According to the U.S. Bureau of Labor Statistics, prices for hospital services were 222.82% higher in 2019 versus 1998 (a $1,114.11 difference in value).
Between 1998 and 2019: Hospital services experienced an average inflation rate of 5.74% per year. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 1998 would cost $1,614.11 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for hospital services was significantly higher.
In the year 1998: Pricing changed by 3.21%, which is below the average yearly change for hospital services during the 1998-2019 time period. Compared to inflation for all items in 1998 (1.55%), inflation for hospital services was higher.
Below are calculations of equivalent buying power for Hospital services, over time, for $500 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $500.00 | 3.21% |
| 1999 | $520.82 | 4.16% |
| 2000 | $552.07 | 6.00% |
| 2001 | $588.98 | 6.68% |
| 2002 | $641.67 | 8.95% |
| 2003 | $689.46 | 7.45% |
| 2004 | $730.65 | 5.97% |
| 2005 | $769.72 | 5.35% |
| 2006 | $820.03 | 6.54% |
| 2007 | $874.44 | 6.63% |
| 2008 | $939.39 | 7.43% |
| 2009 | $1,003.92 | 6.87% |
| 2010 | $1,082.51 | 7.83% |
| 2011 | $1,149.14 | 6.16% |
| 2012 | $1,207.97 | 5.12% |
| 2013 | $1,264.59 | 4.69% |
| 2014 | $1,327.98 | 5.01% |
| 2015 | $1,382.19 | 4.08% |
| 2016 | $1,444.73 | 4.53% |
| 2017 | $1,515.76 | 4.92% |
| 2018 | $1,582.77 | 4.42% |
| 2019 | $1,614.11 | 1.98% |
| 2020 | $1,681.46 | 4.17% |
| 2021 | $1,731.87 | 3.00% |
| 2022 | $1,793.72 | 3.57% |
| 2023 | $1,868.06 | 4.14% |
| 2024 | $1,974.42 | 5.69%* |
* 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 Hospital services:
| Year | 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 | 100.000 | 101.692 | 104.954 | 109.323 | 115.885 | 123.631 | 134.692 | 144.723 | 153.369 | 161.569 | 172.131 | 183.551 | 197.186 | 210.731 | 227.227 | 241.213 | 253.563 | 265.448 | 278.754 | 290.132 | 303.260 | 318.170 | 332.237 | 338.814 | 352.952 | 363.533 | 376.516 | 392.120 | 414.446 |