Professional services priced at $20 in 1980 $98.87 in 2020

Professional Services Inflation Calculator

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Prices for Professional Services, 1980-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for professional services were 394.35% higher in 2020 versus 1980 (a $78.87 difference in value).

Between 1980 and 2020: Professional services experienced an average inflation rate of 4.08% per year. This rate of change indicates significant inflation. In other words, professional services costing $20 in the year 1980 would cost $98.87 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for professional services was higher.

Price Inflation for Professional services since 1980

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (10.29%), 1982 (8.47%), and 1983 (7.16%).

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

Year 1980 1981 1982 1983 1984 1985 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
CPI 77.892 85.908 93.183 99.858 106.967 113.567 120.842 128.842 137.525 146.375 156.092 165.725 175.767 184.650 192.542 200.967 208.325 215.408 222.233 229.217 237.675 246.500 253.892 261.175 271.492 281.700 289.333 300.800 310.964 319.361 328.176 335.652 341.983 349.473 355.166 361.521 371.555 375.143 378.362 382.566 385.057

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Buying power of $20 since 1980

Below are calculations of equivalent buying power for Professional services, over time, for $20 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1980 $20.00 -
1981 $22.06 10.29%
1982 $23.93 8.47%
1983 $25.64 7.16%
1984 $27.47 7.12%
1985 $29.16 6.17%
1986 $31.03 6.41%
1987 $33.08 6.62%
1988 $35.31 6.74%
1989 $37.58 6.44%
1990 $40.08 6.64%
1991 $42.55 6.17%
1992 $45.13 6.06%
1993 $47.41 5.05%
1994 $49.44 4.27%
1995 $51.60 4.38%
1996 $53.49 3.66%
1997 $55.31 3.40%
1998 $57.06 3.17%
1999 $58.86 3.14%
2000 $61.03 3.69%
2001 $63.29 3.71%
2002 $65.19 3.00%
2003 $67.06 2.87%
2004 $69.71 3.95%
2005 $72.33 3.76%
2006 $74.29 2.71%
2007 $77.24 3.96%
2008 $79.85 3.38%
2009 $82.00 2.70%
2010 $84.26 2.76%
2011 $86.18 2.28%
2012 $87.81 1.89%
2013 $89.73 2.19%
2014 $91.19 1.63%
2015 $92.83 1.79%
2016 $95.40 2.78%
2017 $96.32 0.97%
2018 $97.15 0.86%
2019 $98.23 1.11%
2020 $98.87 0.65%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for professional services, 1980-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1980 * 1980 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Professional services was 77.892 in the year 1980 and 385.057 in 2020:

385.057 / 77.892 * $20 = $98.87

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1980 has the same "purchasing power" as $98.87 in 2020 (in the CPI category of Professional services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Professional services in 1980. In addition to professional services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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