According to the U.S. Bureau of Labor Statistics, prices for eyeglasses and eye care were 2.89% higher in 2021 versus 2016 (a $2.89 difference in value).
Between 2016 and 2021: Eye care experienced an average inflation rate of 0.57% per year. In other words, eye care costing $100 in the year 2016 would cost $102.89 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for eye care was lower.
In the year 2016: Pricing changed by 1.64%, which is above the average yearly change for eye care during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|