Medical care commodities price inflation, 2023→2026

Medical Care Commodities Inflation Calculator

Prices for Medical Care Commodities, 2023-2026 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medical care commodities are 3.18% higher in 2026 versus 2023 (a $0.64 difference in value).

Between 2023 and 2026:Medical care commodities experienced an average inflation rate of 1.05% per year. In other words, medical care commodities costing $20 in the year 2023 would cost $20.64 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for medical care commodities was lower.

In the year 2023: Pricing changed by 4.17%, which is significantly above the average yearly change for medical care commodities during the 2023-2026 time period. Compared to inflation for all items in 2023 (4.12%), inflation for medical care commodities was higher.

Price Inflation for Medical care commodities since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1981 (10.91%), 1982 (10.29%), and 1980 (9.35%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Medical care commodities, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	4.17%
2024	$20.42	2.11%
2025	$20.61	0.90%
2026	$20.64	0.15%*

* 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:

Year	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	2018	2019	2020	2021	2022	2023	2024	2025	2026
CPI	36.790	38.500	39.150	39.592	40.800	41.133	41.542	41.983	42.383	43.408	44.442	46.033	46.733	46.950	46.392	45.692	45.175	45.142	44.975	45.100	44.917	44.975	45.433	46.450	47.275	47.383	47.517	49.167	53.300	56.525	60.167	64.400	68.992	75.442	83.675	92.283	100.175	107.525	115.167	122.742	130.950	139.942	150.800	163.400	176.758	188.050	194.975	200.700	204.467	210.375	215.267	221.825	230.700	238.133	247.583	256.417	262.825	269.267	276.008	285.892	289.998	296.045	305.108	314.717	324.089	333.609	335.109	343.422	354.624	366.781	377.037	381.427	381.288	383.160	377.057	388.109	404.309	412.836	416.543	417.161

Adjust medical care commodities prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2023* 2023 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Medical care commodities was 404.309 in the year 2023 and 417.161 in 2026:

417.161 / 404.309* $20 = $20.64

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.64 in 2026 (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 1947. 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.