According to the U.S. Bureau of Labor Statistics, prices for hospital services were 222.83% higher in 2019 versus 1998 (a $1,114.17 difference in value).
Between 1998 and 2019: Hospital services experienced an average inflation rate of 5.74% per year. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 1998 would cost $1,614.17 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for hospital services was significantly higher.
In the year 1998: Pricing changed by 3.20%, which is below the average yearly change for hospital services during the 1998-2019 time period. Compared to inflation for all items in 1998 (1.55%), inflation for hospital services was higher.
Below are calculations of equivalent buying power for Hospital services, over time, for $500 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $500.00 | 3.20% |
| 1999 | $520.84 | 4.17% |
| 2000 | $552.09 | 6.00% |
| 2001 | $589.01 | 6.69% |
| 2002 | $641.69 | 8.94% |
| 2003 | $689.49 | 7.45% |
| 2004 | $730.67 | 5.97% |
| 2005 | $769.73 | 5.35% |
| 2006 | $820.07 | 6.54% |
| 2007 | $874.47 | 6.63% |
| 2008 | $939.43 | 7.43% |
| 2009 | $1,003.96 | 6.87% |
| 2010 | $1,082.55 | 7.83% |
| 2011 | $1,149.18 | 6.16% |
| 2012 | $1,208.02 | 5.12% |
| 2013 | $1,264.64 | 4.69% |
| 2014 | $1,328.03 | 5.01% |
| 2015 | $1,382.24 | 4.08% |
| 2016 | $1,444.78 | 4.53% |
| 2017 | $1,515.81 | 4.92% |
| 2018 | $1,582.83 | 4.42% |
| 2019 | $1,614.17 | 1.98% |
| 2020 | $1,681.52 | 4.17% |
| 2021 | $1,731.93 | 3.00% |
| 2022 | $1,795.23 | 3.65% |
| 2023 | $1,868.13 | 4.06% |
| 2024 | $1,975.49 | 5.75% |
| 2025 | $2,062.65 | 4.41% |
| 2026 | $2,103.18 | 1.96%* |
* 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 Hospital services:
| Year | 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 | 2024 | 2025 | 2026 |
| CPI | 100.000 | 101.692 | 104.950 | 109.325 | 115.883 | 123.633 | 134.692 | 144.725 | 153.367 | 161.567 | 172.133 | 183.551 | 197.186 | 210.731 | 227.227 | 241.213 | 253.563 | 265.448 | 278.753 | 290.132 | 303.260 | 318.170 | 332.237 | 338.814 | 352.952 | 363.533 | 376.819 | 392.120 | 414.655 | 432.951 | 441.457 |