Medical care priced at $1,000 in 2000 $1,818.02 in 2017

Historical Price Inflation for Medical care

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According to the U.S. Bureau of Labor Statistics, prices for medical care were 45% lower in 2000 versus 2017.

Medical care experienced an average inflation rate of 3.58% per year between 2000 and 2017. In other words, medical care costing $1,000 in the year 2000 would cost $1,818.02 in 2017 for an equivalent purchase.

Average 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:

Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017
CPI10.20010.20010.30010.30010.36010.36010.42010.74011.26011.58011.90012.56013.53814.37714.83815.11515.83816.70017.29217.82318.23818.90819.68520.62321.49222.25422.92323.53124.09224.58525.18526.30028.15429.86231.92333.95436.14637.31538.76242.36947.47751.99256.96261.76967.48574.87782.92392.546100.592106.854113.515122.038130.138138.638149.254162.800177.015190.069201.408211.015220.469228.223234.585242.131250.585260.754272.762285.600297.077310.131323.223336.185351.054364.065375.613388.436400.258414.924425.134435.292446.752463.675474.055

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 474.055 in 2017:

474.055 / 260.754 * $1,000 = $1,818.02

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $1,000 from 2000 is $1,818.02 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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