Services priced at $20 in 2000 $32.39 in 2018

Historical Price Inflation for Services

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Prices for Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services were 61.96% higher in 2018 versus 2000 (a $12.39 difference in value).

Between 2000 and 2018: Services experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, services costing $20 in the year 2000 would cost $32.39 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for services was higher.

In the year 2000: Pricing changed by 3.43%, which is above the average yearly change for services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), 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%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 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 11.800 11.900 12.320 12.500 12.500 12.560 12.720 13.160 13.420 13.720 13.880 14.180 14.780 15.720 16.440 16.940 17.860 18.680 19.460 20.040 20.440 20.938 21.800 22.623 23.300 24.046 24.554 25.015 25.500 25.977 26.592 27.585 28.808 30.300 32.408 35.054 36.992 38.431 40.062 43.815 48.015 51.969 55.985 60.769 67.477 77.869 88.085 96.046 99.369 104.592 109.915 115.392 120.177 125.662 131.862 139.169 146.315 152.031 157.854 163.092 168.654 174.108 179.408 184.200 188.815 195.300 203.423 209.808 216.492 222.792 230.100 238.869 246.848 255.498 259.154 261.274 265.762 271.374 277.929 285.126 291.683 299.947 308.085 316.317

View price changes for other categories
Dental services · New cars · Public transportation · Rent of primary residence · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for 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 3.43%
2001 $20.83 4.16%
2002 $21.49 3.14%
2003 $22.17 3.19%
2004 $22.82 2.91%
2005 $23.56 3.28%
2006 $24.46 3.81%
2007 $25.28 3.34%
2008 $26.16 3.50%
2009 $26.54 1.43%
2010 $26.76 0.82%
2011 $27.22 1.72%
2012 $27.79 2.11%
2013 $28.46 2.42%
2014 $29.20 2.59%
2015 $29.87 2.30%
2016 $30.72 2.83%
2017 $31.55 2.71%
2018 $32.39 2.67%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for 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 was 195.300 in the year 2000 and 316.317 in 2018:

316.317 / 195.300 * $20 = $32.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $32.39 in 2018 (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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