According to the U.S. Bureau of Labor Statistics, prices for medical equipment and supplies were 1.20% higher in 2020 versus 2018 (a $0.24 difference in value).
Between 2018 and 2020: Medical equipment and supplies experienced an average inflation rate of 0.60% per year. In other words, medical equipment and supplies costing $20 in the year 2018 would cost $20.24 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for medical equipment and supplies was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medical equipment and supplies:
Below are calculations of equivalent buying power for Medical equipment and supplies, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|