Inpatient hospital services priced at $20 in 1996 $69.71 in 2021

Inpatient Hospital Services Inflation Calculator

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Prices for Inpatient Hospital Services, 1996-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for inpatient hospital services were 248.57% higher in 2021 versus 1996 (a $49.71 difference in value).

Between 1996 and 2021: Inpatient hospital services experienced an average inflation rate of 5.12% per year. This rate of change indicates significant inflation. In other words, inpatient hospital services costing $20 in the year 1996 would cost $69.71 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for inpatient hospital services was higher.

Price Inflation for Inpatient hospital services since 1996

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2010 (8.82%), 2002 (8.45%), and 2008 (7.15%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Inpatient 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
CPI 100.000 101.331 103.954 107.854 113.769 120.977 131.200 140.077 148.123 156.623 167.454 178.060 190.789 203.564 221.525 236.566 248.793 259.724 274.609 285.067 299.701 312.493 324.533 330.236 342.548 348.570

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Buying power of $20 since 1996

Below are calculations of equivalent buying power for Inpatient hospital services, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1996 $20.00 -
1997 $20.27 1.33%
1998 $20.79 2.59%
1999 $21.57 3.75%
2000 $22.75 5.48%
2001 $24.20 6.34%
2002 $26.24 8.45%
2003 $28.02 6.77%
2004 $29.62 5.74%
2005 $31.32 5.74%
2006 $33.49 6.92%
2007 $35.61 6.33%
2008 $38.16 7.15%
2009 $40.71 6.70%
2010 $44.31 8.82%
2011 $47.31 6.79%
2012 $49.76 5.17%
2013 $51.94 4.39%
2014 $54.92 5.73%
2015 $57.01 3.81%
2016 $59.94 5.13%
2017 $62.50 4.27%
2018 $64.91 3.85%
2019 $66.05 1.76%
2020 $68.51 3.73%
2021 $69.71 1.76%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for inpatient hospital services, 1996-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1996 * 1996 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Inpatient hospital services was 100.000 in the year 1996 and 348.570 in 2021:

348.570 / 100.000 * $20 = $69.71

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $69.71 in 2021 (in the CPI category of Inpatient hospital services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Inpatient hospital services in 1996. In addition to inpatient hospital 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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