Commentary 6092 m
MEDICAL CARE INFLATION RATE
December, 2013 Data:
The forecast for the US Medical Care Inflation Rate is in the table at the top of
this page. Forecast-Chart.com is forecasting that Medical Care Inflation Rates
will be roughly 2.10% over the next year. The table shows a HDTFA of 1.18%
which suggests that the inflation rate for medical care prices in the US for the
12 months ending January, 2015 could easily fall between 3.28% and 0.92%.
Links to Forecasts for many other economic indicators may be found at the top
of this page. The medical care price index used in this article is the Consumer
Price Index for All Urban Consumers: Medical Care, hereinafter referred as the
medical care price index.
Annual US Medical Care Inflation Rate
Last Month -1.8%
Last Year . . . . . . . . . . . . . . . . . . . . 2.0%
Last 5 Years 3.2%
Last 10 Years . . . . . . . . . . . . . . . . . 3.7%
Last 20 Years 3.8%
Annual Medical Care Inflation Rate: Highs & Lows
High (Last 12 Months) 3.7% (February, 2013)
Low (Last 12 Months) 1.9% (July, 2013)
High (Since January, 1948) 13.9% (May, 1975)
Low (Since January, 1948) 1.3% (September, 1950)
The annual Medical Care Inflation Rate for the 12 months ended in December,
2013 was 2.01%. That's 0.16% percent lower than the 12 months ended in
November, 2013 which inflated at a rate of 2.17%. It is 1.39% percent lower
than the 12 months ended in December, 2012 which inflated at a rate of 3.41%.
The sideways movement in inflation rates from November to December
indicates that the short term inflation trend in medical care prices has been flat.
If that trend continues, we should see an inflation rate for the 12 months ended
in January, 2014 that is close to 1.86%.
The USA Medical Care Inflation Rate one year ago was 3.41%. Over the last
year, inflation in the medical care price index was 2.01%. The average rate over
the last 10 years was 3.68%. Lower inflation over the last 12 months compared
to the average inflation over the last 10 years serves as an indicator that the
long term trend in the Medical Care Inflation Rate is down. Inflation expectations
should be adjusted accordingly.
Forecast-Chart.com's historical research covers Medical Care Inflation Rate
data back to January, 1948. The average annual inflation rate in medical care
prices during that period of history was 5.40%. The highest rate was 13.90%.
The lowest rate was 1.34%. The high was attained in the 12 months ended in
May of 1975. The low was achieved in the 12 months ended in September of
1950. Recent rates experienced in the 12 months ended in December of 2013
are low relative to the historical 5.40% average.
This page provides a five year chart and a forecast for the US Medical Care
Inflation Rate. For links to longer term charts, look at the links under the five
year chart (above). One link opens a ten year chart. Another opens our longest
term graph on the Medical Care Inflation Rate. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of the financial markets.
The US Government's inflation economics policy attempts to control inflation.
High inflation and negative inflation (deflation) can have damaging effects on
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|Inflation Rate for All Urban Consumers: Medical Care - 5 Year History
|Medical Care Inflation Rate Forecast|
|Forecast for US Medical Care Inflation Rate for the year |
ending in the target month indicated based on the
Consumer Price Index for All Urban Consumers:
Medical Care, not seasonally adjusted.
|Updated Friday, January 17, 2014.|
|US Medical Care Cost Inflation
Current Analysis & Forecast: US Medical Care Inflation Rate
Annual US Inflation Rate for the cost of Medical Care is plotted monthly in gray (Consumer Price
Index for All Urban Consumers: Medical Care). The forecast for the target month is shown in green.
Other links related to this economic indicator are below.
1/09 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/16
|Forecasts, charts and analysis...