Services by other medical professionals price inflation, 2023→2026

Services By Other Medical Professionals Inflation Calculator

Prices for Services By Other Medical Professionals, 2023-2026 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services by other medical professionals are 3.54% higher in 2026 versus 2023 (a $0.71 difference in value).

Between 2023 and 2026:Services by other medical professionals experienced an average inflation rate of 1.17% per year. In other words, services by other medical professionals costing $20 in the year 2023 would cost $20.71 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for services by other medical professionals was lower.

In the year 2023: Pricing changed by 0.23%, which is below the average yearly change for services by other medical professionals during the 2023-2026 time period. Compared to inflation for all items in 2023 (4.12%), inflation for services by other medical professionals was much 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 2023

Below are calculations of equivalent buying power for Services by other medical professionals, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	0.23%
2024	$20.23	1.13%
2025	$20.51	1.42%
2026	$20.71	0.94%*

* 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	2025	2026
CPI	100.000	102.392	108.292	114.175	120.175	126.608	131.717	135.858	141.300	143.900	146.550	151.842	155.383	158.700	161.892	167.317	171.833	177.058	181.892	186.800	192.158	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	258.104	258.694	261.624	265.342	267.845

Adjust services by other medical professionals prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2023* 2023 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Services by other medical professionals was 258.694 in the year 2023 and 267.845 in 2026:

267.845 / 258.694* $20 = $20.71

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.71 in 2026 (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.