Veterinarian services priced at $20 in 1997 $72.65 in 2024

Veterinarian Services Inflation Calculator

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Prices for Veterinarian Services, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for veterinarian services are 263.26% higher in 2024 versus 1997 (a $52.65 difference in value).

Between 1997 and 2024: Veterinarian services experienced an average inflation rate of 4.89% per year. This rate of change indicates significant inflation. In other words, veterinarian services costing $20 in the year 1997 would cost $72.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for veterinarian services was higher.

Price Inflation for Veterinarian services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (9.44%), 2022 (8.83%), and 2000 (7.63%).

View price changes for other categories
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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Veterinarian services, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.502.48%
1999$21.354.17%
2000$22.987.63%
2001$24.556.81%
2002$25.935.62%
2003$27.295.26%
2004$28.946.03%
2005$30.686.02%
2006$32.024.38%
2007$34.076.40%
2008$36.276.46%
2009$38.245.43%
2010$39.673.74%
2011$41.644.97%
2012$42.852.89%
2013$43.972.62%
2014$45.523.53%
2015$47.243.76%
2016$48.963.65%
2017$50.042.20%
2018$51.322.55%
2019$53.444.14%
2020$55.423.70%
2021$57.754.21%
2022$62.858.83%
2023$68.799.44%
2024$72.655.62%*

* 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 Veterinarian services:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000102.485106.762114.908122.738129.631136.454144.685153.392160.115170.356181.355191.211198.359208.210214.238219.859227.624236.187244.808250.203256.594267.213277.093288.769314.272343.929363.262

Adjust veterinarian services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Veterinarian services was 100.000 in the year 1997 and 363.262 in 2024:

363.262 / 100.000 * $20 = $72.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $72.65 in 2024 (in the CPI category of Veterinarian services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Veterinarian services in 1997. In addition to veterinarian 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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