Professional services priced at $20 in 2000 $31.84 in 2018

Historical Price Inflation for Professional services

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Prices for Professional Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for professional services were 59.18% higher in 2018 versus 2000 (a $11.84 difference in value).

Between 2000 and 2018: Professional services experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, professional services costing $20 in the year 2000 would cost $31.84 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for professional services was higher.

In the year 2000: Pricing changed by 3.69%, which is above the average yearly change for professional services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for professional services was higher.

Price Inflation for Professional services since 1980

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (10.29%), 1982 (8.47%), and 1983 (7.16%).

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

Year 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 77.892 85.908 93.183 99.858 106.967 113.567 120.842 128.842 137.525 146.375 156.092 165.725 175.767 184.650 192.542 200.967 208.325 215.408 222.233 229.217 237.675 246.500 253.892 261.175 271.492 281.700 289.333 300.800 310.964 319.361 328.176 335.652 341.983 349.473 355.158 361.519 371.551 375.139 378.322

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Professional 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 3.69%
2001 $20.74 3.71%
2002 $21.36 3.00%
2003 $21.98 2.87%
2004 $22.85 3.95%
2005 $23.70 3.76%
2006 $24.35 2.71%
2007 $25.31 3.96%
2008 $26.17 3.38%
2009 $26.87 2.70%
2010 $27.62 2.76%
2011 $28.24 2.28%
2012 $28.78 1.89%
2013 $29.41 2.19%
2014 $29.89 1.63%
2015 $30.42 1.79%
2016 $31.27 2.77%
2017 $31.57 0.97%
2018 $31.84 0.85%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for professional 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 Professional services was 237.675 in the year 2000 and 378.322 in 2018:

378.322 / 237.675 * $20 = $31.84

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.84 in 2018 (in the CPI category of Professional services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Professional services in 1980. In addition to professional 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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