Services less medical care services priced at $20 in 1977 $138.27 in 2024

Services Less Medical Care Services Inflation Calculator

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Prices for Services Less Medical Care Services, 1977-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for services less medical care services are 591.37% higher in 2024 versus 1977 (a $118.27 difference in value).

Between 1977 and 2024: Services less medical care services experienced an average inflation rate of 4.20% per year. This rate of change indicates significant inflation. In other words, services less medical care services costing $20 in the year 1977 would cost $138.27 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for services less medical care services was higher.

In the year 1977: Pricing changed by 7.26%, which is significantly above the average yearly change for services less medical care services during the 1977-2024 time period. Compared to inflation for all items in 1977 (6.50%), inflation for services less medical care services was higher.

Price Inflation for Services less medical care services since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.85%), 1981 (13.37%), and 1979 (11.18%).

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Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Services less medical care services, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.007.26%
1978$21.728.58%
1979$24.1511.18%
1980$27.9715.85%
1981$31.7113.37%
1982$34.488.73%
1983$35.482.90%
1984$37.315.15%
1985$39.175.01%
1986$40.994.63%
1987$42.583.88%
1988$44.444.37%
1989$46.524.68%
1990$48.935.17%
1991$51.264.76%
1992$53.053.50%
1993$54.933.53%
1994$56.643.11%
1995$58.463.22%
1996$60.323.19%
1997$62.183.08%
1998$63.792.59%
1999$65.342.43%
2000$67.543.36%
2001$70.314.11%
2002$72.412.98%
2003$74.643.08%
2004$76.692.74%
2005$79.113.16%
2006$82.093.78%
2007$84.693.17%
2008$87.603.44%
2009$88.721.28%
2010$89.240.58%
2011$90.671.60%
2012$92.431.94%
2013$94.602.35%
2014$97.072.61%
2015$99.292.28%
2016$101.982.71%
2017$104.782.75%
2018$107.752.84%
2019$110.532.58%
2020$112.471.76%
2021$115.822.98%
2022$123.286.45%
2023$131.726.84%
2024$138.274.98%*

* 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:

Year19571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI22.84023.64024.24025.00025.46025.88026.32026.80027.42028.40029.40030.94033.22535.58537.46938.92340.58544.32348.31552.14655.93160.73167.52378.22388.68596.43199.223104.331109.554114.623119.069124.277130.092136.823143.338148.362153.600158.385163.477168.692173.885178.385182.723188.869196.638202.500208.731214.454221.223229.577236.847244.987248.122249.569253.554258.479264.546271.455277.656285.187293.018301.327309.096314.522323.885344.760368.351386.689

Adjust services less medical care services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1977 * 1977 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Services less medical care services was 55.931 in the year 1977 and 386.689 in 2024:

386.689 / 55.931 * $20 = $138.27

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $138.27 in 2024 (in the CPI category of Services less medical care services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Services less medical care services in 1957. In addition to services less medical care services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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