Hospital and related services priced at $20 in 1978 $333.72 in 2020

Hospital And Related Services Inflation Calculator

$

Prices for Hospital And Related Services, 1978-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for hospital and related services were 1,568.59% higher in 2020 versus 1978 (a $313.72 difference in value).

Between 1978 and 2020: Hospital and related services experienced an average inflation rate of 6.93% per year. This rate of change indicates significant inflation. In other words, hospital and related services costing $20 in the year 1978 would cost $333.72 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.33% during this same period, inflation for hospital and related services was significantly higher.

Price Inflation for Hospital and related services since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (14.27%), 1982 (14.14%), and 1980 (13.46%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Hospital and related services:

Year 1978 1979 1980 1981 1982 1983 1984 1985 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
CPI 55.092 61.000 69.208 79.083 90.267 100.517 109.208 116.150 123.100 131.667 143.950 160.492 178.017 196.083 214.017 231.925 245.617 257.775 269.500 278.442 287.517 299.492 317.317 338.317 367.800 394.825 417.950 439.933 468.142 498.960 533.976 567.905 607.681 641.526 672.110 701.372 733.878 761.835 795.107 831.663 866.914 885.146 919.254

View price changes for other categories
Frankfurters · Electricity · Dental services · San Diego, California · More

Buying power of $20 since 1978

Below are calculations of equivalent buying power for Hospital and related services, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1978 $20.00 -
1979 $22.14 10.72%
1980 $25.12 13.46%
1981 $28.71 14.27%
1982 $32.77 14.14%
1983 $36.49 11.36%
1984 $39.65 8.65%
1985 $42.17 6.36%
1986 $44.69 5.98%
1987 $47.80 6.96%
1988 $52.26 9.33%
1989 $58.26 11.49%
1990 $64.63 10.92%
1991 $71.18 10.15%
1992 $77.69 9.15%
1993 $84.20 8.37%
1994 $89.17 5.90%
1995 $93.58 4.95%
1996 $97.84 4.55%
1997 $101.08 3.32%
1998 $104.38 3.26%
1999 $108.72 4.16%
2000 $115.20 5.95%
2001 $122.82 6.62%
2002 $133.52 8.71%
2003 $143.33 7.35%
2004 $151.73 5.86%
2005 $159.71 5.26%
2006 $169.95 6.41%
2007 $181.14 6.58%
2008 $193.85 7.02%
2009 $206.17 6.35%
2010 $220.61 7.00%
2011 $232.89 5.57%
2012 $244.00 4.77%
2013 $254.62 4.35%
2014 $266.42 4.63%
2015 $276.57 3.81%
2016 $288.65 4.37%
2017 $301.92 4.60%
2018 $314.72 4.24%
2019 $321.34 2.10%
2020 $333.72 3.85%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for hospital and related services, 1978-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1978 * 1978 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Hospital and related services was 55.092 in the year 1978 and 919.254 in 2020:

919.254 / 55.092 * $20 = $333.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $333.72 in 2020 (in the CPI category of Hospital and related services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Hospital and related services in 1978. In addition to hospital and related services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.