Services by other medical professionals priced at $20 in 2005 $27.99 in 2024

Services By Other Medical Professionals Inflation Calculator

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Prices for Services By Other Medical Professionals, 2005-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services by other medical professionals are 39.95% higher in 2024 versus 2005 (a $7.99 difference in value).

Between 2005 and 2024: Services by other medical professionals experienced an average inflation rate of 1.78% per year. In other words, services by other medical professionals costing $20 in the year 2005 would cost $27.99 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for services by other medical professionals was lower.

In the year 2005: Pricing changed by 2.70%, which is above the average yearly change for services by other medical professionals during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation for services by other medical professionals was lower.

Price Inflation for Services by other medical professionals since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1988 (5.76%), 1989 (5.43%), and 1991 (5.35%).

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Buying power of $20.00 since 2005

Below are calculations of equivalent buying power for Services by other medical professionals, over time, for $20 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$20.002.70%
2006$20.572.87%
2007$21.142.73%
2008$22.004.09%
2009$22.462.09%
2010$22.952.19%
2011$23.281.43%
2012$23.511.00%
2013$23.911.70%
2014$24.241.37%
2015$24.440.82%
2016$24.731.19%
2017$25.332.44%
2018$25.410.32%
2019$25.610.78%
2020$25.921.21%
2021$26.552.41%
2022$27.634.10%
2023$27.700.23%
2024$27.991.05%*

* 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:

Year198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000102.392108.292114.177120.177126.608131.715135.862141.300143.900146.554151.838155.385158.700161.892167.315171.831177.062181.892186.800192.162197.414205.492209.779214.370217.435219.608223.342226.393228.246230.958236.592237.355239.204242.106247.948258.105258.694261.419

Adjust services by other medical professionals prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2005 * 2005 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Services by other medical professionals was 186.800 in the year 2005 and 261.419 in 2024:

261.419 / 186.800 * $20 = $27.99

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2005 has the same "purchasing power" as $27.99 in 2024 (in the CPI category of Services by other medical professionals).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services by other medical professionals in 1986. In addition to services by other medical professionals, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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