Medical care priced at $1,000 in 2000 $1,820.25 in 2017

Historical Price Inflation for Medical care

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Prices for Medical Care, 2000-2017 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for medical care were 45.06% lower in 2000 versus 2017.

Medical care experienced an average inflation rate of 3.59% per year between 2000 and 2017. In other words, medical care costing $1,000 in the year 2000 would cost $1,820.25 in 2017 for an equivalent purchase.

Pricing changed by 3.90% in 2000, above the yearly average change for medical care during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.27%), price inflation for medical care was higher.

Price Inflation for Medical care since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (10.76%), 1982 (10.40%), and 1980 (9.87%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medical care:

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
CPI 10.200 10.200 10.300 10.300 10.360 10.360 10.420 10.740 11.260 11.580 11.900 12.560 13.538 14.377 14.838 15.115 15.838 16.700 17.292 17.823 18.238 18.908 19.685 20.623 21.492 22.254 22.923 23.531 24.092 24.585 25.185 26.300 28.154 29.862 31.923 33.954 36.146 37.315 38.762 42.369 47.477 51.992 56.962 61.769 67.485 74.877 82.923 92.546 100.592 106.854 113.515 122.038 130.138 138.638 149.254 162.800 177.015 190.069 201.408 211.015 220.469 228.223 234.585 242.131 250.585 260.754 272.762 285.600 297.077 310.131 323.223 336.185 351.054 364.065 375.613 388.436 400.258 414.924 425.134 435.292 446.752 463.675 474.638

View price changes for other categories
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How to calculate the inflation rate for medical care, 2000-2017

Start with the inflation rate formula:

CPI in 2017 / CPI in 2000 * 2000 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 260.754 in the year 2000 and 474.638 in 2017:

474.638 / 260.754 * $1,000 = $1,820.25

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $1,000 from 2000 is $1,820.25 in 2017 (in the category of Medical care).


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

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