Commentary 6092 m
September, 2017 Data:
TARGET MONTH: October,2018
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.
Forecast-Chart is forecasting that Medical Care Inflation Rates will be roughly
1.65% over the next year. The table shows a HDTFA of 1.14% which suggests
that the inflation rate for medical care prices in the US for the 12 months ending
October, 2018 could easily fall between 2.79% and 0.51%. 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
Annual US Medical Care Inflation Rate
Last Month -1.0%
Last Year . . . . . . . . . . . . . . . . . . . . 1.6%
Last 5 Years 2.8%
Last 10 Years . . . . . . . . . . . . . . . . . 3.2%
Last 20 Years 3.6%
Annual Medical Care Inflation Rate: Highs & Lows
High (Last 12 Months) 4.3% (October, 2016)
Low (Last 12 Months) 1.6% (September, 2017)
High (Since January, 1948) 13.9% (April, 1975)
Low (Since January, 1948) 1.3% (August, 1950)
The annual Medical Care Inflation Rate for the 12 months ended in September,
2017 was 1.56%. That's 0.25% percent lower than the 12 months ended in
August, 2017 which inflated at a rate of 1.81%. It is 3.33% percent lower than
the 12 months ended in September, 2016 which inflated at a rate of 4.89%.
The sideways movement in inflation rates from August to September 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
October, 2017 that is close to 1.31%.
The USA Medical Care Inflation Rate one year ago was 4.89%. Over the last
year, inflation in the medical care price index was 1.56%. The average rate over
the last 10 years was 3.16%. 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'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 5.26%. The highest rate was 13.90%. The
lowest rate was 1.34%. The high was attained in the 12 months ended in April
of 1975. The low was achieved in the 12 months ended in August of 1950.
Recent rates experienced in the 12 months ended in September of 2017 are
low relative to the historical 5.26% 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'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
Updated Monday, November 6, 2017.
SignalTrend Inc. 2008 - 2017; All rights reserved.
|Inflation Rate for All Urban Consumers: Medical Care - 5 Year History
|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.