Medical care priced at $100 in 1960 $2,434.89 in 2022

Medical Care Inflation Calculator

$

Prices for Medical Care, 1960-2022 ($100)

According to the U.S. Bureau of Labor Statistics, prices for medical care are 2,334.89% higher in 2022 versus 1960 (a $2,334.89 difference in value).

Between 1960 and 2022: Medical care experienced an average inflation rate of 5.28% per year. This rate of change indicates significant inflation. In other words, medical care costing $100 in the year 1960 would cost $2,434.89 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation for medical care was higher.

In the year 1960: Pricing changed by 3.54%, which is below the average yearly change for medical care during the 1960-2022 time period. Compared to inflation for all items in 1960 (1.48%), 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
Bananas · Juices and nonalcoholic drinks · Milk · Rent of primary residence · More

Buying power of $100.00 since 1960

Below are calculations of equivalent buying power for Medical care, over time, for $100 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1960$100.003.54%
1961$103.013.01%
1962$105.742.65%
1963$108.262.39%
1964$110.472.04%
1965$113.172.44%
1966$118.184.43%
1967$126.517.05%
1968$134.196.07%
1969$143.456.90%
1970$152.586.36%
1971$162.436.46%
1972$167.683.23%
1973$174.183.88%
1974$190.399.31%
1975$213.3412.06%
1976$233.639.51%
1977$255.969.56%
1978$277.578.44%
1979$303.259.25%
1980$336.4710.95%
1981$372.6210.75%
1982$415.8711.60%
1983$452.028.69%
1984$480.166.22%
1985$510.096.23%
1986$548.397.51%
1987$584.796.64%
1988$622.996.53%
1989$670.697.66%
1990$731.569.08%
1991$795.448.73%
1992$854.107.37%
1993$905.055.97%
1994$948.224.77%
1995$990.704.48%
1996$1,025.543.52%
1997$1,054.132.79%
1998$1,088.043.22%
1999$1,126.033.49%
2000$1,171.724.06%
2001$1,225.684.60%
2002$1,283.374.71%
2003$1,334.954.02%
2004$1,393.614.39%
2005$1,452.444.22%
2006$1,510.684.01%
2007$1,577.504.42%
2008$1,635.963.71%
2009$1,687.863.17%
2010$1,745.483.41%
2011$1,798.603.04%
2012$1,864.503.66%
2013$1,910.392.46%
2014$1,956.032.39%
2015$2,007.532.63%
2016$2,083.573.79%
2017$2,135.912.51%
2018$2,178.081.97%
2019$2,239.672.83%
2020$2,331.624.11%
2021$2,360.381.23%
2022$2,434.893.16%*
* Not final. See inflation summary for latest details.

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

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.20010.20010.30010.30010.36010.36010.42010.74011.26011.58011.90012.56013.53814.37714.83815.11515.83816.70017.29217.82318.23818.90819.68520.62321.49222.25422.92323.53124.09224.58525.18526.30028.15429.86231.92333.95436.14637.31538.76242.36947.47751.99256.96261.76967.48574.87782.92392.546100.592106.854113.515122.038130.138138.638149.254162.800177.015190.069201.408211.015220.469228.223234.585242.131250.585260.754272.762285.600297.077310.131323.223336.185351.054364.065375.613388.436400.258414.924425.134435.292446.752463.675475.322484.707498.413518.876525.276541.857

Adjust medical care prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1960 * 1960 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 22.254 in the year 1960 and 541.857 in 2022:

541.857 / 22.254 * $100 = $2,434.89

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1960 has the same "purchasing power" as $2,434.89 in 2022 (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.