According to the U.S. Bureau of Labor Statistics, prices for outpatient hospital services are 782.07% higher in 2024 versus 1987 (a $156.41 difference in value).
Between 1987 and 2024: Outpatient hospital services experienced an average inflation rate of 6.06% per year. This rate of change indicates significant inflation. In other words, outpatient hospital services costing $20 in the year 1987 would cost $176.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for outpatient hospital services was significantly higher.
In the year 1987: Pricing changed by 3.33%, which is below the average yearly change for outpatient hospital services during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation for outpatient hospital services was lower.
Below are calculations of equivalent buying power for Outpatient hospital services, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1987 | $20.00 | 3.33% |
1988 | $21.78 | 8.89% |
1989 | $24.14 | 10.86% |
1990 | $26.85 | 11.19% |
1991 | $29.69 | 10.59% |
1992 | $32.65 | 9.96% |
1993 | $35.67 | 9.27% |
1994 | $37.75 | 5.81% |
1995 | $39.59 | 4.89% |
1996 | $41.62 | 5.13% |
1997 | $43.52 | 4.56% |
1998 | $45.13 | 3.69% |
1999 | $47.61 | 5.51% |
2000 | $51.06 | 7.23% |
2001 | $54.42 | 6.58% |
2002 | $59.96 | 10.19% |
2003 | $65.41 | 9.09% |
2004 | $68.96 | 5.43% |
2005 | $72.19 | 4.69% |
2006 | $76.45 | 5.90% |
2007 | $82.11 | 7.40% |
2008 | $88.42 | 7.69% |
2009 | $94.96 | 7.39% |
2010 | $100.75 | 6.10% |
2011 | $105.85 | 5.05% |
2012 | $111.10 | 4.97% |
2013 | $116.46 | 4.82% |
2014 | $121.73 | 4.53% |
2015 | $126.43 | 3.86% |
2016 | $130.14 | 2.94% |
2017 | $136.61 | 4.97% |
2018 | $142.39 | 4.23% |
2019 | $144.75 | 1.66% |
2020 | $149.34 | 3.17% |
2021 | $153.05 | 2.48% |
2022 | $157.87 | 3.15% |
2023 | $166.31 | 5.35% |
2024 | $176.41 | 6.08%* |
* 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 Outpatient hospital services:
Year | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 103.331 | 112.515 | 124.738 | 138.700 | 153.392 | 168.669 | 184.308 | 195.023 | 204.562 | 215.054 | 224.862 | 233.154 | 246.000 | 263.792 | 281.138 | 309.777 | 337.931 | 356.277 | 372.985 | 395.008 | 424.230 | 456.849 | 490.622 | 520.550 | 546.863 | 574.023 | 601.670 | 628.913 | 653.191 | 672.374 | 705.811 | 735.647 | 747.849 | 771.583 | 790.720 | 815.619 | 859.231 | 911.445 |