Eye care price inflation, 2017→2023

Eye Care Inflation Calculator

Prices for Eye Care, 2017-2023 ($100)

According to the U.S. Bureau of Labor Statistics, prices for eyeglasses and eye care are 7.68% higher in 2023 versus 2017 (a $7.68 difference in value).

Between 2017 and 2023: Eye care experienced an average inflation rate of 1.24% per year. In other words, eye care costing $100 in the year 2017 would cost $107.68 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for eye care was lower.

In the year 2017: Pricing changed by 0.18%, which is below the average yearly change for eye care during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), inflation for eye care was lower.

Price Inflation for Eyeglasses and eye care since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1988 (5.07%), 1990 (4.41%), and 1992 (4.16%).

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Buying power of $100.00 since 2017

Below are calculations of equivalent buying power for Eye care, over time, for $100 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2017	$100.00	0.18%
2018	$101.23	1.23%
2019	$102.20	0.96%
2020	$103.01	0.79%
2021	$103.57	0.54%
2022	$106.08	2.42%
2023	$107.68	1.51%*

* 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:

Year	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	103.462	108.708	112.362	117.315	121.900	126.977	130.362	133.008	137.038	139.300	141.454	144.077	145.469	149.738	154.523	155.515	155.931	159.308	163.238	168.123	171.619	174.107	175.468	176.650	178.252	179.855	180.775	183.920	183.960	186.970	187.301	189.609	191.429	192.940	193.985	198.680	201.678

Adjust eye care prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2017 * 2017 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Eyeglasses and eye care was 187.301 in the year 2017 and 201.678 in 2023:

201.678 / 187.301 * $100 = $107.68

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2017 has the same "purchasing power" as $107.68 in 2023 (in the CPI category of Eyeglasses and eye care).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Eyeglasses and eye care in 1986. In addition to eye care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.