Hospital services priced at $500 in 2000 $1,347.46 in 2017

Historical Price Inflation for Hospital services

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According to the U.S. Bureau of Labor Statistics, prices for hospital services were 169.49% lower in 2000 than in 2017.

Hospital services experienced an average inflation rate of 6% 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 $1,347.46 in 2017 for an equivalent purchase.

Average pricing changed by 5.65% 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.


Price Inflation for Hospital services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2002 (8.21%), 2010 (7.26%), and 2003 (6.94%).

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

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017
CPI101.675104.950109.333115.883123.642134.700144.742153.383161.583172.167183.567197.198210.740227.228241.230253.576265.463278.764290.145303.278312.296

View price changes for other categories
Wireless telephone services · Women's apparel · Medical care · Alcoholic beverages

How to calculate the inflation rate for hospital services between 2000 and 2017

Start with the CPI inflation formula:

CPI in 2017 / CPI in 2000 * 2000 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Hospital services was 115.883 in the year 2000 and 312.296 in 2017:

312.296 / 115.883 * $500 = $1,347.46

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $500 from 2000 is $1,347.46 in 2017 (in the category of Hospital services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Hospital services in 1997. In addition to hospital services, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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