According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 796.63% higher in 2018 versus 1955 (a $159,326.46 difference in value).
Between 1955 and 2018: Medical care commodities experienced an average inflation rate of 3.54% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $20,000 in the year 1955 would cost $179,326.46 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for medical care commodities was lower.
In the year 1955: Pricing changed by 1.19%, which is below the average yearly change for medical care commodities during the 1955-2018 time period. Compared to inflation for all items in 1955 (-0.29%), inflation for medical care commodities was higher.
Below are calculations of equivalent buying power for Medical care commodities, over time, for $20,000 beginning in 1955. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1955 | $20,000.00 | 1.19% |
1956 | $20,432.53 | 2.16% |
1957 | $21,015.51 | 2.85% |
1958 | $21,711.33 | 3.31% |
1959 | $22,021.63 | 1.43% |
1960 | $22,031.03 | 0.04% |
1961 | $21,777.15 | -1.15% |
1962 | $21,410.44 | -1.68% |
1963 | $21,241.18 | -0.79% |
1964 | $21,203.57 | -0.18% |
1965 | $21,144.80 | -0.28% |
1966 | $21,203.57 | 0.28% |
1967 | $21,116.78 | -0.41% |
1968 | $21,145.71 | 0.14% |
1969 | $21,359.08 | 1.01% |
1970 | $21,840.08 | 2.25% |
1971 | $22,227.04 | 1.77% |
1972 | $22,277.68 | 0.23% |
1973 | $22,339.16 | 0.28% |
1974 | $23,116.70 | 3.48% |
1975 | $25,058.77 | 8.40% |
1976 | $26,574.08 | 6.05% |
1977 | $28,288.31 | 6.45% |
1978 | $30,277.39 | 7.03% |
1979 | $32,436.44 | 7.13% |
1980 | $35,467.07 | 9.34% |
1981 | $39,340.35 | 10.92% |
1982 | $43,387.22 | 10.29% |
1983 | $47,097.75 | 8.55% |
1984 | $50,551.52 | 7.33% |
1985 | $54,146.32 | 7.11% |
1986 | $57,708.58 | 6.58% |
1987 | $61,567.39 | 6.69% |
1988 | $65,791.47 | 6.86% |
1989 | $70,897.98 | 7.76% |
1990 | $76,821.81 | 8.36% |
1991 | $83,103.69 | 8.18% |
1992 | $88,412.72 | 6.39% |
1993 | $91,667.57 | 3.68% |
1994 | $94,358.25 | 2.94% |
1995 | $96,130.34 | 1.88% |
1996 | $98,907.82 | 2.89% |
1997 | $101,207.91 | 2.33% |
1998 | $104,289.18 | 3.04% |
1999 | $108,462.62 | 4.00% |
2000 | $111,956.17 | 3.22% |
2001 | $116,400.85 | 3.97% |
2002 | $120,552.60 | 3.57% |
2003 | $123,565.15 | 2.50% |
2004 | $126,595.78 | 2.45% |
2005 | $129,763.84 | 2.50% |
2006 | $134,411.05 | 3.58% |
2007 | $136,341.58 | 1.44% |
2008 | $139,184.44 | 2.09% |
2009 | $143,445.08 | 3.06% |
2010 | $147,962.71 | 3.15% |
2011 | $152,369.21 | 2.98% |
2012 | $156,844.74 | 2.94% |
2013 | $157,550.25 | 0.45% |
2014 | $161,458.25 | 2.48% |
2015 | $166,725.22 | 3.26% |
2016 | $172,440.45 | 3.43% |
2017 | $177,262.59 | 2.80% |
2018 | $179,326.46 | 1.16% |
2019 | $179,261.11 | -0.04% |
2020 | $180,141.15 | 0.49% |
2021 | $177,271.64 | -1.59% |
2022 | $182,467.80 | 2.93% |
2023 | $190,084.34 | 4.17% |
2024 | $191,848.85 | 0.93%* |
* 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 | 408.063 |