According to the U.S. Bureau of Labor Statistics, prices for services are 2,774.32% higher in 2026 versus 1947 (a $554.86 difference in value).
Between 1947 and 2026:Services experienced an average inflation rate of 4.34% per year. This rate of change indicates significant inflation. In other words, services costing $20 in the year 1947 would cost $574.86 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for services was higher.
In the year 1947: Pricing changed by 3.90%, which is below the average yearly change for services during the 1947-2026 time period. Compared to inflation for all items in 1947 (14.39%), inflation for services was much lower.
Below are calculations of equivalent buying power for Services, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1947 | $20.00 | 3.90% |
| 1948 | $21.27 | 6.36% |
| 1949 | $22.30 | 4.81% |
| 1950 | $22.98 | 3.06% |
| 1951 | $24.17 | 5.19% |
| 1952 | $25.32 | 4.75% |
| 1953 | $26.38 | 4.17% |
| 1954 | $27.25 | 3.32% |
| 1955 | $27.80 | 2.00% |
| 1956 | $28.56 | 2.74% |
| 1957 | $29.73 | 4.10% |
| 1958 | $30.85 | 3.78% |
| 1959 | $31.77 | 2.98% |
| 1960 | $32.78 | 3.18% |
| 1961 | $33.49 | 2.15% |
| 1962 | $34.11 | 1.87% |
| 1963 | $34.77 | 1.93% |
| 1964 | $35.42 | 1.86% |
| 1965 | $36.26 | 2.37% |
| 1966 | $37.61 | 3.73% |
| 1967 | $39.28 | 4.44% |
| 1968 | $41.32 | 5.18% |
| 1969 | $44.19 | 6.96% |
| 1970 | $47.81 | 8.18% |
| 1971 | $50.44 | 5.51% |
| 1972 | $52.41 | 3.90% |
| 1973 | $54.63 | 4.23% |
| 1974 | $59.75 | 9.38% |
| 1975 | $65.48 | 9.59% |
| 1976 | $70.86 | 8.23% |
| 1977 | $76.34 | 7.73% |
| 1978 | $82.86 | 8.54% |
| 1979 | $92.01 | 11.04% |
| 1980 | $106.18 | 15.40% |
| 1981 | $120.11 | 13.12% |
| 1982 | $130.98 | 9.04% |
| 1983 | $135.50 | 3.45% |
| 1984 | $142.62 | 5.26% |
| 1985 | $149.89 | 5.09% |
| 1986 | $157.35 | 4.98% |
| 1987 | $163.88 | 4.15% |
| 1988 | $171.35 | 4.56% |
| 1989 | $179.81 | 4.93% |
| 1990 | $189.77 | 5.54% |
| 1991 | $199.52 | 5.14% |
| 1992 | $207.32 | 3.91% |
| 1993 | $215.25 | 3.83% |
| 1994 | $222.40 | 3.32% |
| 1995 | $229.98 | 3.41% |
| 1996 | $237.42 | 3.24% |
| 1997 | $244.65 | 3.04% |
| 1998 | $251.18 | 2.67% |
| 1999 | $257.48 | 2.51% |
| 2000 | $266.32 | 3.43% |
| 2001 | $277.40 | 4.16% |
| 2002 | $286.10 | 3.14% |
| 2003 | $295.22 | 3.19% |
| 2004 | $303.81 | 2.91% |
| 2005 | $313.77 | 3.28% |
| 2006 | $325.73 | 3.81% |
| 2007 | $336.61 | 3.34% |
| 2008 | $348.41 | 3.50% |
| 2009 | $353.39 | 1.43% |
| 2010 | $356.28 | 0.82% |
| 2011 | $362.40 | 1.72% |
| 2012 | $370.06 | 2.11% |
| 2013 | $378.99 | 2.42% |
| 2014 | $388.81 | 2.59% |
| 2015 | $397.75 | 2.30% |
| 2016 | $409.02 | 2.83% |
| 2017 | $420.12 | 2.71% |
| 2018 | $431.74 | 2.77% |
| 2019 | $443.33 | 2.68% |
| 2020 | $452.70 | 2.11% |
| 2021 | $465.58 | 2.85% |
| 2022 | $494.44 | 6.20% |
| 2023 | $524.31 | 6.04% |
| 2024 | $549.90 | 4.88% |
| 2025 | $569.62 | 3.59% |
| 2026 | $574.86 | 0.92%* |
* 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:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 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 | 2025 | 2026 |
| CPI | 11.800 | 11.883 | 12.242 | 12.500 | 12.500 | 12.533 | 12.675 | 13.125 | 13.375 | 13.675 | 13.858 | 14.117 | 14.667 | 15.600 | 16.350 | 16.850 | 17.725 | 18.567 | 19.342 | 19.983 | 20.383 | 20.942 | 21.800 | 22.625 | 23.300 | 24.042 | 24.558 | 25.017 | 25.500 | 25.975 | 26.592 | 27.583 | 28.808 | 30.300 | 32.408 | 35.058 | 36.992 | 38.433 | 40.058 | 43.817 | 48.017 | 51.967 | 55.983 | 60.767 | 67.475 | 77.867 | 88.083 | 96.050 | 99.367 | 104.592 | 109.917 | 115.392 | 120.175 | 125.658 | 131.858 | 139.167 | 146.317 | 152.033 | 157.850 | 163.092 | 168.650 | 174.108 | 179.408 | 184.200 | 188.817 | 195.300 | 203.425 | 209.808 | 216.492 | 222.792 | 230.100 | 238.867 | 246.848 | 255.498 | 259.154 | 261.274 | 265.762 | 271.374 | 277.929 | 285.126 | 291.683 | 299.947 | 308.085 | 316.607 | 325.106 | 331.980 | 341.428 | 362.587 | 384.494 | 403.262 | 417.720 | 421.567 |