Services less energy services priced at $20 in 2000 $32.42 in 2018

Historical Price Inflation for Services less energy services

$

Prices for Services Less Energy Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less energy services were 62.10% higher in 2018 versus 2000 (a $12.42 difference in value).

Between 2000 and 2018: Services less energy services experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, services less energy services costing $20 in the year 2000 would cost $32.42 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for services less energy services was higher.

In the year 2000: Pricing changed by 3.27%, which is above the average yearly change for services less energy services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for services less energy services was lower.

Price Inflation for Services less energy services since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.24%), 1981 (12.98%), and 1979 (11.08%).

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

Year 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 21.892 22.723 23.415 24.146 24.692 25.200 25.708 26.246 26.900 27.977 29.323 30.946 33.231 35.992 37.962 39.385 41.085 44.762 48.808 52.700 56.546 61.346 68.146 78.531 88.723 96.346 99.154 104.508 110.215 116.469 121.969 127.892 134.438 142.300 149.823 155.869 161.915 167.623 173.708 179.415 184.969 190.608 195.731 202.138 209.592 217.492 223.785 230.177 236.615 244.685 253.058 261.017 265.875 268.278 273.057 279.667 286.368 293.454 301.110 310.445 318.741 327.669

View price changes for other categories
Legal services · Fish and seafood · Electricity · Fresh fruits · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Services less energy 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 3.27%
2001 $20.74 3.69%
2002 $21.52 3.77%
2003 $22.14 2.89%
2004 $22.77 2.86%
2005 $23.41 2.80%
2006 $24.21 3.41%
2007 $25.04 3.42%
2008 $25.83 3.15%
2009 $26.31 1.86%
2010 $26.54 0.90%
2011 $27.02 1.78%
2012 $27.67 2.42%
2013 $28.33 2.40%
2014 $29.03 2.47%
2015 $29.79 2.61%
2016 $30.72 3.10%
2017 $31.54 2.67%
2018 $32.42 2.80%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for services less energy 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 Services less energy services was 202.138 in the year 2000 and 327.669 in 2018:

327.669 / 202.138 * $20 = $32.42

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $32.42 in 2018 (in the CPI category of Services less energy services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less energy services in 1957. In addition to services less energy 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.