Services priced at $20 in 1935 $607.22 in 2022

Services Inflation Calculator

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Prices for Services, 1935-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services are 2,936.08% higher in 2022 versus 1935 (a $587.22 difference in value).

Between 1935 and 2022: Services experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, services costing $20 in the year 1935 would cost $607.22 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for services was higher.

Price Inflation for Services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.40%), 1981 (13.12%), and 1979 (11.04%).

View price changes for other categories
Legal services · Medical care · Bananas · Jewelry · More

Buying power of $20.00 since 1935

Below are calculations of equivalent buying power for Services, over time, for $20 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1935$20.00-
1936$20.170.85%
1937$20.883.53%
1938$21.191.46%
1939$21.190.00% **
1940$21.290.48%
1941$21.561.27%
1942$22.313.46%
1943$22.751.98%
1944$23.252.24%
1945$23.531.17%
1946$24.032.16%
1947$25.054.23%
1948$26.646.36%
1949$27.864.58%
1950$28.713.04%
1951$30.275.43%
1952$31.664.59%
1953$32.984.18%
1954$33.972.98%
1955$34.642.00%
1956$35.492.44%
1957$36.954.11%
1958$38.343.78%
1959$39.492.99%
1960$40.763.20%
1961$41.622.11%
1962$42.401.88%
1963$43.221.94%
1964$44.031.87%
1965$45.072.37%
1966$46.753.73%
1967$48.834.43%
1968$51.365.18%
1969$54.936.96%
1970$59.418.17%
1971$62.705.53%
1972$65.143.89%
1973$67.904.24%
1974$74.269.37%
1975$81.389.59%
1976$88.088.23%
1977$94.897.73%
1978$103.008.55%
1979$114.3711.04%
1980$131.9815.40%
1981$149.3013.12%
1982$162.799.04%
1983$168.423.46%
1984$177.285.26%
1985$186.305.09%
1986$195.584.98%
1987$203.694.15%
1988$212.994.56%
1989$223.494.93%
1990$235.885.54%
1991$247.995.13%
1992$257.683.91%
1993$267.553.83%
1994$276.433.32%
1995$285.853.41%
1996$295.103.23%
1997$304.083.04%
1998$312.202.67%
1999$320.032.51%
2000$331.023.43%
2001$344.784.16%
2002$355.613.14%
2003$366.943.19%
2004$377.612.91%
2005$390.003.28%
2006$404.863.81%
2007$418.393.34%
2008$433.053.50%
2009$439.241.43%
2010$442.840.82%
2011$450.441.72%
2012$459.962.11%
2013$471.072.42%
2014$483.262.59%
2015$494.382.30%
2016$508.392.83%
2017$522.182.71%
2018$536.622.77%
2019$551.032.68%
2020$562.682.11%
2021$578.692.85%
2022$607.224.93%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI11.80011.90012.32012.50012.50012.56012.72013.16013.42013.72013.88014.18014.78015.72016.44016.94017.86018.68019.46020.04020.44020.93821.80022.62323.30024.04624.55425.01525.50025.97726.59227.58528.80830.30032.40835.05436.99238.43140.06243.81548.01551.96955.98560.76967.47777.86988.08596.04699.369104.592109.915115.392120.177125.662131.862139.169146.315152.031157.854163.092168.654174.108179.408184.200188.815195.300203.423209.808216.492222.792230.100238.869246.848255.498259.154261.274265.762271.374277.929285.126291.683299.947308.085316.607325.106331.980341.428358.258

Adjust services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1935 * 1935 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Services was 11.800 in the year 1935 and 358.258 in 2022:

358.258 / 11.800 * $20 = $607.22

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1935 has the same "purchasing power" as $607.22 in 2022 (in the CPI category of Services).


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