According to the U.S. Bureau of Labor Statistics, prices for eyeglasses and eye care were 7.28% higher in 2020 versus 2012 (a $7.28 difference in value).
Between 2012 and 2020: Eye care experienced an average inflation rate of 0.88% per year. In other words, eye care costing $100 in the year 2012 would cost $107.28 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for eye care was lower.
In the year 2012: Pricing changed by 0.90%, which is above the average yearly change for eye care during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for eye care was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Eyeglasses and eye care:
Below are calculations of equivalent buying power for Eye care, over time, for $100 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|