Professional services priced at $20 in 2000 $35.95 in 2024

Professional Services Inflation Calculator

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Prices for Professional Services, 2000-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for professional services are 79.77% higher in 2024 versus 2000 (a $15.95 difference in value).

Between 2000 and 2024: Professional services experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, professional services costing $20 in the year 2000 would cost $35.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for professional services was lower.

In the year 2000: Pricing changed by 3.70%, which is above the average yearly change for professional services during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation for professional services was higher.

Price Inflation for Professional services since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (11.09%), 1975 (10.96%), and 1981 (10.27%).

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Buying power of $20.00 since 2000

Below are calculations of equivalent buying power for Professional services, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$20.003.70%
2001$20.743.71%
2002$21.373.00%
2003$21.982.86%
2004$22.843.95%
2005$23.713.77%
2006$24.352.71%
2007$25.313.96%
2008$26.173.38%
2009$26.882.70%
2010$27.622.76%
2011$28.252.28%
2012$28.781.89%
2013$29.412.19%
2014$29.891.63%
2015$30.421.79%
2016$31.272.78%
2017$31.570.97%
2018$31.840.86%
2019$32.191.11%
2020$32.811.91%
2021$33.823.10%
2022$34.652.45%
2023$35.261.77%
2024$35.951.95%*

* 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 Professional services:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI30.90832.52334.72337.00039.41540.81542.16945.81550.83855.45459.97764.54670.11577.89285.89293.18599.846106.962113.554120.831128.838137.523146.385156.092165.723175.769184.654192.538200.962208.315215.415222.238229.200237.669246.492253.892261.162271.477281.700289.331300.792310.968319.372328.186335.666341.994349.468355.153361.514371.546375.138378.359382.563389.869401.939411.798419.068427.260

Adjust professional services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Professional services was 237.669 in the year 2000 and 427.260 in 2024:

427.260 / 237.669 * $20 = $35.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $35.95 in 2024 (in the CPI category of Professional services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Professional services in 1967. 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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