According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,014.88% higher in 2019 versus 1946 (a $1,014,878,317.59 difference in value).
Between 1946 and 2019: Medical care commodities experienced an average inflation rate of 3.36% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $100,000,000 in the year 1946 would cost $1,114,878,317.59 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.59% during this same period, inflation for medical care commodities was lower.
In the year 1946: Pricing changed by 1.79%, which is below the average yearly change for medical care commodities during the 1946-2019 time period. Compared to inflation for all items in 1946 (8.47%), inflation for medical care commodities was much lower.
Below are calculations of equivalent buying power for Medical care commodities, over time, for $100,000,000 beginning in 1946. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1946 | $100,000,000.00 | 1.79% |
1947 | $108,187,134.50 | 8.19% |
1948 | $113,099,415.20 | 4.54% |
1949 | $114,619,883.04 | 1.34% |
1950 | $116,257,309.94 | 1.43% |
1951 | $119,532,163.74 | 2.82% |
1952 | $120,467,836.26 | 0.78% |
1953 | $121,637,426.90 | 0.97% |
1954 | $122,923,976.61 | 1.06% |
1955 | $124,385,964.91 | 1.19% |
1956 | $127,076,023.39 | 2.16% |
1957 | $130,701,754.39 | 2.85% |
1958 | $135,029,239.77 | 3.31% |
1959 | $136,959,064.33 | 1.43% |
1960 | $137,017,543.86 | 0.04% |
1961 | $135,438,596.49 | -1.15% |
1962 | $133,157,894.74 | -1.68% |
1963 | $132,105,263.16 | -0.79% |
1964 | $131,871,345.03 | -0.18% |
1965 | $131,505,847.95 | -0.28% |
1966 | $131,871,345.03 | 0.28% |
1967 | $131,331,533.96 | -0.41% |
1968 | $131,511,470.99 | 0.14% |
1969 | $132,838,506.52 | 1.01% |
1970 | $135,829,959.51 | 2.25% |
1971 | $138,236,617.18 | 1.77% |
1972 | $138,551,506.97 | 0.23% |
1973 | $138,933,873.14 | 0.28% |
1974 | $143,769,680.61 | 3.48% |
1975 | $155,847,953.22 | 8.40% |
1976 | $165,272,154.75 | 6.05% |
1977 | $175,933,423.30 | 6.45% |
1978 | $188,304,093.57 | 7.03% |
1979 | $201,731,893.84 | 7.13% |
1980 | $220,580,296.90 | 9.34% |
1981 | $244,669,365.72 | 10.92% |
1982 | $269,838,056.68 | 10.29% |
1983 | $292,914,979.76 | 8.55% |
1984 | $314,394,961.76 | 7.33% |
1985 | $336,752,136.75 | 7.11% |
1986 | $358,906,882.59 | 6.58% |
1987 | $382,905,982.91 | 6.69% |
1988 | $409,176,788.12 | 6.86% |
1989 | $440,935,672.51 | 7.76% |
1990 | $477,777,777.78 | 8.36% |
1991 | $516,846,603.69 | 8.18% |
1992 | $549,865,047.23 | 6.39% |
1993 | $570,107,962.21 | 3.68% |
1994 | $586,842,105.26 | 2.94% |
1995 | $597,863,247.86 | 1.88% |
1996 | $615,137,201.98 | 2.89% |
1997 | $629,442,195.23 | 2.33% |
1998 | $648,605,488.08 | 3.04% |
1999 | $674,561,403.51 | 4.00% |
2000 | $696,288,798.92 | 3.22% |
2001 | $723,931,623.93 | 3.97% |
2002 | $749,752,586.59 | 3.57% |
2003 | $768,488,529.01 | 2.50% |
2004 | $787,336,932.07 | 2.45% |
2005 | $807,040,035.99 | 2.50% |
2006 | $835,942,420.15 | 3.58% |
2007 | $847,948,942.87 | 1.44% |
2008 | $865,629,554.66 | 2.09% |
2009 | $892,127,755.29 | 3.06% |
2010 | $920,224,246.51 | 3.15% |
2011 | $947,629,554.66 | 2.98% |
2012 | $975,464,237.52 | 2.94% |
2013 | $979,852,001.80 | 0.45% |
2014 | $1,004,156,995.05 | 2.48% |
2015 | $1,036,913,855.15 | 3.26% |
2016 | $1,072,458,614.48 | 3.43% |
2017 | $1,102,448,942.87 | 2.80% |
2018 | $1,115,284,750.34 | 1.16% |
2019 | $1,114,878,317.59 | -0.04% |
2020 | $1,120,351,551.96 | 0.49% |
2021 | $1,102,505,173.19 | -1.59% |
2022 | $1,134,821,637.43 | 2.93% |
2023 | $1,182,191,183.09 | 4.17% |
2024 | $1,194,000,000.00 | 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 |