According to the U.S. Bureau of Labor Statistics, prices for services less medical care services are 1,590.63% higher in 2024 versus 1957 (a $318.13 difference in value).
Between 1957 and 2024: Services less medical care services experienced an average inflation rate of 4.31% per year. This rate of change indicates significant inflation. In other words, services less medical care services costing $20 in the year 1957 would cost $338.13 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for services less medical care services was higher.
Below are calculations of equivalent buying power for Services less medical care services, over time, for $20 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1957 | $20.00 | - |
1958 | $20.70 | 3.50% |
1959 | $21.23 | 2.54% |
1960 | $21.89 | 3.14% |
1961 | $22.29 | 1.84% |
1962 | $22.66 | 1.65% |
1963 | $23.05 | 1.70% |
1964 | $23.47 | 1.82% |
1965 | $24.01 | 2.31% |
1966 | $24.87 | 3.57% |
1967 | $25.74 | 3.52% |
1968 | $27.09 | 5.24% |
1969 | $29.09 | 7.39% |
1970 | $31.16 | 7.10% |
1971 | $32.81 | 5.30% |
1972 | $34.08 | 3.88% |
1973 | $35.54 | 4.27% |
1974 | $38.81 | 9.21% |
1975 | $42.31 | 9.01% |
1976 | $45.66 | 7.93% |
1977 | $48.98 | 7.26% |
1978 | $53.18 | 8.58% |
1979 | $59.13 | 11.18% |
1980 | $68.50 | 15.85% |
1981 | $77.66 | 13.37% |
1982 | $84.44 | 8.73% |
1983 | $86.89 | 2.90% |
1984 | $91.36 | 5.15% |
1985 | $95.93 | 5.01% |
1986 | $100.37 | 4.63% |
1987 | $104.26 | 3.88% |
1988 | $108.82 | 4.37% |
1989 | $113.92 | 4.68% |
1990 | $119.81 | 5.17% |
1991 | $125.52 | 4.76% |
1992 | $129.91 | 3.50% |
1993 | $134.50 | 3.53% |
1994 | $138.69 | 3.11% |
1995 | $143.15 | 3.22% |
1996 | $147.72 | 3.19% |
1997 | $152.26 | 3.08% |
1998 | $156.20 | 2.59% |
1999 | $160.00 | 2.43% |
2000 | $165.38 | 3.36% |
2001 | $172.19 | 4.11% |
2002 | $177.32 | 2.98% |
2003 | $182.78 | 3.08% |
2004 | $187.79 | 2.74% |
2005 | $193.72 | 3.16% |
2006 | $201.03 | 3.78% |
2007 | $207.40 | 3.17% |
2008 | $214.52 | 3.44% |
2009 | $217.27 | 1.28% |
2010 | $218.54 | 0.58% |
2011 | $222.03 | 1.60% |
2012 | $226.34 | 1.94% |
2013 | $231.65 | 2.35% |
2014 | $237.70 | 2.61% |
2015 | $243.13 | 2.28% |
2016 | $249.73 | 2.71% |
2017 | $256.58 | 2.75% |
2018 | $263.86 | 2.84% |
2019 | $270.66 | 2.58% |
2020 | $275.41 | 1.76% |
2021 | $283.61 | 2.98% |
2022 | $301.89 | 6.45% |
2023 | $322.55 | 6.84% |
2024 | $338.13 | 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 |