According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,590.16% higher in 2024 versus 1945 (a $2,340,291.48 difference in value).
Between 1945 and 2024: Medical care experienced an average inflation rate of 4.99% per year. This rate of change indicates significant inflation. In other words, medical care costing $50,985 in the year 1945 would cost $2,391,276.48 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for medical care was higher.
In the year 1945: Pricing changed by 2.76%, which is below the average yearly change for medical care during the 1945-2024 time period. Compared to inflation for all items in 1945 (2.27%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $50,985 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 | $50,985.00 | 2.76% |
1946 | $53,812.74 | 5.55% |
1947 | $58,004.91 | 7.79% |
1948 | $61,597.26 | 6.19% |
1949 | $63,574.70 | 3.21% |
1950 | $64,761.17 | 1.87% |
1951 | $67,859.16 | 4.78% |
1952 | $71,550.38 | 5.44% |
1953 | $74,088.09 | 3.55% |
1954 | $76,362.15 | 3.07% |
1955 | $78,141.85 | 2.33% |
1956 | $81,009.13 | 3.67% |
1957 | $84,337.82 | 4.11% |
1958 | $88,358.62 | 4.77% |
1959 | $92,082.80 | 4.21% |
1960 | $95,345.58 | 3.54% |
1961 | $98,212.86 | 3.01% |
1962 | $100,816.49 | 2.65% |
1963 | $103,222.38 | 2.39% |
1964 | $105,331.65 | 2.04% |
1965 | $107,902.32 | 2.44% |
1966 | $112,681.13 | 4.43% |
1967 | $120,623.85 | 7.05% |
1968 | $127,940.38 | 6.07% |
1969 | $136,772.95 | 6.90% |
1970 | $145,473.68 | 6.36% |
1971 | $154,866.53 | 6.46% |
1972 | $159,876.04 | 3.23% |
1973 | $166,072.02 | 3.88% |
1974 | $181,529.01 | 9.31% |
1975 | $203,412.68 | 12.06% |
1976 | $222,758.64 | 9.51% |
1977 | $244,049.08 | 9.56% |
1978 | $264,647.41 | 8.44% |
1979 | $289,134.72 | 9.25% |
1980 | $320,806.72 | 10.95% |
1981 | $355,280.09 | 10.75% |
1982 | $396,509.72 | 11.60% |
1983 | $430,983.09 | 8.69% |
1984 | $457,810.37 | 6.22% |
1985 | $486,351.42 | 6.23% |
1986 | $522,868.15 | 7.51% |
1987 | $557,572.22 | 6.64% |
1988 | $593,990.08 | 6.53% |
1989 | $639,471.21 | 7.66% |
1990 | $697,509.08 | 9.08% |
1991 | $758,414.23 | 8.73% |
1992 | $814,342.83 | 7.37% |
1993 | $862,921.95 | 5.97% |
1994 | $904,085.66 | 4.77% |
1995 | $944,590.23 | 4.48% |
1996 | $977,811.22 | 3.52% |
1997 | $1,005,066.94 | 2.79% |
1998 | $1,037,398.09 | 3.22% |
1999 | $1,073,618.20 | 3.49% |
2000 | $1,117,187.80 | 4.06% |
2001 | $1,168,634.20 | 4.60% |
2002 | $1,223,640.00 | 4.71% |
2003 | $1,272,812.35 | 4.02% |
2004 | $1,328,740.95 | 4.39% |
2005 | $1,384,834.33 | 4.22% |
2006 | $1,440,367.45 | 4.01% |
2007 | $1,504,072.99 | 4.42% |
2008 | $1,559,819.01 | 3.71% |
2009 | $1,609,297.53 | 3.17% |
2010 | $1,664,234.77 | 3.41% |
2011 | $1,714,884.92 | 3.04% |
2012 | $1,777,722.37 | 3.66% |
2013 | $1,821,468.95 | 2.46% |
2014 | $1,864,989.44 | 2.39% |
2015 | $1,914,088.63 | 2.63% |
2016 | $1,986,592.79 | 3.79% |
2017 | $2,036,494.48 | 2.51% |
2018 | $2,076,704.74 | 1.97% |
2019 | $2,135,428.78 | 2.83% |
2020 | $2,223,098.26 | 4.11% |
2021 | $2,250,522.39 | 1.23% |
2022 | $2,341,683.37 | 4.05% |
2023 | $2,352,526.34 | 0.46% |
2024 | $2,391,276.48 | 1.65%* |
* 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 | 558.129 |