Medical care commodities priced at $1 in 1948 $1.03 in 1950

Medical Care Commodities Inflation Calculator

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Prices for Medical Care Commodities, 1948-1950 ($1)

According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 2.79% higher in 1950 versus 1948 (a $0.03 difference in value).

Between 1948 and 1950: Medical care commodities experienced an average inflation rate of 1.39% per year. In other words, medical care commodities costing $1 in the year 1948 would cost $1.03 in 1950 for an equivalent purchase. Compared to the overall inflation rate of 0.05% during this same period, inflation for medical care commodities was higher.

In the year 1948: Pricing changed by 4.54%, which is significantly above the average yearly change for medical care commodities during the 1948-1950 time period. Compared to inflation for all items in 1948 (7.72%), inflation for medical care commodities was much 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%).

View price changes for other categories
Educational books and supplies · San Francisco, California · Dental services · Hospital services · More

Buying power of $1.00 since 1948

Below are calculations of equivalent buying power for Medical care commodities, over time, for $1 beginning in 1948. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1948$1.004.54%
1949$1.011.34%
1950$1.031.43%
1951$1.062.82%
1952$1.070.78%
1953$1.080.97%
1954$1.091.06%
1955$1.101.19%
1956$1.122.16%
1957$1.162.85%
1958$1.193.31%
1959$1.211.43%
1960$1.210.04%
1961$1.20-1.15%
1962$1.18-1.68%
1963$1.17-0.79%
1964$1.17-0.18%
1965$1.16-0.28%
1966$1.170.28%
1967$1.16-0.41%
1968$1.160.14%
1969$1.171.01%
1970$1.202.25%
1971$1.221.77%
1972$1.230.23%
1973$1.230.28%
1974$1.273.48%
1975$1.388.40%
1976$1.466.05%
1977$1.566.45%
1978$1.667.03%
1979$1.787.13%
1980$1.959.34%
1981$2.1610.92%
1982$2.3910.29%
1983$2.598.55%
1984$2.787.33%
1985$2.987.11%
1986$3.176.58%
1987$3.396.69%
1988$3.626.86%
1989$3.907.76%
1990$4.228.36%
1991$4.578.18%
1992$4.866.39%
1993$5.043.68%
1994$5.192.94%
1995$5.291.88%
1996$5.442.89%
1997$5.572.33%
1998$5.733.04%
1999$5.964.00%
2000$6.163.22%
2001$6.403.97%
2002$6.633.57%
2003$6.792.50%
2004$6.962.45%
2005$7.142.50%
2006$7.393.58%
2007$7.501.44%
2008$7.652.09%
2009$7.893.06%
2010$8.143.15%
2011$8.382.98%
2012$8.622.94%
2013$8.660.45%
2014$8.882.48%
2015$9.173.26%
2016$9.483.43%
2017$9.752.80%
2018$9.861.16%
2019$9.86-0.04%
2020$9.910.49%
2021$9.75-1.59%
2022$10.032.93%
2023$10.454.17%
2024$10.550.93%*

* 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 1950 / CPI in 1948 * 1948 USD value = 1950 USD value

Then plug in historical CPI values from above. The CPI for Medical care commodities was 38.680 in the year 1948 and 39.760 in 1950:

39.760 / 38.680 * $1 = $1.03

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1948 has the same "purchasing power" as $1.03 in 1950 (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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