Physicians' services priced at $20 in 2000 $31.11 in 2018

Historical Price Inflation for Physicians' services

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Prices for Physicians' Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for physicians' services were 55.53% higher in 2018 versus 2000 (a $11.11 difference in value).

Between 2000 and 2018: Physicians' services experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, physicians' services costing $20 in the year 2000 would cost $31.11 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for physicians' services was higher.

In the year 2000: Pricing changed by 3.66%, which is above the average yearly change for physicians' services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for physicians' services was higher.

Price Inflation for Physicians' services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (12.30%), 1976 (11.27%), and 1981 (11.01%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 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 11.100 11.200 11.200 11.200 11.200 11.200 11.300 11.500 12.300 12.800 13.100 13.700 14.650 15.220 15.480 15.720 16.320 17.040 17.480 18.020 18.600 19.160 20.040 20.660 21.360 21.920 22.480 23.120 23.640 24.267 25.175 26.640 28.520 30.100 32.069 34.462 36.869 38.008 39.262 42.854 48.123 53.546 58.500 63.369 69.177 76.492 84.915 92.885 100.069 107.038 113.285 121.469 130.415 139.785 150.054 160.838 170.462 181.162 191.285 199.762 208.823 216.377 222.869 229.477 236.023 244.654 253.638 260.623 267.662 278.269 287.462 291.900 303.242 311.342 320.831 331.330 340.301 347.306 354.161 359.097 366.082 378.082 380.086 380.502

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Physicians' 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 3.66%
2001 $20.73 3.67%
2002 $21.31 2.75%
2003 $21.88 2.70%
2004 $22.75 3.96%
2005 $23.50 3.30%
2006 $23.86 1.54%
2007 $24.79 3.89%
2008 $25.45 2.67%
2009 $26.23 3.05%
2010 $27.09 3.27%
2011 $27.82 2.71%
2012 $28.39 2.06%
2013 $28.95 1.97%
2014 $29.36 1.39%
2015 $29.93 1.95%
2016 $30.91 3.28%
2017 $31.07 0.53%
2018 $31.11 0.11%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for physicians' 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 Physicians' services was 244.654 in the year 2000 and 380.502 in 2018:

380.502 / 244.654 * $20 = $31.11

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.11 in 2018 (in the CPI category of Physicians' services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Physicians' services in 1935. In addition to physicians' 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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