According to the U.S. Bureau of Labor Statistics, prices for inpatient hospital services are 292.07% higher in 2024 versus 1997 (a $58.41 difference in value).
Between 1997 and 2024: Inpatient hospital services experienced an average inflation rate of 5.19% per year. This rate of change indicates significant inflation. In other words, inpatient hospital services costing $20 in the year 1997 would cost $78.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for inpatient hospital services was higher.
In the year 1997: Pricing changed by 1.33%, which is significantly below the average yearly change for inpatient hospital services during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), inflation for inpatient hospital services was lower.
Below are calculations of equivalent buying power for Inpatient hospital services, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | 1.33% |
| 1998 | $20.52 | 2.59% |
| 1999 | $21.29 | 3.75% |
| 2000 | $22.46 | 5.48% |
| 2001 | $23.88 | 6.34% |
| 2002 | $25.90 | 8.45% |
| 2003 | $27.65 | 6.77% |
| 2004 | $29.24 | 5.74% |
| 2005 | $30.91 | 5.74% |
| 2006 | $33.05 | 6.92% |
| 2007 | $35.14 | 6.33% |
| 2008 | $37.66 | 7.15% |
| 2009 | $40.18 | 6.70% |
| 2010 | $43.72 | 8.82% |
| 2011 | $46.69 | 6.79% |
| 2012 | $49.11 | 5.17% |
| 2013 | $51.26 | 4.39% |
| 2014 | $54.20 | 5.73% |
| 2015 | $56.26 | 3.81% |
| 2016 | $59.15 | 5.13% |
| 2017 | $61.68 | 4.27% |
| 2018 | $64.05 | 3.85% |
| 2019 | $65.18 | 1.76% |
| 2020 | $67.61 | 3.73% |
| 2021 | $69.44 | 2.71% |
| 2022 | $71.88 | 3.51% |
| 2023 | $74.58 | 3.76% |
| 2024 | $78.41 | 5.15%* |
* 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 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 | 2022 | 2023 | 2024 |
| 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 | 351.815 | 364.167 | 377.843 | 397.288 |