Table 14. National nursing home input price index compared with overall inflation in the economy: 1972-82.
| National Nursing Home Input Price Index1(1977 = 100.0) | Implicit price deflator for gross national product2(1972 = 100.0) | National nursing home input price index deflated by implicit price deflator for GNP | ||||
|---|---|---|---|---|---|---|
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| Calendar year | Level | Percent change | Level | Percent change | Level | Percent change |
| 1972 | 68.1 | ---- | 100.0 | --- | 68.1 | --- |
| 1973 | 71.9 | 5.6 | 105.7 | 5.8 | 68.0 | −0.2 |
| 1974 | 79.3 | 10.3 | 115.1 | 8.9 | 68.9 | 1.3 |
| 1975 | 86.9 | 9.6 | 125.7 | 9.2 | 69.1 | 0.3 |
| 1976 | 93.4 | 7.5 | 132.3 | 5.2 | 70.6 | 2.1 |
| 1977 | 100.0 | 7.1 | 140.0 | 5.8 | 71.4 | 1.2 |
| 1978 | 108.8 | 8.8 | 150.4 | 7.4 | 72.4 | 1.3 |
| 1979 | 118.6 | 9.0 | 163.4 | 8.7 | 72.6 | 0.3 |
| 1980 | 130.4 | 9.9 | 178.4 | 9.2 | 73.1 | 0.7 |
| 1981 | 143.6 | 10.1 | 195.1 | 9.4 | 73.6 | 0.7 |
| 1982 | 154.6 | 7.6 | 206.9 | 6.0 | 74.7 | 1.5 |
| Average annual percent change | ||||||
| Selected period | ||||||
| 1972-82 | --- | 8.5 | --- | 7.5 | --- | 0.9 |
1
For information on derivation of the National Nursing Home Input Price Index, see Fisher and Schendler (1980). For information on a related input price index used for Medicare reimbursement, see Health Care Financing Administration (1982).
2
The implicit price deflator for GNP is a widely used indicator of inflation for the overall economy.
SOURCE: Bureau of Data Management and Strategy, Health Care Financing Administration.