over the past year, but your own inflation rate depends on everything you buy. The personal inflation calculator works it out from your budget.

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Medical care services, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2021$20.001.86%
2022$20.864.29%
2023$20.79-0.35%
2024$21.372.82%
2025$22.103.41%
2026$22.752.94%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI8.2608.3088.4008.4008.4588.5008.5088.7009.1679.5759.82510.35011.28312.01712.51712.76713.38314.24214.76715.20815.69216.31717.01717.85818.72519.49220.20820.87521.49222.01722.70023.92526.00827.92530.17532.32534.67535.94237.54241.37546.59251.25856.35061.23367.18374.75882.77592.592100.675106.733113.175121.908129.950138.342148.892162.675177.083190.525202.917213.417224.183232.408239.075246.800255.058266.017278.758292.883305.967321.333336.675350.617369.302384.943397.299411.208423.810440.341454.007464.798476.171494.766506.804517.805536.142562.650573.096597.710595.636612.418633.314651.917

Adjust medical care services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021* 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Medical care services was 573.096 in the year 2021 and 597.710 in 2022:

597.710 / 573.096* $20 = $20.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $20.86 in 2022 (in the CPI category of Medical care services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical care services in 1935. In addition to medical care services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.