According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,412.27% higher in 2024 versus 1935 (a $135,306,644.88 difference in value).
Between 1935 and 2024: Medical care experienced an average inflation rate of 4.61% per year. This rate of change indicates significant inflation. In other words, medical care costing $2,500,000 in the year 1935 would cost $137,806,644.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $2,500,000 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 | $2,500,000.00 | - |
1936 | $2,500,000.00 | 0.00% ** |
1937 | $2,524,509.80 | 0.98% |
1938 | $2,524,509.80 | 0.00% ** |
1939 | $2,539,215.69 | 0.58% |
1940 | $2,539,215.69 | 0.00% ** |
1941 | $2,553,921.57 | 0.58% |
1942 | $2,632,352.94 | 3.07% |
1943 | $2,759,803.92 | 4.84% |
1944 | $2,838,235.29 | 2.84% |
1945 | $2,916,666.67 | 2.76% |
1946 | $3,078,431.37 | 5.55% |
1947 | $3,318,250.38 | 7.79% |
1948 | $3,523,755.66 | 6.19% |
1949 | $3,636,877.83 | 3.21% |
1950 | $3,704,751.13 | 1.87% |
1951 | $3,881,975.87 | 4.78% |
1952 | $4,093,137.25 | 5.44% |
1953 | $4,238,310.71 | 3.55% |
1954 | $4,368,401.21 | 3.07% |
1955 | $4,470,211.16 | 2.33% |
1956 | $4,634,238.31 | 3.67% |
1957 | $4,824,660.63 | 4.11% |
1958 | $5,054,675.72 | 4.77% |
1959 | $5,267,722.47 | 4.21% |
1960 | $5,454,374.06 | 3.54% |
1961 | $5,618,401.21 | 3.01% |
1962 | $5,767,345.40 | 2.65% |
1963 | $5,904,977.38 | 2.39% |
1964 | $6,025,641.03 | 2.04% |
1965 | $6,172,699.85 | 2.44% |
1966 | $6,446,078.43 | 4.43% |
1967 | $6,900,452.49 | 7.05% |
1968 | $7,319,004.52 | 6.07% |
1969 | $7,824,283.56 | 6.90% |
1970 | $8,322,021.12 | 6.36% |
1971 | $8,859,351.43 | 6.46% |
1972 | $9,145,927.60 | 3.23% |
1973 | $9,500,377.07 | 3.88% |
1974 | $10,384,615.38 | 9.31% |
1975 | $11,636,500.75 | 12.06% |
1976 | $12,743,212.67 | 9.51% |
1977 | $13,961,161.39 | 9.56% |
1978 | $15,139,517.35 | 8.44% |
1979 | $16,540,346.91 | 9.25% |
1980 | $18,352,187.03 | 10.95% |
1981 | $20,324,283.56 | 10.75% |
1982 | $22,682,880.84 | 11.60% |
1983 | $24,654,977.38 | 8.69% |
1984 | $26,189,668.17 | 6.22% |
1985 | $27,822,398.19 | 6.23% |
1986 | $29,911,387.63 | 7.51% |
1987 | $31,896,681.75 | 6.64% |
1988 | $33,980,015.08 | 6.53% |
1989 | $36,581,825.04 | 7.66% |
1990 | $39,901,960.78 | 9.08% |
1991 | $43,386,123.68 | 8.73% |
1992 | $46,585,595.78 | 7.37% |
1993 | $49,364,630.47 | 5.97% |
1994 | $51,719,457.01 | 4.77% |
1995 | $54,036,576.17 | 4.48% |
1996 | $55,937,028.66 | 3.52% |
1997 | $57,496,229.26 | 2.79% |
1998 | $59,345,776.77 | 3.22% |
1999 | $61,417,797.89 | 3.49% |
2000 | $63,910,256.41 | 4.06% |
2001 | $66,853,318.25 | 4.60% |
2002 | $70,000,000.00 | 4.71% |
2003 | $72,812,971.34 | 4.02% |
2004 | $76,012,443.44 | 4.39% |
2005 | $79,221,342.38 | 4.22% |
2006 | $82,398,190.05 | 4.01% |
2007 | $86,042,552.79 | 4.42% |
2008 | $89,231,579.94 | 3.71% |
2009 | $92,062,066.37 | 3.17% |
2010 | $95,204,826.55 | 3.41% |
2011 | $98,102,337.86 | 3.04% |
2012 | $101,697,039.97 | 3.66% |
2013 | $104,199,622.93 | 2.46% |
2014 | $106,689,272.25 | 2.39% |
2015 | $109,498,058.07 | 2.63% |
2016 | $113,645,757.92 | 3.79% |
2017 | $116,500,452.49 | 2.51% |
2018 | $118,800,735.29 | 1.97% |
2019 | $122,160,124.43 | 2.83% |
2020 | $127,175,377.07 | 4.11% |
2021 | $128,744,211.92 | 1.23% |
2022 | $133,959,200.60 | 4.05% |
2023 | $134,579,487.18 | 0.46% |
2024 | $137,806,644.88 | 2.40%* |
* 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:
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 | 10.200 | 10.200 | 10.300 | 10.300 | 10.360 | 10.360 | 10.420 | 10.740 | 11.260 | 11.580 | 11.900 | 12.560 | 13.538 | 14.377 | 14.838 | 15.115 | 15.838 | 16.700 | 17.292 | 17.823 | 18.238 | 18.908 | 19.685 | 20.623 | 21.492 | 22.254 | 22.923 | 23.531 | 24.092 | 24.585 | 25.185 | 26.300 | 28.154 | 29.862 | 31.923 | 33.954 | 36.146 | 37.315 | 38.762 | 42.369 | 47.477 | 51.992 | 56.962 | 61.769 | 67.485 | 74.877 | 82.923 | 92.546 | 100.592 | 106.854 | 113.515 | 122.038 | 130.138 | 138.638 | 149.254 | 162.800 | 177.015 | 190.069 | 201.408 | 211.015 | 220.469 | 228.223 | 234.585 | 242.131 | 250.585 | 260.754 | 272.762 | 285.600 | 297.077 | 310.131 | 323.223 | 336.185 | 351.054 | 364.065 | 375.613 | 388.436 | 400.258 | 414.924 | 425.134 | 435.292 | 446.752 | 463.675 | 475.322 | 484.707 | 498.413 | 518.876 | 525.276 | 546.554 | 549.084 | 562.251 |