According to the U.S. Bureau of Labor Statistics, prices for hospital services were 173.72% higher in 2017 versus 2000.
Between 2000 and 2017: Hospital services experienced an average inflation rate of 6.10% per year. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 2000 would cost $1,368.62 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, hospital services inflation was similar.
In the year 2000: Pricing changed by 6%, below the average yearly change for hospital services during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.38%), price inflation for hospital services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Hospital services: