Medical care priced at $1,000 in 2013 $1,310.68 in 2024

Medical Care Inflation Calculator


Prices for Medical Care, 2013-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for medical care are 31.07% higher in 2024 versus 2013 (a $310.68 difference in value).

Between 2013 and 2024: Medical care experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, medical care costing $1,000 in the year 2013 would cost $1,310.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.58% during this same period, inflation for medical care was lower.

In the year 2013: Pricing changed by 2.46%, which is below the average yearly change for medical care during the 2013-2024 time period. Compared to inflation for all items in 2013 (1.46%), 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%).

View price changes for other categories
Housing · Minneapolis-St Paul, Minnesota · Denver, Colorado · Film and photographic supplies · More

Buying power of $1,000.00 since 2013

Below are calculations of equivalent buying power for Medical care, over time, for $1,000 beginning in 2013. 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 2024 / CPI in 2013 * 2013 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 425.134 in the year 2013 and 557.215 in 2024:

557.215 / 425.134 * $1,000 = $1,310.68

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 2013 has the same "purchasing power" as $1,310.68 in 2024 (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.

» Read more about inflation and investment.