According to the U.S. Bureau of Labor Statistics, prices for eyeglasses and eye care were 4.90% higher in 2020 versus 2014 (a $4.90 difference in value).
Between 2014 and 2020: Eye care experienced an average inflation rate of 0.80% per year. In other words, eye care costing $100 in the year 2014 would cost $104.90 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for eye care was lower.
In the year 2014: Pricing changed by 1.74%, which is above the average yearly change for eye care during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for eye care was higher.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|