According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,102.80% higher in 2019 versus 1935 (a $22,056,049.50 difference in value).
Between 1935 and 2019: Medical care commodities experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $2,000,000 in the year 1935 would cost $24,056,049.50 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.54% 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 $2,000,000 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 | $2,000,000.00 | - |
1936 | $1,993,690.85 | -0.32% |
1937 | $2,006,309.15 | 0.63% |
1938 | $2,018,927.44 | 0.63% |
1939 | $2,012,618.30 | -0.31% |
1940 | $2,006,309.15 | -0.31% |
1941 | $2,018,927.44 | 0.63% |
1942 | $2,069,400.63 | 2.50% |
1943 | $2,082,018.93 | 0.61% |
1944 | $2,100,946.37 | 0.91% |
1945 | $2,119,873.82 | 0.90% |
1946 | $2,157,728.71 | 1.79% |
1947 | $2,334,384.86 | 8.19% |
1948 | $2,440,378.55 | 4.54% |
1949 | $2,473,186.12 | 1.34% |
1950 | $2,508,517.35 | 1.43% |
1951 | $2,579,179.81 | 2.82% |
1952 | $2,599,369.09 | 0.78% |
1953 | $2,624,605.68 | 0.97% |
1954 | $2,652,365.93 | 1.06% |
1955 | $2,683,911.67 | 1.19% |
1956 | $2,741,955.84 | 2.16% |
1957 | $2,820,189.27 | 2.85% |
1958 | $2,913,564.67 | 3.31% |
1959 | $2,955,205.05 | 1.43% |
1960 | $2,956,466.88 | 0.04% |
1961 | $2,922,397.48 | -1.15% |
1962 | $2,873,186.12 | -1.68% |
1963 | $2,850,473.19 | -0.79% |
1964 | $2,845,425.87 | -0.18% |
1965 | $2,837,539.43 | -0.28% |
1966 | $2,845,425.87 | 0.28% |
1967 | $2,833,778.21 | -0.41% |
1968 | $2,837,660.76 | 0.14% |
1969 | $2,866,294.59 | 1.01% |
1970 | $2,930,842.03 | 2.25% |
1971 | $2,982,771.17 | 1.77% |
1972 | $2,989,565.64 | 0.23% |
1973 | $2,997,816.06 | 0.28% |
1974 | $3,102,159.67 | 3.48% |
1975 | $3,362,776.03 | 8.40% |
1976 | $3,566,124.73 | 6.05% |
1977 | $3,796,165.98 | 6.45% |
1978 | $4,063,091.48 | 7.03% |
1979 | $4,352,826.98 | 7.13% |
1980 | $4,759,524.39 | 9.34% |
1981 | $5,279,301.14 | 10.92% |
1982 | $5,822,373.21 | 10.29% |
1983 | $6,320,310.60 | 8.55% |
1984 | $6,783,790.34 | 7.33% |
1985 | $7,266,197.52 | 7.11% |
1986 | $7,744,236.84 | 6.58% |
1987 | $8,262,072.31 | 6.69% |
1988 | $8,828,925.02 | 6.86% |
1989 | $9,514,195.58 | 7.76% |
1990 | $10,309,148.26 | 8.36% |
1991 | $11,152,147.54 | 8.18% |
1992 | $11,864,595.97 | 6.39% |
1993 | $12,301,383.16 | 3.68% |
1994 | $12,662,460.57 | 2.94% |
1995 | $12,900,266.93 | 1.88% |
1996 | $13,272,991.99 | 2.89% |
1997 | $13,581,654.94 | 2.33% |
1998 | $13,995,146.81 | 3.04% |
1999 | $14,555,205.05 | 4.00% |
2000 | $15,024,023.30 | 3.22% |
2001 | $15,620,480.47 | 3.97% |
2002 | $16,177,626.79 | 3.57% |
2003 | $16,581,897.60 | 2.50% |
2004 | $16,988,595.00 | 2.45% |
2005 | $17,413,734.53 | 2.50% |
2006 | $18,037,369.57 | 3.58% |
2007 | $18,296,437.76 | 1.44% |
2008 | $18,677,937.39 | 2.09% |
2009 | $19,249,696.68 | 3.06% |
2010 | $19,855,942.73 | 3.15% |
2011 | $20,447,274.93 | 2.98% |
2012 | $21,047,871.88 | 2.94% |
2013 | $21,142,547.93 | 0.45% |
2014 | $21,666,983.74 | 2.48% |
2015 | $22,373,787.92 | 3.26% |
2016 | $23,140,747.39 | 3.43% |
2017 | $23,787,857.32 | 2.80% |
2018 | $24,064,819.22 | 1.16% |
2019 | $24,056,049.50 | -0.04% |
2020 | $24,174,147.05 | 0.49% |
2021 | $23,789,070.61 | -1.59% |
2022 | $24,486,372.24 | 2.93% |
2023 | $25,508,478.52 | 4.17% |
2024 | $25,763,280.76 | 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 |