Medical care commodities priced at $1 in 1963 $1 in 1964

Medical Care Commodities Inflation Calculator

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Prices for Medical Care Commodities, 1963-1964 ($1)

According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 0.18% lower in 1964 versus 1963 (a $0 difference in value).

Between 1963 and 1964: Medical care commodities experienced an average inflation rate of -0.18% per year. In other words, medical care commodities costing $1 in the year 1963 would cost $1 in 1964 for an equivalent purchase. Compared to the overall inflation rate of 1.28% during this same period, inflation for medical care commodities was lower.

In the year 1963: Pricing changed by -0.79%, which is below the average yearly change for medical care commodities during the 1963-1964 time period. Compared to inflation for all items in 1963 (1.25%), inflation for medical care commodities was lower.

Price Inflation for Medical care commodities since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (10.92%), 1982 (10.29%), and 1980 (9.34%).

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Buying power of $1.00 since 1963

Below are calculations of equivalent buying power for Medical care commodities, over time, for $1 beginning in 1963. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1963$1.00-0.79%
1964$1.00-0.18%
1965$1.00-0.28%
1966$1.000.28%
1967$0.99-0.41%
1968$1.000.14%
1969$1.011.01%
1970$1.032.25%
1971$1.051.77%
1972$1.050.23%
1973$1.050.28%
1974$1.093.48%
1975$1.188.40%
1976$1.256.05%
1977$1.336.45%
1978$1.437.03%
1979$1.537.13%
1980$1.679.34%
1981$1.8510.92%
1982$2.0410.29%
1983$2.228.55%
1984$2.387.33%
1985$2.557.11%
1986$2.726.58%
1987$2.906.69%
1988$3.106.86%
1989$3.347.76%
1990$3.628.36%
1991$3.918.18%
1992$4.166.39%
1993$4.323.68%
1994$4.442.94%
1995$4.531.88%
1996$4.662.89%
1997$4.762.33%
1998$4.913.04%
1999$5.114.00%
2000$5.273.22%
2001$5.483.97%
2002$5.683.57%
2003$5.822.50%
2004$5.962.45%
2005$6.112.50%
2006$6.333.58%
2007$6.421.44%
2008$6.552.09%
2009$6.753.06%
2010$6.973.15%
2011$7.172.98%
2012$7.382.94%
2013$7.420.45%
2014$7.602.48%
2015$7.853.26%
2016$8.123.43%
2017$8.352.80%
2018$8.441.16%
2019$8.44-0.04%
2020$8.480.49%
2021$8.35-1.59%
2022$8.592.93%
2023$8.954.17%
2024$9.030.93%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI31.70031.60031.80032.00031.90031.80032.00032.80033.00033.30033.60034.20037.00038.68039.20039.76040.88041.20041.60042.04042.54043.46044.70046.18046.84046.86046.32045.54045.18045.10044.97545.10044.91544.97745.43146.45447.27747.38547.51549.16953.30056.52360.16964.40068.99275.43883.67792.285100.177107.523115.169122.746130.954139.938150.800163.400176.762188.054194.977200.700204.469210.377215.269221.823230.700238.131247.585256.415262.823269.269276.008285.892289.999296.045305.108314.717324.089333.609335.109343.422354.625366.781377.038381.427381.288383.160377.057388.109404.309408.063

Adjust medical care commodities prices for inflation

Start with the inflation rate formula:

CPI in 1964 / CPI in 1963 * 1963 USD value = 1964 USD value

Then plug in historical CPI values from above. The CPI for Medical care commodities was 45.180 in the year 1963 and 45.100 in 1964:

45.100 / 45.180 * $1 = $1

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1963 has the same "purchasing power" as $1 in 1964 (in the CPI category of Medical care commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical care commodities in 1935. In addition to medical care commodities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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