According to the U.S. Bureau of Labor Statistics, prices for medical care services were 5,326.54% higher in 2019 versus 1945 (a $5,326,540,797.26 difference in value).
Between 1945 and 2019: Medical care services experienced an average inflation rate of 5.55% per year. This rate of change indicates significant inflation. In other words, medical care services costing $100,000,000 in the year 1945 would cost $5,426,540,797.26 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for medical care services was higher.
In the year 1945: Pricing changed by 2.70%, which is below the average yearly change for medical care services during the 1945-2019 time period. Compared to inflation for all items in 1945 (2.27%), inflation for medical care services was higher.
Below are calculations of equivalent buying power for Medical care services, over time, for $100,000,000 beginning in 1945. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1945 | $100,000,000.00 | 2.70% |
1946 | $106,072,874.49 | 6.07% |
1947 | $115,182,186.23 | 8.59% |
1948 | $122,874,493.93 | 6.68% |
1949 | $126,923,076.92 | 3.29% |
1950 | $129,959,514.17 | 2.39% |
1951 | $136,437,246.96 | 4.98% |
1952 | $145,344,129.55 | 6.53% |
1953 | $150,202,429.15 | 3.34% |
1954 | $154,655,870.45 | 2.96% |
1955 | $159,514,170.04 | 3.14% |
1956 | $165,135,471.82 | 3.52% |
1957 | $172,220,492.06 | 4.29% |
1958 | $180,784,802.24 | 4.97% |
1959 | $189,504,827.16 | 4.82% |
1960 | $197,290,563.69 | 4.11% |
1961 | $204,531,298.66 | 3.67% |
1962 | $211,304,889.44 | 3.31% |
1963 | $217,533,478.67 | 2.95% |
1964 | $222,827,779.51 | 2.43% |
1965 | $229,757,085.02 | 3.11% |
1966 | $242,136,406.10 | 5.39% |
1967 | $263,235,752.10 | 8.71% |
1968 | $282,622,236.06 | 7.36% |
1969 | $305,434,444.10 | 8.07% |
1970 | $327,156,649.02 | 7.11% |
1971 | $350,981,002.80 | 7.28% |
1972 | $363,749,610.71 | 3.64% |
1973 | $379,943,942.70 | 4.45% |
1974 | $418,794,767.99 | 10.23% |
1975 | $471,582,061.66 | 12.60% |
1976 | $518,841,482.40 | 10.02% |
1977 | $570,383,058.24 | 9.93% |
1978 | $619,744,627.84 | 8.65% |
1979 | $680,006,228.59 | 9.72% |
1980 | $756,695,733.42 | 11.28% |
1981 | $837,823,108.07 | 10.72% |
1982 | $937,169,106.20 | 11.86% |
1983 | $1,018,997,197.13 | 8.73% |
1984 | $1,080,270,943.63 | 6.01% |
1985 | $1,145,515,415.76 | 6.04% |
1986 | $1,233,883,525.38 | 7.71% |
1987 | $1,315,322,329.49 | 6.60% |
1988 | $1,400,186,857.68 | 6.45% |
1989 | $1,507,007,162.88 | 7.63% |
1990 | $1,646,527,561.51 | 9.26% |
1991 | $1,792,354,406.73 | 8.86% |
1992 | $1,928,371,223.92 | 7.59% |
1993 | $2,053,799,439.43 | 6.50% |
1994 | $2,160,074,743.07 | 5.17% |
1995 | $2,269,075,054.50 | 5.05% |
1996 | $2,352,304,578.01 | 3.67% |
1997 | $2,419,806,913.73 | 2.87% |
1998 | $2,497,975,708.50 | 3.23% |
1999 | $2,581,594,518.84 | 3.35% |
2000 | $2,692,463,407.04 | 4.29% |
2001 | $2,821,473,061.35 | 4.79% |
2002 | $2,964,419,184.05 | 5.07% |
2003 | $3,096,854,562.44 | 4.47% |
2004 | $3,252,335,720.96 | 5.02% |
2005 | $3,407,661,164.75 | 4.78% |
2006 | $3,548,738,710.68 | 4.14% |
2007 | $3,737,875,272.50 | 5.33% |
2008 | $3,896,182,653.38 | 4.24% |
2009 | $4,021,246,496.42 | 3.21% |
2010 | $4,162,022,734.35 | 3.50% |
2011 | $4,289,578,791.65 | 3.06% |
2012 | $4,456,895,826.85 | 3.90% |
2013 | $4,595,210,993.46 | 3.10% |
2014 | $4,704,431,641.23 | 2.38% |
2015 | $4,819,546,870.13 | 2.45% |
2016 | $5,007,750,700.72 | 3.91% |
2017 | $5,129,598,256.00 | 2.43% |
2018 | $5,240,945,188.41 | 2.17% |
2019 | $5,426,540,797.26 | 3.54% |
2020 | $5,694,834,942.39 | 4.94% |
2021 | $5,800,568,358.77 | 1.86% |
2022 | $6,049,693,241.98 | 4.29% |
2023 | $6,028,708,346.31 | -0.35% |
2024 | $6,136,798,245.61 | 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 |