Outpatient hospital services price history from 2018 through 2019

Outpatient Hospital Services Inflation Calculator

Prices for Outpatient Hospital Services, 2018-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for outpatient hospital services were 1.66% higher in 2019 versus 2018 (a $0.33 difference in value).

Between 2018 and 2019: Outpatient hospital services experienced an average inflation rate of 1.66% per year. In other words, outpatient hospital services costing $20 in the year 2018 would cost $20.33 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for outpatient hospital services was lower.

Price Inflation for Outpatient hospital services since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: and 2019 (1.66%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Outpatient hospital services:

Year	2018	2019
CPI	735.647	747.849

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Outpatient hospital services, 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	$20.33	1.66%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for outpatient hospital services, 2018-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2018 * 2018 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Outpatient hospital services was 735.647 in the year 2018 and 747.849 in 2019:

747.849 / 735.647 * $20 = $20.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.33 in 2019 (in the CPI category of Outpatient hospital services).

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