According to the U.S. Bureau of Labor Statistics, prices for medical care commodities were 1,102.80% higher in 2019 versus 1935 (a $11,028,024.75 difference in value).
Between 1935 and 2019: Medical care commodities experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, medical care commodities costing $1,000,000 in the year 1935 would cost $12,028,024.75 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for medical care commodities was lower.
Below are calculations of equivalent buying power for Medical care commodities, over time, for $1,000,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1935 | $1,000,000.00 | - |
1936 | $996,845.43 | -0.32% |
1937 | $1,003,154.57 | 0.63% |
1938 | $1,009,463.72 | 0.63% |
1939 | $1,006,309.15 | -0.31% |
1940 | $1,003,154.57 | -0.31% |
1941 | $1,009,463.72 | 0.63% |
1942 | $1,034,700.32 | 2.50% |
1943 | $1,041,009.46 | 0.61% |
1944 | $1,050,473.19 | 0.91% |
1945 | $1,059,936.91 | 0.90% |
1946 | $1,078,864.35 | 1.79% |
1947 | $1,167,192.43 | 8.19% |
1948 | $1,220,189.27 | 4.54% |
1949 | $1,236,593.06 | 1.34% |
1950 | $1,254,258.68 | 1.43% |
1951 | $1,289,589.91 | 2.82% |
1952 | $1,299,684.54 | 0.78% |
1953 | $1,312,302.84 | 0.97% |
1954 | $1,326,182.97 | 1.06% |
1955 | $1,341,955.84 | 1.19% |
1956 | $1,370,977.92 | 2.16% |
1957 | $1,410,094.64 | 2.85% |
1958 | $1,456,782.33 | 3.31% |
1959 | $1,477,602.52 | 1.43% |
1960 | $1,478,233.44 | 0.04% |
1961 | $1,461,198.74 | -1.15% |
1962 | $1,436,593.06 | -1.68% |
1963 | $1,425,236.59 | -0.79% |
1964 | $1,422,712.93 | -0.18% |
1965 | $1,418,769.72 | -0.28% |
1966 | $1,422,712.93 | 0.28% |
1967 | $1,416,889.10 | -0.41% |
1968 | $1,418,830.38 | 0.14% |
1969 | $1,433,147.29 | 1.01% |
1970 | $1,465,421.01 | 2.25% |
1971 | $1,491,385.59 | 1.77% |
1972 | $1,494,782.82 | 0.23% |
1973 | $1,498,908.03 | 0.28% |
1974 | $1,551,079.83 | 3.48% |
1975 | $1,681,388.01 | 8.40% |
1976 | $1,783,062.36 | 6.05% |
1977 | $1,898,082.99 | 6.45% |
1978 | $2,031,545.74 | 7.03% |
1979 | $2,176,413.49 | 7.13% |
1980 | $2,379,762.19 | 9.34% |
1981 | $2,639,650.57 | 10.92% |
1982 | $2,911,186.61 | 10.29% |
1983 | $3,160,155.30 | 8.55% |
1984 | $3,391,895.17 | 7.33% |
1985 | $3,633,098.76 | 7.11% |
1986 | $3,872,118.42 | 6.58% |
1987 | $4,131,036.16 | 6.69% |
1988 | $4,414,462.51 | 6.86% |
1989 | $4,757,097.79 | 7.76% |
1990 | $5,154,574.13 | 8.36% |
1991 | $5,576,073.77 | 8.18% |
1992 | $5,932,297.99 | 6.39% |
1993 | $6,150,691.58 | 3.68% |
1994 | $6,331,230.28 | 2.94% |
1995 | $6,450,133.46 | 1.88% |
1996 | $6,636,496.00 | 2.89% |
1997 | $6,790,827.47 | 2.33% |
1998 | $6,997,573.40 | 3.04% |
1999 | $7,277,602.52 | 4.00% |
2000 | $7,512,011.65 | 3.22% |
2001 | $7,810,240.23 | 3.97% |
2002 | $8,088,813.39 | 3.57% |
2003 | $8,290,948.80 | 2.50% |
2004 | $8,494,297.50 | 2.45% |
2005 | $8,706,867.27 | 2.50% |
2006 | $9,018,684.79 | 3.58% |
2007 | $9,148,218.88 | 1.44% |
2008 | $9,338,968.70 | 2.09% |
2009 | $9,624,848.34 | 3.06% |
2010 | $9,927,971.37 | 3.15% |
2011 | $10,223,637.47 | 2.98% |
2012 | $10,523,935.94 | 2.94% |
2013 | $10,571,273.96 | 0.45% |
2014 | $10,833,491.87 | 2.48% |
2015 | $11,186,893.96 | 3.26% |
2016 | $11,570,373.70 | 3.43% |
2017 | $11,893,928.66 | 2.80% |
2018 | $12,032,409.61 | 1.16% |
2019 | $12,028,024.75 | -0.04% |
2020 | $12,087,073.53 | 0.49% |
2021 | $11,894,535.31 | -1.59% |
2022 | $12,243,186.12 | 2.93% |
2023 | $12,754,239.26 | 4.17% |
2024 | $12,881,640.38 | 1.00%* |
* 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 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 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 |
CPI | 31.700 | 31.600 | 31.800 | 32.000 | 31.900 | 31.800 | 32.000 | 32.800 | 33.000 | 33.300 | 33.600 | 34.200 | 37.000 | 38.680 | 39.200 | 39.760 | 40.880 | 41.200 | 41.600 | 42.040 | 42.540 | 43.460 | 44.700 | 46.180 | 46.840 | 46.860 | 46.320 | 45.540 | 45.180 | 45.100 | 44.975 | 45.100 | 44.915 | 44.977 | 45.431 | 46.454 | 47.277 | 47.385 | 47.515 | 49.169 | 53.300 | 56.523 | 60.169 | 64.400 | 68.992 | 75.438 | 83.677 | 92.285 | 100.177 | 107.523 | 115.169 | 122.746 | 130.954 | 139.938 | 150.800 | 163.400 | 176.762 | 188.054 | 194.977 | 200.700 | 204.469 | 210.377 | 215.269 | 221.823 | 230.700 | 238.131 | 247.585 | 256.415 | 262.823 | 269.269 | 276.008 | 285.892 | 289.999 | 296.045 | 305.108 | 314.717 | 324.089 | 333.609 | 335.109 | 343.422 | 354.625 | 366.781 | 377.038 | 381.427 | 381.288 | 383.160 | 377.057 | 388.109 | 404.309 | 408.348 |