According to the U.S. Bureau of Labor Statistics, prices for inpatient hospital services were 3.42% higher in 2020 versus 2019 (a $0.68 difference in value).
Between 2019 and 2020: Inpatient hospital services experienced an average inflation rate of 3.42% per year. This rate of change indicates significant inflation. In other words, inpatient hospital services costing $20 in the year 2019 would cost $20.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.03% during this same period, inflation for inpatient hospital services was higher.
In the year 2019: Pricing changed by 1.76%, which is below the average yearly change for inpatient hospital services during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for inpatient hospital services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Inpatient hospital services:
Below are calculations of equivalent buying power for Inpatient hospital services, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|