Medical equipment and supplies priced at $20 in 2018 $20.24 in 2020

Medical Equipment And Supplies Inflation Calculator


Prices for Medical Equipment And Supplies, 2018-2020 ($20)

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 1.46% during this same period, inflation for medical equipment and supplies was lower.

Price Inflation for Medical equipment and supplies since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (2.02%), and 2020 (-0.80%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medical equipment and supplies:

Year 2018 2019 2020
CPI 100.159 102.184 101.365

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Buying power of $20 since 2018

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
2018 $20.00 -
2019 $20.40 2.02%
2020 $20.24 -0.80%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for medical equipment and supplies, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Medical equipment and supplies was 100.159 in the year 2018 and 101.365 in 2020:

101.365 / 100.159 * $20 = $20.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.24 in 2020 (in the CPI category of Medical equipment and supplies).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical equipment and supplies in 2018. In addition to medical equipment and supplies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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