Services less medical care services priced at $20 in 1957 $298.07 in 2022

Services Less Medical Care Services Inflation Calculator

$

Prices for Services Less Medical Care Services, 1957-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less medical care services are 1,390.37% higher in 2022 versus 1957 (a $278.07 difference in value).

Between 1957 and 2022: Services less medical care services experienced an average inflation rate of 4.24% per year. This rate of change indicates significant inflation. In other words, services less medical care services costing $20 in the year 1957 would cost $298.07 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for services less medical care services was higher.

Price Inflation for Services less medical care services since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.85%), 1981 (13.37%), and 1979 (11.18%).

View price changes for other categories
Hospital services · Wine at home · New trucks · Electricity · More

Buying power of $20.00 since 1957

Below are calculations of equivalent buying power for Services less medical care services, over time, for $20 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1957$20.00-
1958$20.703.50%
1959$21.232.54%
1960$21.893.14%
1961$22.291.84%
1962$22.661.65%
1963$23.051.70%
1964$23.471.82%
1965$24.012.31%
1966$24.873.57%
1967$25.743.52%
1968$27.095.24%
1969$29.097.39%
1970$31.167.10%
1971$32.815.30%
1972$34.083.88%
1973$35.544.27%
1974$38.819.21%
1975$42.319.01%
1976$45.667.93%
1977$48.987.26%
1978$53.188.58%
1979$59.1311.18%
1980$68.5015.85%
1981$77.6613.37%
1982$84.448.73%
1983$86.892.90%
1984$91.365.15%
1985$95.935.01%
1986$100.374.63%
1987$104.263.88%
1988$108.824.37%
1989$113.924.68%
1990$119.815.17%
1991$125.524.76%
1992$129.913.50%
1993$134.503.53%
1994$138.693.11%
1995$143.153.22%
1996$147.723.19%
1997$152.263.08%
1998$156.202.59%
1999$160.002.43%
2000$165.383.36%
2001$172.194.11%
2002$177.322.98%
2003$182.783.08%
2004$187.792.74%
2005$193.723.16%
2006$201.033.78%
2007$207.403.17%
2008$214.523.44%
2009$217.271.28%
2010$218.540.58%
2011$222.031.60%
2012$226.341.94%
2013$231.652.35%
2014$237.702.61%
2015$243.132.28%
2016$249.732.71%
2017$256.582.75%
2018$263.862.84%
2019$270.662.58%
2020$275.411.76%
2021$283.612.98%
2022$298.075.10%*

* 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 Services less medical care services:

Year195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI22.84023.64024.24025.00025.46025.88026.32026.80027.42028.40029.40030.94033.22535.58537.46938.92340.58544.32348.31552.14655.93160.73167.52378.22388.68596.43199.223104.331109.554114.623119.069124.277130.092136.823143.338148.362153.600158.385163.477168.692173.885178.385182.723188.869196.638202.500208.731214.454221.223229.577236.847244.987248.122249.569253.554258.479264.546271.455277.656285.187293.018301.327309.096314.522323.885340.399

Adjust services less medical care services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1957 * 1957 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Services less medical care services was 22.840 in the year 1957 and 340.399 in 2022:

340.399 / 22.840 * $20 = $298.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1957 has the same "purchasing power" as $298.07 in 2022 (in the CPI category of Services less medical care services).


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