According to the U.S. Bureau of Labor Statistics, prices for medical equipment and supplies are 11.48% higher in 2024 versus 2020 (a $2.30 difference in value).
Between 2020 and 2024: Medical equipment and supplies experienced an average inflation rate of 2.75% per year. This rate of change indicates significant inflation. In other words, medical equipment and supplies costing $20 in the year 2020 would cost $22.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for medical equipment and supplies was lower.
In the year 2020: Pricing changed by -2.74%, which is significantly below the average yearly change for medical equipment and supplies during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for medical equipment and supplies was much lower.
Below are calculations of equivalent buying power for Medical equipment and supplies, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -2.74% |
| 2021 | $19.37 | -3.17% |
| 2022 | $20.41 | 5.38% |
| 2023 | $21.99 | 7.77% |
| 2024 | $22.30 | 1.37%* |
* 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 Medical equipment and supplies:
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 99.077 | 99.347 | 100.584 | 101.022 | 100.473 | 99.740 | 99.272 | 99.587 | 100.159 | 102.184 | 99.381 | 96.230 | 101.411 | 109.291 | 110.789 |