According to the U.S. Bureau of Labor Statistics, prices for services less medical care services are 771.19% higher in 2024 versus 1974 (a $154.24 difference in value).
Between 1974 and 2024: Services less medical care services experienced an average inflation rate of 4.42% per year. This rate of change indicates significant inflation. In other words, services less medical care services costing $20 in the year 1974 would cost $174.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for services less medical care services was higher.
In the year 1974: Pricing changed by 9.21%, which is significantly above the average yearly change for services less medical care services during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for services less medical care services was lower.
Below are calculations of equivalent buying power for Services less medical care services, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 9.21% |
| 1975 | $21.80 | 9.01% |
| 1976 | $23.53 | 7.93% |
| 1977 | $25.24 | 7.26% |
| 1978 | $27.40 | 8.58% |
| 1979 | $30.47 | 11.18% |
| 1980 | $35.30 | 15.85% |
| 1981 | $40.02 | 13.37% |
| 1982 | $43.51 | 8.73% |
| 1983 | $44.77 | 2.90% |
| 1984 | $47.08 | 5.15% |
| 1985 | $49.43 | 5.01% |
| 1986 | $51.72 | 4.63% |
| 1987 | $53.73 | 3.88% |
| 1988 | $56.08 | 4.37% |
| 1989 | $58.70 | 4.68% |
| 1990 | $61.74 | 5.17% |
| 1991 | $64.68 | 4.76% |
| 1992 | $66.95 | 3.50% |
| 1993 | $69.31 | 3.53% |
| 1994 | $71.47 | 3.11% |
| 1995 | $73.77 | 3.22% |
| 1996 | $76.12 | 3.19% |
| 1997 | $78.46 | 3.08% |
| 1998 | $80.49 | 2.59% |
| 1999 | $82.45 | 2.43% |
| 2000 | $85.22 | 3.36% |
| 2001 | $88.73 | 4.11% |
| 2002 | $91.37 | 2.98% |
| 2003 | $94.19 | 3.08% |
| 2004 | $96.77 | 2.74% |
| 2005 | $99.82 | 3.16% |
| 2006 | $103.59 | 3.78% |
| 2007 | $106.87 | 3.17% |
| 2008 | $110.55 | 3.44% |
| 2009 | $111.96 | 1.28% |
| 2010 | $112.61 | 0.58% |
| 2011 | $114.41 | 1.60% |
| 2012 | $116.63 | 1.94% |
| 2013 | $119.37 | 2.35% |
| 2014 | $122.49 | 2.61% |
| 2015 | $125.29 | 2.28% |
| 2016 | $128.69 | 2.71% |
| 2017 | $132.22 | 2.75% |
| 2018 | $135.97 | 2.84% |
| 2019 | $139.47 | 2.58% |
| 2020 | $141.92 | 1.76% |
| 2021 | $146.15 | 2.98% |
| 2022 | $155.57 | 6.45% |
| 2023 | $166.21 | 6.84% |
| 2024 | $174.24 | 4.83%* |
* 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 less medical care services:
| Year | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 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 | 22.840 | 23.640 | 24.240 | 25.000 | 25.460 | 25.880 | 26.320 | 26.800 | 27.420 | 28.400 | 29.400 | 30.940 | 33.225 | 35.585 | 37.469 | 38.923 | 40.585 | 44.323 | 48.315 | 52.146 | 55.931 | 60.731 | 67.523 | 78.223 | 88.685 | 96.431 | 99.223 | 104.331 | 109.554 | 114.623 | 119.069 | 124.277 | 130.092 | 136.823 | 143.338 | 148.362 | 153.600 | 158.385 | 163.477 | 168.692 | 173.885 | 178.385 | 182.723 | 188.869 | 196.638 | 202.500 | 208.731 | 214.454 | 221.223 | 229.577 | 236.847 | 244.987 | 248.122 | 249.569 | 253.554 | 258.479 | 264.546 | 271.455 | 277.656 | 285.187 | 293.018 | 301.327 | 309.096 | 314.522 | 323.885 | 344.760 | 368.351 | 386.139 |