Services less medical care services priced at $20 in 2000 $31.88 in 2018

Historical Price Inflation for Services less medical care services

$

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

According to the U.S. Bureau of Labor Statistics, prices for services less medical care services were 59.40% higher in 2018 versus 2000 (a $11.88 difference in value).

Between 2000 and 2018: Services less medical care services experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, services less medical care services costing $20 in the year 2000 would cost $31.88 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for services less medical care services was higher.

In the year 2000: Pricing changed by 3.36%, which is above the average yearly change for services less medical care services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for services less medical care services was lower.

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%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Services less medical care 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 22.840 23.640 24.240 25.000 25.460 25.880 26.320 26.800 27.420 28.400 29.400 30.940 33.225 35.585 37.469 38.923 40.585 44.323 48.315 52.146 55.931 60.731 67.523 78.223 88.685 96.431 99.223 104.331 109.554 114.623 119.069 124.277 130.092 136.823 143.338 148.362 153.600 158.385 163.477 168.692 173.885 178.385 182.723 188.869 196.638 202.500 208.731 214.454 221.223 229.577 236.847 244.987 248.122 249.569 253.554 258.479 264.546 271.455 277.656 285.187 293.018 301.048

View price changes for other categories
Women's apparel · New trucks · Fish and seafood · Philadelphia, Pennsylvania · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Services less medical care 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 3.36%
2001 $20.82 4.11%
2002 $21.44 2.98%
2003 $22.10 3.08%
2004 $22.71 2.74%
2005 $23.43 3.16%
2006 $24.31 3.78%
2007 $25.08 3.17%
2008 $25.94 3.44%
2009 $26.27 1.28%
2010 $26.43 0.58%
2011 $26.85 1.60%
2012 $27.37 1.94%
2013 $28.01 2.35%
2014 $28.75 2.61%
2015 $29.40 2.28%
2016 $30.20 2.71%
2017 $31.03 2.75%
2018 $31.88 2.74%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for services less medical care 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 medical care services was 188.869 in the year 2000 and 301.048 in 2018:

301.048 / 188.869 * $20 = $31.88

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.88 in 2018 (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.