Showing posts with label medical inflation. Show all posts
Showing posts with label medical inflation. Show all posts

Friday, October 19, 2012

Chart of the Day: Education and Medical Care Inflation in the US

Speaking of the US education bubble, the chart below demonstrates of the runaway inflation in tuition and education related fees.

Another area where price inflation has been surging is in Medical care
image

Explains Dr. Ed Yardeni at his blog
If you are looking for out-of-control inflation in the US, look no further than the college and hospital next door.The CPI data show that college tuition and fees have increased 1,036% since January 1979 vs. 546% for Medical Care Goods & Services vs. 238% for the overall CPI. In other words, college costs have more than quadrupled relative to the CPI over this period, while Medical Care has more than doubled relative to the CPI.