Medical care priced at $1 in 2008 $1.27 in 2016

Medical Care Inflation Calculator


Prices for Medical Care, 2008-2016 ($1)

According to the U.S. Bureau of Labor Statistics, prices for medical care were 27.36% higher in 2016 versus 2008 (a $0.27 difference in value).

Between 2008 and 2016: Medical care experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, medical care costing $1 in the year 2008 would cost $1.27 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for medical care was higher.

In the year 2008: Pricing changed by 3.71%, which is above the average yearly change for medical care during the 2008-2016 time period. Compared to inflation for all items in 2008 (3.84%), inflation for medical care was lower.

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 2008

Below are calculations of equivalent buying power for Medical care, over time, for $1 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust medical care prices for inflation

Start with the inflation rate formula:

CPI in 2016 / CPI in 2008 * 2008 USD value = 2016 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 364.065 in the year 2008 and 463.675 in 2016:

463.675 / 364.065 * $1 = $1.27

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2008 has the same "purchasing power" as $1.27 in 2016 (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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