According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,103.24% higher in 2018 versus 1935 (a $6,619,445.77 difference in value).
Between 1935 and 2018: Medical care commodities experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $600,000 in the year 1935 would cost $7,219,445.77 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.56% 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 $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 | $600,000.00 | - |
1936 | $598,107.26 | -0.32% |
1937 | $601,892.74 | 0.63% |
1938 | $605,678.23 | 0.63% |
1939 | $603,785.49 | -0.31% |
1940 | $601,892.74 | -0.31% |
1941 | $605,678.23 | 0.63% |
1942 | $620,820.19 | 2.50% |
1943 | $624,605.68 | 0.61% |
1944 | $630,283.91 | 0.91% |
1945 | $635,962.15 | 0.90% |
1946 | $647,318.61 | 1.79% |
1947 | $700,315.46 | 8.19% |
1948 | $732,113.56 | 4.54% |
1949 | $741,955.84 | 1.34% |
1950 | $752,555.21 | 1.43% |
1951 | $773,753.94 | 2.82% |
1952 | $779,810.73 | 0.78% |
1953 | $787,381.70 | 0.97% |
1954 | $795,709.78 | 1.06% |
1955 | $805,173.50 | 1.19% |
1956 | $822,586.75 | 2.16% |
1957 | $846,056.78 | 2.85% |
1958 | $874,069.40 | 3.31% |
1959 | $886,561.51 | 1.43% |
1960 | $886,940.06 | 0.04% |
1961 | $876,719.24 | -1.15% |
1962 | $861,955.84 | -1.68% |
1963 | $855,141.96 | -0.79% |
1964 | $853,627.76 | -0.18% |
1965 | $851,261.83 | -0.28% |
1966 | $853,627.76 | 0.28% |
1967 | $850,133.46 | -0.41% |
1968 | $851,298.23 | 0.14% |
1969 | $859,888.38 | 1.01% |
1970 | $879,252.61 | 2.25% |
1971 | $894,831.35 | 1.77% |
1972 | $896,869.69 | 0.23% |
1973 | $899,344.82 | 0.28% |
1974 | $930,647.90 | 3.48% |
1975 | $1,008,832.81 | 8.40% |
1976 | $1,069,837.42 | 6.05% |
1977 | $1,138,849.79 | 6.45% |
1978 | $1,218,927.44 | 7.03% |
1979 | $1,305,848.10 | 7.13% |
1980 | $1,427,857.32 | 9.34% |
1981 | $1,583,790.34 | 10.92% |
1982 | $1,746,711.96 | 10.29% |
1983 | $1,896,093.18 | 8.55% |
1984 | $2,035,137.10 | 7.33% |
1985 | $2,179,859.26 | 7.11% |
1986 | $2,323,271.05 | 6.58% |
1987 | $2,478,621.69 | 6.69% |
1988 | $2,648,677.51 | 6.86% |
1989 | $2,854,258.68 | 7.76% |
1990 | $3,092,744.48 | 8.36% |
1991 | $3,345,644.26 | 8.18% |
1992 | $3,559,378.79 | 6.39% |
1993 | $3,690,414.95 | 3.68% |
1994 | $3,798,738.17 | 2.94% |
1995 | $3,870,080.08 | 1.88% |
1996 | $3,981,897.60 | 2.89% |
1997 | $4,074,496.48 | 2.33% |
1998 | $4,198,544.04 | 3.04% |
1999 | $4,366,561.51 | 4.00% |
2000 | $4,507,206.99 | 3.22% |
2001 | $4,686,144.14 | 3.97% |
2002 | $4,853,288.04 | 3.57% |
2003 | $4,974,569.28 | 2.50% |
2004 | $5,096,578.50 | 2.45% |
2005 | $5,224,120.36 | 2.50% |
2006 | $5,411,210.87 | 3.58% |
2007 | $5,488,931.33 | 1.44% |
2008 | $5,603,381.22 | 2.09% |
2009 | $5,774,909.00 | 3.06% |
2010 | $5,956,782.82 | 3.15% |
2011 | $6,134,182.48 | 2.98% |
2012 | $6,314,361.56 | 2.94% |
2013 | $6,342,764.38 | 0.45% |
2014 | $6,500,095.12 | 2.48% |
2015 | $6,712,136.37 | 3.26% |
2016 | $6,942,224.22 | 3.43% |
2017 | $7,136,357.19 | 2.80% |
2018 | $7,219,445.77 | 1.16% |
2019 | $7,216,814.85 | -0.04% |
2020 | $7,252,244.12 | 0.49% |
2021 | $7,136,721.18 | -1.59% |
2022 | $7,345,911.67 | 2.93% |
2023 | $7,652,543.56 | 4.17% |
2024 | $7,728,984.23 | 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 |