According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,057.04% higher in 2016 versus 1935 (a $190,266,726.52 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 $18,000,000 in the year 1935 would cost $208,266,726.52 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 $18,000,000 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 | $18,000,000.00 | - |
1936 | $17,943,217.67 | -0.32% |
1937 | $18,056,782.33 | 0.63% |
1938 | $18,170,347.00 | 0.63% |
1939 | $18,113,564.67 | -0.31% |
1940 | $18,056,782.33 | -0.31% |
1941 | $18,170,347.00 | 0.63% |
1942 | $18,624,605.68 | 2.50% |
1943 | $18,738,170.35 | 0.61% |
1944 | $18,908,517.35 | 0.91% |
1945 | $19,078,864.35 | 0.90% |
1946 | $19,419,558.36 | 1.79% |
1947 | $21,009,463.72 | 8.19% |
1948 | $21,963,406.94 | 4.54% |
1949 | $22,258,675.08 | 1.34% |
1950 | $22,576,656.15 | 1.43% |
1951 | $23,212,618.30 | 2.82% |
1952 | $23,394,321.77 | 0.78% |
1953 | $23,621,451.10 | 0.97% |
1954 | $23,871,293.38 | 1.06% |
1955 | $24,155,205.05 | 1.19% |
1956 | $24,677,602.52 | 2.16% |
1957 | $25,381,703.47 | 2.85% |
1958 | $26,222,082.02 | 3.31% |
1959 | $26,596,845.43 | 1.43% |
1960 | $26,608,201.89 | 0.04% |
1961 | $26,301,577.29 | -1.15% |
1962 | $25,858,675.08 | -1.68% |
1963 | $25,654,258.68 | -0.79% |
1964 | $25,608,832.81 | -0.18% |
1965 | $25,537,854.89 | -0.28% |
1966 | $25,608,832.81 | 0.28% |
1967 | $25,504,003.88 | -0.41% |
1968 | $25,538,946.86 | 0.14% |
1969 | $25,796,651.30 | 1.01% |
1970 | $26,377,578.26 | 2.25% |
1971 | $26,844,940.55 | 1.77% |
1972 | $26,906,090.75 | 0.23% |
1973 | $26,980,344.58 | 0.28% |
1974 | $27,919,437.03 | 3.48% |
1975 | $30,264,984.23 | 8.40% |
1976 | $32,095,122.54 | 6.05% |
1977 | $34,165,493.81 | 6.45% |
1978 | $36,567,823.34 | 7.03% |
1979 | $39,175,442.85 | 7.13% |
1980 | $42,835,719.49 | 9.34% |
1981 | $47,513,710.26 | 10.92% |
1982 | $52,401,358.89 | 10.29% |
1983 | $56,882,795.44 | 8.55% |
1984 | $61,054,113.08 | 7.33% |
1985 | $65,395,777.72 | 7.11% |
1986 | $69,698,131.52 | 6.58% |
1987 | $74,358,650.81 | 6.69% |
1988 | $79,460,325.16 | 6.86% |
1989 | $85,627,760.25 | 7.76% |
1990 | $92,782,334.38 | 8.36% |
1991 | $100,369,327.83 | 8.18% |
1992 | $106,781,363.75 | 6.39% |
1993 | $110,712,448.43 | 3.68% |
1994 | $113,962,145.11 | 2.94% |
1995 | $116,102,402.33 | 1.88% |
1996 | $119,456,927.93 | 2.89% |
1997 | $122,234,894.44 | 2.33% |
1998 | $125,956,321.28 | 3.04% |
1999 | $130,996,845.43 | 4.00% |
2000 | $135,216,209.66 | 3.22% |
2001 | $140,584,324.19 | 3.97% |
2002 | $145,598,641.11 | 3.57% |
2003 | $149,237,078.38 | 2.50% |
2004 | $152,897,355.01 | 2.45% |
2005 | $156,723,610.77 | 2.50% |
2006 | $162,336,326.13 | 3.58% |
2007 | $164,667,939.82 | 1.44% |
2008 | $168,101,436.54 | 2.09% |
2009 | $173,247,270.08 | 3.06% |
2010 | $178,703,484.59 | 3.15% |
2011 | $184,025,474.40 | 2.98% |
2012 | $189,430,846.88 | 2.94% |
2013 | $190,282,931.33 | 0.45% |
2014 | $195,002,853.68 | 2.48% |
2015 | $201,364,091.24 | 3.26% |
2016 | $208,266,726.52 | 3.43% |
2017 | $214,090,715.85 | 2.80% |
2018 | $216,583,372.97 | 1.16% |
2019 | $216,504,445.52 | -0.04% |
2020 | $217,567,323.47 | 0.49% |
2021 | $214,101,635.53 | -1.59% |
2022 | $220,377,350.16 | 2.93% |
2023 | $229,576,306.72 | 4.17% |
2024 | $231,869,526.81 | 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 |