Hospital and related services priced at $20 in 1977 $363.45 in 2021

Hospital And Related Services Inflation Calculator

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Prices for Hospital And Related Services, 1977-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for hospital and related services were 1,717.23% higher in 2021 versus 1977 (a $343.45 difference in value).

Between 1977 and 2021: Hospital and related services experienced an average inflation rate of 6.81% per year. This rate of change indicates significant inflation. In other words, hospital and related services costing $20 in the year 1977 would cost $363.45 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for hospital and related services was significantly higher.

Price Inflation for Hospital and related services since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (14.27%), 1982 (14.14%), and 1980 (13.47%).

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

Year 1977 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 2021
CPI 51.800 55.077 60.992 69.208 79.085 90.269 100.531 109.208 116.138 123.100 131.646 143.938 160.485 178.000 196.092 214.008 231.923 245.608 257.769 269.492 278.431 287.515 299.492 317.308 338.292 367.762 394.800 417.900 439.877 468.092 498.922 533.953 567.879 607.679 641.488 672.078 701.344 733.841 761.853 795.127 831.696 866.942 885.160 921.079 941.327

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Buying power of $20 since 1977

Below are calculations of equivalent buying power for Hospital and related services, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1977 $20.00 -
1978 $21.27 6.33%
1979 $23.55 10.74%
1980 $26.72 13.47%
1981 $30.53 14.27%
1982 $34.85 14.14%
1983 $38.81 11.37%
1984 $42.17 8.63%
1985 $44.84 6.35%
1986 $47.53 5.99%
1987 $50.83 6.94%
1988 $55.57 9.34%
1989 $61.96 11.50%
1990 $68.73 10.91%
1991 $75.71 10.16%
1992 $82.63 9.14%
1993 $89.55 8.37%
1994 $94.83 5.90%
1995 $99.52 4.95%
1996 $104.05 4.55%
1997 $107.50 3.32%
1998 $111.01 3.26%
1999 $115.63 4.17%
2000 $122.51 5.95%
2001 $130.61 6.61%
2002 $141.99 8.71%
2003 $152.43 7.35%
2004 $161.35 5.85%
2005 $169.84 5.26%
2006 $180.73 6.41%
2007 $192.63 6.59%
2008 $206.16 7.02%
2009 $219.26 6.35%
2010 $234.63 7.01%
2011 $247.68 5.56%
2012 $259.49 4.77%
2013 $270.79 4.35%
2014 $283.34 4.63%
2015 $294.15 3.82%
2016 $307.00 4.37%
2017 $321.12 4.60%
2018 $334.73 4.24%
2019 $341.76 2.10%
2020 $355.63 4.06%
2021 $363.45 2.20%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for hospital and related services, 1977-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1977 * 1977 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Hospital and related services was 51.800 in the year 1977 and 941.327 in 2021:

941.327 / 51.800 * $20 = $363.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $363.45 in 2021 (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 1977. 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.

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