According to the U.S. Bureau of Labor Statistics, prices for medical care services were 5,879.04% higher in 2016 versus 1935 (a $58,790,425.28 difference in value).
Between 1935 and 2016: Medical care services experienced an average inflation rate of 5.18% per year. This rate of change indicates significant inflation. In other words, medical care services costing $1,000,000 in the year 1935 would cost $59,790,425.28 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for medical care services was higher.
Below are calculations of equivalent buying power for Medical care services, over time, for $1,000,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1935 | $1,000,000.00 | - |
1936 | $1,005,035.25 | 0.50% |
1937 | $1,015,105.74 | 1.00% |
1938 | $1,015,105.74 | 0.00% ** |
1939 | $1,024,773.41 | 0.95% |
1940 | $1,027,190.33 | 0.24% |
1941 | $1,029,607.25 | 0.24% |
1942 | $1,058,610.27 | 2.82% |
1943 | $1,116,616.31 | 5.48% |
1944 | $1,162,537.76 | 4.11% |
1945 | $1,193,957.70 | 2.70% |
1946 | $1,266,465.26 | 6.07% |
1947 | $1,375,226.59 | 8.59% |
1948 | $1,467,069.49 | 6.68% |
1949 | $1,515,407.85 | 3.29% |
1950 | $1,551,661.63 | 2.39% |
1951 | $1,629,003.02 | 4.98% |
1952 | $1,735,347.43 | 6.53% |
1953 | $1,793,353.47 | 3.34% |
1954 | $1,846,525.68 | 2.96% |
1955 | $1,904,531.72 | 3.14% |
1956 | $1,971,647.69 | 3.52% |
1957 | $2,056,239.83 | 4.29% |
1958 | $2,158,494.07 | 4.97% |
1959 | $2,262,607.48 | 4.82% |
1960 | $2,355,565.88 | 4.11% |
1961 | $2,442,017.20 | 3.67% |
1962 | $2,522,891.01 | 3.31% |
1963 | $2,597,257.73 | 2.95% |
1964 | $2,660,469.44 | 2.43% |
1965 | $2,743,202.42 | 3.11% |
1966 | $2,891,006.27 | 5.39% |
1967 | $3,142,923.54 | 8.71% |
1968 | $3,374,389.96 | 7.36% |
1969 | $3,646,758.08 | 8.07% |
1970 | $3,906,112.01 | 7.11% |
1971 | $4,190,564.72 | 7.28% |
1972 | $4,343,016.50 | 3.64% |
1973 | $4,536,369.97 | 4.45% |
1974 | $5,000,232.40 | 10.23% |
1975 | $5,630,490.36 | 12.60% |
1976 | $6,194,747.85 | 10.02% |
1977 | $6,810,132.47 | 9.93% |
1978 | $7,399,488.73 | 8.65% |
1979 | $8,118,986.75 | 9.72% |
1980 | $9,034,627.00 | 11.28% |
1981 | $10,003,253.54 | 10.72% |
1982 | $11,189,402.74 | 11.86% |
1983 | $12,166,395.54 | 8.73% |
1984 | $12,897,978.15 | 6.01% |
1985 | $13,676,969.56 | 6.04% |
1986 | $14,732,047.41 | 7.71% |
1987 | $15,704,392.28 | 6.60% |
1988 | $16,717,638.86 | 6.45% |
1989 | $17,993,028.12 | 7.63% |
1990 | $19,658,842.67 | 9.26% |
1991 | $21,399,953.52 | 8.86% |
1992 | $23,023,936.79 | 7.59% |
1993 | $24,521,496.63 | 6.50% |
1994 | $25,790,378.81 | 5.17% |
1995 | $27,091,796.42 | 5.05% |
1996 | $28,085,521.73 | 3.67% |
1997 | $28,891,471.07 | 2.87% |
1998 | $29,824,773.41 | 3.23% |
1999 | $30,823,146.64 | 3.35% |
2000 | $32,146,874.27 | 4.29% |
2001 | $33,687,194.98 | 4.79% |
2002 | $35,393,911.22 | 5.07% |
2003 | $36,975,133.63 | 4.47% |
2004 | $38,831,512.90 | 5.02% |
2005 | $40,686,033.00 | 4.78% |
2006 | $42,370,439.23 | 4.14% |
2007 | $44,628,649.78 | 5.33% |
2008 | $46,518,772.95 | 4.24% |
2009 | $48,011,982.34 | 3.21% |
2010 | $49,692,791.08 | 3.50% |
2011 | $51,215,756.45 | 3.06% |
2012 | $53,213,451.08 | 3.90% |
2013 | $54,864,875.67 | 3.10% |
2014 | $56,168,924.01 | 2.38% |
2015 | $57,543,351.15 | 2.45% |
2016 | $59,790,425.28 | 3.91% |
2017 | $61,245,233.56 | 2.43% |
2018 | $62,574,668.84 | 2.17% |
2019 | $64,790,601.91 | 3.54% |
2020 | $67,993,920.52 | 4.94% |
2021 | $69,256,332.79 | 1.86% |
2022 | $72,230,778.53 | 4.29% |
2023 | $71,980,227.75 | -0.35% |
2024 | $73,270,775.43 | 1.79%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medical care services:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 8.275 | 8.317 | 8.400 | 8.400 | 8.480 | 8.500 | 8.520 | 8.760 | 9.240 | 9.620 | 9.880 | 10.480 | 11.380 | 12.140 | 12.540 | 12.840 | 13.480 | 14.360 | 14.840 | 15.280 | 15.760 | 16.315 | 17.015 | 17.862 | 18.723 | 19.492 | 20.208 | 20.877 | 21.492 | 22.015 | 22.700 | 23.923 | 26.008 | 27.923 | 30.177 | 32.323 | 34.677 | 35.938 | 37.538 | 41.377 | 46.592 | 51.262 | 56.354 | 61.231 | 67.185 | 74.762 | 82.777 | 92.592 | 100.677 | 106.731 | 113.177 | 121.908 | 129.954 | 138.338 | 148.892 | 162.677 | 177.085 | 190.523 | 202.915 | 213.415 | 224.185 | 232.408 | 239.077 | 246.800 | 255.062 | 266.015 | 278.762 | 292.885 | 305.969 | 321.331 | 336.677 | 350.615 | 369.302 | 384.943 | 397.299 | 411.208 | 423.810 | 440.341 | 454.007 | 464.798 | 476.171 | 494.766 | 506.804 | 517.805 | 536.142 | 562.650 | 573.096 | 597.710 | 595.636 | 606.316 |