According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,057.04% higher in 2016 versus 1935 (a $1,264,216,694.01 difference in value).
Between 1935 and 2016: Medical care commodities experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $119,600,000 in the year 1935 would cost $1,383,816,694.01 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for medical care commodities was lower.
Below are calculations of equivalent buying power for Medical care commodities, over time, for $119,600,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1935 | $119,600,000.00 | - |
1936 | $119,222,712.93 | -0.32% |
1937 | $119,977,287.07 | 0.63% |
1938 | $120,731,861.20 | 0.63% |
1939 | $120,354,574.13 | -0.31% |
1940 | $119,977,287.07 | -0.31% |
1941 | $120,731,861.20 | 0.63% |
1942 | $123,750,157.73 | 2.50% |
1943 | $124,504,731.86 | 0.61% |
1944 | $125,636,593.06 | 0.91% |
1945 | $126,768,454.26 | 0.90% |
1946 | $129,032,176.66 | 1.79% |
1947 | $139,596,214.51 | 8.19% |
1948 | $145,934,637.22 | 4.54% |
1949 | $147,896,529.97 | 1.34% |
1950 | $150,009,337.54 | 1.43% |
1951 | $154,234,952.68 | 2.82% |
1952 | $155,442,271.29 | 0.78% |
1953 | $156,951,419.56 | 0.97% |
1954 | $158,611,482.65 | 1.06% |
1955 | $160,497,917.98 | 1.19% |
1956 | $163,968,958.99 | 2.16% |
1957 | $168,647,318.61 | 2.85% |
1958 | $174,231,167.19 | 3.31% |
1959 | $176,721,261.83 | 1.43% |
1960 | $176,796,719.24 | 0.04% |
1961 | $174,759,369.09 | -1.15% |
1962 | $171,816,529.97 | -1.68% |
1963 | $170,458,296.53 | -0.79% |
1964 | $170,156,466.88 | -0.18% |
1965 | $169,684,858.04 | -0.28% |
1966 | $170,156,466.88 | 0.28% |
1967 | $169,459,936.91 | -0.41% |
1968 | $169,692,113.56 | 0.14% |
1969 | $171,404,416.40 | 1.01% |
1970 | $175,264,353.31 | 2.25% |
1971 | $178,369,716.09 | 1.77% |
1972 | $178,776,025.24 | 0.23% |
1973 | $179,269,400.63 | 0.28% |
1974 | $185,509,148.26 | 3.48% |
1975 | $201,094,006.31 | 8.40% |
1976 | $213,254,258.68 | 6.05% |
1977 | $227,010,725.55 | 6.45% |
1978 | $242,972,870.66 | 7.03% |
1979 | $260,299,053.63 | 7.13% |
1980 | $284,619,558.36 | 9.34% |
1981 | $315,702,208.20 | 10.92% |
1982 | $348,177,917.98 | 10.29% |
1983 | $377,954,574.13 | 8.55% |
1984 | $405,670,662.46 | 7.33% |
1985 | $434,518,611.99 | 7.11% |
1986 | $463,105,362.78 | 6.58% |
1987 | $494,071,924.29 | 6.69% |
1988 | $527,969,716.09 | 6.86% |
1989 | $568,948,895.90 | 7.76% |
1990 | $616,487,066.25 | 8.36% |
1991 | $666,898,422.71 | 8.18% |
1992 | $709,502,839.12 | 6.39% |
1993 | $735,622,712.93 | 3.68% |
1994 | $757,215,141.96 | 2.94% |
1995 | $771,435,962.15 | 1.88% |
1996 | $793,724,921.14 | 2.89% |
1997 | $812,182,965.30 | 2.33% |
1998 | $836,909,779.18 | 3.04% |
1999 | $870,401,261.83 | 4.00% |
2000 | $898,436,593.06 | 3.22% |
2001 | $934,104,731.86 | 3.97% |
2002 | $967,422,082.02 | 3.57% |
2003 | $991,597,476.34 | 2.50% |
2004 | $1,015,917,981.07 | 2.45% |
2005 | $1,041,341,324.92 | 2.50% |
2006 | $1,078,634,700.32 | 3.58% |
2007 | $1,094,126,977.92 | 1.44% |
2008 | $1,116,940,656.15 | 2.09% |
2009 | $1,151,131,861.20 | 3.06% |
2010 | $1,187,385,375.39 | 3.15% |
2011 | $1,222,747,041.01 | 2.98% |
2012 | $1,258,662,738.17 | 2.94% |
2013 | $1,264,324,365.93 | 0.45% |
2014 | $1,295,685,627.76 | 2.48% |
2015 | $1,337,952,517.35 | 3.26% |
2016 | $1,383,816,694.01 | 3.43% |
2017 | $1,422,513,867.51 | 2.80% |
2018 | $1,439,076,189.27 | 1.16% |
2019 | $1,438,551,760.25 | -0.04% |
2020 | $1,445,613,993.69 | 0.49% |
2021 | $1,422,586,422.71 | -1.59% |
2022 | $1,464,285,059.94 | 2.93% |
2023 | $1,525,407,015.77 | 4.17% |
2024 | $1,540,644,189.27 | 1.00%* |
* 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 Medical care commodities:
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 |
CPI | 31.700 | 31.600 | 31.800 | 32.000 | 31.900 | 31.800 | 32.000 | 32.800 | 33.000 | 33.300 | 33.600 | 34.200 | 37.000 | 38.680 | 39.200 | 39.760 | 40.880 | 41.200 | 41.600 | 42.040 | 42.540 | 43.460 | 44.700 | 46.180 | 46.840 | 46.860 | 46.320 | 45.540 | 45.180 | 45.100 | 44.975 | 45.100 | 44.915 | 44.977 | 45.431 | 46.454 | 47.277 | 47.385 | 47.515 | 49.169 | 53.300 | 56.523 | 60.169 | 64.400 | 68.992 | 75.438 | 83.677 | 92.285 | 100.177 | 107.523 | 115.169 | 122.746 | 130.954 | 139.938 | 150.800 | 163.400 | 176.762 | 188.054 | 194.977 | 200.700 | 204.469 | 210.377 | 215.269 | 221.823 | 230.700 | 238.131 | 247.585 | 256.415 | 262.823 | 269.269 | 276.008 | 285.892 | 289.999 | 296.045 | 305.108 | 314.717 | 324.089 | 333.609 | 335.109 | 343.422 | 354.625 | 366.781 | 377.038 | 381.427 | 381.288 | 383.160 | 377.057 | 388.109 | 404.309 | 408.348 |