Medical care commodities priced at $12,000,000 in 2006 $15,825,715.98 in 2017

Medical Care Commodities Inflation Calculator

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Prices for Medical Care Commodities, 2006-2017 ($12,000,000)

According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 31.88% higher in 2017 versus 2006 (a $3,825,715.98 difference in value).

Between 2006 and 2017: Medical care commodities experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $12,000,000 in the year 2006 would cost $15,825,715.98 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.79% during this same period, inflation for medical care commodities was higher.

In the year 2006: Pricing changed by 3.58%, which is above the average yearly change for medical care commodities during the 2006-2017 time period. Compared to inflation for all items in 2006 (3.23%), inflation for medical care commodities was higher.

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 $12,000,000.00 since 2006

Below are calculations of equivalent buying power for Medical care commodities, over time, for $12,000,000 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2006$12,000,000.003.58%
2007$12,172,354.301.44%
2008$12,426,160.472.09%
2009$12,806,543.623.06%
2010$13,209,870.313.15%
2011$13,603,275.042.98%
2012$14,002,843.462.94%
2013$14,065,830.060.45%
2014$14,414,729.592.48%
2015$14,884,956.143.26%
2016$15,395,203.143.43%
2017$15,825,715.982.80%
2018$16,009,974.711.16%
2019$16,004,140.34-0.04%
2020$16,082,708.930.49%
2021$15,826,523.17-1.59%
2022$16,290,427.812.93%
2023$16,970,420.284.17%
2024$17,127,952.970.93%*

* 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 2017 / CPI in 2006 * 2006 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Medical care commodities was 285.892 in the year 2006 and 377.038 in 2017:

377.038 / 285.892 * $12,000,000 = $15,825,715.98

Therefore, according to U.S. Bureau of Labor Statistics, $12,000,000 in 2006 has the same "purchasing power" as $15,825,715.98 in 2017 (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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