According to the U.S. Bureau of Labor Statistics, prices for hospital services were 63.29% lower in 2000 versus 2017.
Hospital services experienced an average inflation rate of 6.07% per year between 2000 and 2017. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 2000 would cost $1,362.09 in 2017 for an equivalent purchase.
Pricing changed by 5.66% in 2000, below the yearly average change for hospital services during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.27%), price inflation for hospital services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Hospital services: