Medical care priced at $1,000 in 2000 $1,855.33 in 2018

Historical Price Inflation for Medical care

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Prices for Medical Care, 2000-2018 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for medical care were 85.53% higher in 2018 versus 2000 (a $855.33 difference in value).

Between 2000 and 2018: Medical care experienced an average inflation rate of 3.49% per year. This rate of change indicates significant inflation. In other words, medical care costing $1,000 in the year 2000 would cost $1,855.33 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for medical care was higher.

In the year 2000: Pricing changed by 4.06%, which is above the average yearly change for medical care during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for medical care was higher.

Price Inflation for Medical care since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (9.07%), 1991 (8.72%), and 1989 (7.67%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medical care:

Year 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
CPI 106.867 113.500 122.033 130.133 138.633 149.267 162.800 177.000 190.067 201.400 211.000 220.500 228.233 234.600 242.133 250.600 260.767 272.767 285.600 297.100 310.133 323.233 336.200 351.054 364.065 375.613 388.436 400.258 414.924 425.134 435.292 446.752 463.675 475.322 483.808

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Buying power of $1000 since 2000

Below are calculations of equivalent buying power for Medical care, over time, for $1000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $1,000.00 4.06%
2001 $1,046.02 4.60%
2002 $1,095.23 4.70%
2003 $1,139.33 4.03%
2004 $1,189.31 4.39%
2005 $1,239.55 4.22%
2006 $1,289.28 4.01%
2007 $1,346.24 4.42%
2008 $1,396.13 3.71%
2009 $1,440.42 3.17%
2010 $1,489.59 3.41%
2011 $1,534.93 3.04%
2012 $1,591.17 3.66%
2013 $1,630.32 2.46%
2014 $1,669.28 2.39%
2015 $1,713.23 2.63%
2016 $1,778.12 3.79%
2017 $1,822.79 2.51%
2018 $1,855.33 1.79%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for medical care, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 260.767 in the year 2000 and 483.808 in 2018:

483.808 / 260.767 * $1,000 = $1,855.33

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 2000 has the same "purchasing power" as $1,855.33 in 2018 (in the CPI category of Medical care).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical care in 1984. 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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