Medical care commodities priced at $1 in 2007 $1.02 in 2008

Medical Care Commodities Inflation Calculator

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Prices for Medical Care Commodities, 2007-2008 ($1)

According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 2.09% higher in 2008 versus 2007 (a $0.02 difference in value).

Between 2007 and 2008: Medical care commodities experienced an average inflation rate of 2.09% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $1 in the year 2007 would cost $1.02 in 2008 for an equivalent purchase. Compared to the overall inflation rate of 3.84% during this same period, inflation for medical care commodities was lower.

In the year 2007: Pricing changed by 1.44%, which is below the average yearly change for medical care commodities during the 2007-2008 time period. Compared to inflation for all items in 2007 (2.85%), 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 2007

Below are calculations of equivalent buying power for Medical care commodities, over time, for $1 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2007$1.001.44%
2008$1.022.09%
2009$1.053.06%
2010$1.093.15%
2011$1.122.98%
2012$1.152.94%
2013$1.160.45%
2014$1.182.48%
2015$1.223.26%
2016$1.263.43%
2017$1.302.80%
2018$1.321.16%
2019$1.31-0.04%
2020$1.320.49%
2021$1.30-1.59%
2022$1.342.93%
2023$1.394.17%
2024$1.410.93%*

* 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 2008 / CPI in 2007 * 2007 USD value = 2008 USD value

Then plug in historical CPI values from above. The CPI for Medical care commodities was 289.999 in the year 2007 and 296.045 in 2008:

296.045 / 289.999 * $1 = $1.02

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2007 has the same "purchasing power" as $1.02 in 2008 (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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