According to the U.S. Bureau of Labor Statistics, prices for medical equipment and supplies were 2.02% higher in 2019 versus 2018 (a $0.40 difference in value).
Between 2018 and 2019: Medical equipment and supplies experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, medical equipment and supplies costing $20 in the year 2018 would cost $20.40 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for medical equipment and supplies was higher.
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|