According to the U.S. Bureau of Labor Statistics, prices for services by other medical professionals are 84.89% higher in 2024 versus 1994 (a $16.98 difference in value).
Between 1994 and 2024: Services by other medical professionals experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, services by other medical professionals costing $20 in the year 1994 would cost $36.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for services by other medical professionals was lower.
In the year 1994: Pricing changed by 4%, which is above the average yearly change for services by other medical professionals during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), 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 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1994 | $20.00 | 4.00% |
1995 | $20.37 | 1.84% |
1996 | $20.74 | 1.84% |
1997 | $21.49 | 3.61% |
1998 | $21.99 | 2.34% |
1999 | $22.46 | 2.13% |
2000 | $22.91 | 2.01% |
2001 | $23.68 | 3.35% |
2002 | $24.32 | 2.70% |
2003 | $25.06 | 3.04% |
2004 | $25.75 | 2.73% |
2005 | $26.44 | 2.70% |
2006 | $27.20 | 2.87% |
2007 | $27.94 | 2.73% |
2008 | $29.09 | 4.09% |
2009 | $29.69 | 2.09% |
2010 | $30.34 | 2.19% |
2011 | $30.78 | 1.43% |
2012 | $31.08 | 1.00% |
2013 | $31.61 | 1.70% |
2014 | $32.04 | 1.37% |
2015 | $32.31 | 0.82% |
2016 | $32.69 | 1.19% |
2017 | $33.49 | 2.44% |
2018 | $33.60 | 0.32% |
2019 | $33.86 | 0.78% |
2020 | $34.27 | 1.21% |
2021 | $35.10 | 2.41% |
2022 | $36.53 | 4.10% |
2023 | $36.62 | 0.23% |
2024 | $36.98 | 0.99%* |
* 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 | 261.243 |