Medical care priced at $1 in 2004 $1.04 in 2005

Medical Care Inflation Calculator

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Prices for Medical Care, 2004-2005 ($1)

According to the U.S. Bureau of Labor Statistics, prices for medical care were 4.22% higher in 2005 versus 2004 (a $0.04 difference in value).

Between 2004 and 2005: Medical care experienced an average inflation rate of 4.22% per year. This rate of change indicates significant inflation. In other words, medical care costing $1 in the year 2004 would cost $1.04 in 2005 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for medical care was higher.

In the year 2004: Pricing changed by 4.39%, which is above the average yearly change for medical care during the 2004-2005 time period. Compared to inflation for all items in 2004 (2.68%), 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 (12.06%), 1982 (11.60%), and 1980 (10.95%).

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Buying power of $1.00 since 2004

Below are calculations of equivalent buying power for Medical care, over time, for $1 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$1.004.39%
2005$1.044.22%
2006$1.084.01%
2007$1.134.42%
2008$1.173.71%
2009$1.213.17%
2010$1.253.41%
2011$1.293.04%
2012$1.343.66%
2013$1.372.46%
2014$1.402.39%
2015$1.442.63%
2016$1.503.79%
2017$1.532.51%
2018$1.561.97%
2019$1.612.83%
2020$1.674.11%
2021$1.691.23%
2022$1.764.05%
2023$1.770.46%
2024$1.801.48%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI10.20010.20010.30010.30010.36010.36010.42010.74011.26011.58011.90012.56013.53814.37714.83815.11515.83816.70017.29217.82318.23818.90819.68520.62321.49222.25422.92323.53124.09224.58525.18526.30028.15429.86231.92333.95436.14637.31538.76242.36947.47751.99256.96261.76967.48574.87782.92392.546100.592106.854113.515122.038130.138138.638149.254162.800177.015190.069201.408211.015220.469228.223234.585242.131250.585260.754272.762285.600297.077310.131323.223336.185351.054364.065375.613388.436400.258414.924425.134435.292446.752463.675475.322484.707498.413518.876525.276546.554549.084557.226

Adjust medical care prices for inflation

Start with the inflation rate formula:

CPI in 2005 / CPI in 2004 * 2004 USD value = 2005 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 310.131 in the year 2004 and 323.223 in 2005:

323.223 / 310.131 * $1 = $1.04

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2004 has the same "purchasing power" as $1.04 in 2005 (in the CPI 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 goods and services.

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