According to the U.S. Bureau of Labor Statistics, prices for services by other medical professionals are 141.40% higher in 2024 versus 1988 (a $28.28 difference in value).
Between 1988 and 2024: Services by other medical professionals experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, services by other medical professionals costing $20 in the year 1988 would cost $48.28 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for services by other medical professionals was lower.
In the year 1988: Pricing changed by 5.76%, which is significantly above the average yearly change for services by other medical professionals during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for services by other medical professionals was higher.
Below are calculations of equivalent buying power for Services by other medical professionals, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $20.00 | 5.76% |
| 1989 | $21.09 | 5.43% |
| 1990 | $22.19 | 5.26% |
| 1991 | $23.38 | 5.35% |
| 1992 | $24.33 | 4.03% |
| 1993 | $25.09 | 3.15% |
| 1994 | $26.10 | 4.00% |
| 1995 | $26.58 | 1.84% |
| 1996 | $27.07 | 1.84% |
| 1997 | $28.04 | 3.61% |
| 1998 | $28.70 | 2.34% |
| 1999 | $29.31 | 2.13% |
| 2000 | $29.90 | 2.01% |
| 2001 | $30.90 | 3.35% |
| 2002 | $31.73 | 2.70% |
| 2003 | $32.70 | 3.04% |
| 2004 | $33.59 | 2.73% |
| 2005 | $34.50 | 2.70% |
| 2006 | $35.49 | 2.87% |
| 2007 | $36.46 | 2.73% |
| 2008 | $37.95 | 4.09% |
| 2009 | $38.74 | 2.09% |
| 2010 | $39.59 | 2.19% |
| 2011 | $40.16 | 1.43% |
| 2012 | $40.56 | 1.00% |
| 2013 | $41.25 | 1.70% |
| 2014 | $41.81 | 1.37% |
| 2015 | $42.15 | 0.82% |
| 2016 | $42.65 | 1.19% |
| 2017 | $43.70 | 2.44% |
| 2018 | $43.84 | 0.32% |
| 2019 | $44.18 | 0.78% |
| 2020 | $44.71 | 1.21% |
| 2021 | $45.79 | 2.41% |
| 2022 | $47.67 | 4.10% |
| 2023 | $47.78 | 0.23% |
| 2024 | $48.28 | 1.05%* |
* 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 Services by other medical professionals:
| 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 | 102.392 | 108.292 | 114.177 | 120.177 | 126.608 | 131.715 | 135.862 | 141.300 | 143.900 | 146.554 | 151.838 | 155.385 | 158.700 | 161.892 | 167.315 | 171.831 | 177.062 | 181.892 | 186.800 | 192.162 | 197.414 | 205.492 | 209.779 | 214.370 | 217.435 | 219.608 | 223.342 | 226.393 | 228.246 | 230.958 | 236.592 | 237.355 | 239.204 | 242.106 | 247.948 | 258.105 | 258.694 | 261.419 |