Hospital services priced at $500 in 2000 $1,362.09 in 2017

Historical Price Inflation for Hospital services

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Prices for Hospital Services, 2000-2017 ($500)

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.

Price Inflation for Hospital services since 1996

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2002 (8.21%), 2010 (7.26%), and 2003 (6.93%).

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

Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
CPI 100.000 101.692 104.954 109.323 115.885 123.631 134.692 144.723 153.369 161.569 172.131 183.551 197.186 210.731 227.227 241.213 253.563 265.448 278.754 290.132 303.260 315.691

View price changes for other categories
Public transportation · Medical care · Jewelry · Housing

How to calculate the inflation rate for hospital services, 2000-2017

Start with the inflation rate 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 115.885 in the year 2000 and 315.691 in 2017:

315.691 / 115.885 * $500 = $1,362.09

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $500 from 2000 is $1,362.09 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 1996. 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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