According to the U.S. Bureau of Labor Statistics, prices for eyeglasses and eye care are 7.87% higher in 2023 versus 2016 (a $7.87 difference in value).
Between 2016 and 2023: Eye care experienced an average inflation rate of 1.09% per year. In other words, eye care costing $100 in the year 2016 would cost $107.87 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% 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 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for eye care was higher.
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|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Eyeglasses and eye care: