According to the U.S. Bureau of Labor Statistics, prices for medical care are 2,960.17% higher in 2024 versus 1955 (a $106,566,265.71 difference in value).
Between 1955 and 2024: Medical care experienced an average inflation rate of 5.08% per year. This rate of change indicates significant inflation. In other words, medical care costing $3,600,000 in the year 1955 would cost $110,166,265.71 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.61% during this same period, inflation for medical care was higher.
In the year 1955: Pricing changed by 2.33%, which is below the average yearly change for medical care during the 1955-2024 time period. Compared to inflation for all items in 1955 (-0.29%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $3,600,000 beginning in 1955. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1955 | $3,600,000.00 | 2.33% |
1956 | $3,732,096.16 | 3.67% |
1957 | $3,885,449.18 | 4.11% |
1958 | $4,070,687.47 | 4.77% |
1959 | $4,242,260.65 | 4.21% |
1960 | $4,392,576.97 | 3.54% |
1961 | $4,524,673.13 | 3.01% |
1962 | $4,644,622.52 | 2.65% |
1963 | $4,755,461.83 | 2.39% |
1964 | $4,852,636.02 | 2.04% |
1965 | $4,971,067.06 | 2.44% |
1966 | $5,191,227.33 | 4.43% |
1967 | $5,557,148.88 | 7.05% |
1968 | $5,894,221.85 | 6.07% |
1969 | $6,301,138.76 | 6.90% |
1970 | $6,701,982.29 | 6.36% |
1971 | $7,134,711.09 | 6.46% |
1972 | $7,365,499.79 | 3.23% |
1973 | $7,650,948.97 | 3.88% |
1974 | $8,363,053.56 | 9.31% |
1975 | $9,371,235.77 | 12.06% |
1976 | $10,262,505.27 | 9.51% |
1977 | $11,243,357.23 | 9.56% |
1978 | $12,192,323.91 | 8.44% |
1979 | $13,320,455.50 | 9.25% |
1980 | $14,779,586.67 | 10.95% |
1981 | $16,367,777.31 | 10.75% |
1982 | $18,267,229.02 | 11.60% |
1983 | $19,855,419.65 | 8.69% |
1984 | $21,091,353.86 | 6.22% |
1985 | $22,406,242.09 | 6.23% |
1986 | $24,088,570.22 | 7.51% |
1987 | $25,687,389.29 | 6.64% |
1988 | $27,365,162.38 | 6.53% |
1989 | $29,460,480.81 | 7.66% |
1990 | $32,134,289.33 | 9.08% |
1991 | $34,940,194.01 | 8.73% |
1992 | $37,516,828.34 | 7.37% |
1993 | $39,754,871.36 | 5.97% |
1994 | $41,651,286.38 | 4.77% |
1995 | $43,517,334.46 | 4.48% |
1996 | $45,047,827.92 | 3.52% |
1997 | $46,303,500.63 | 2.79% |
1998 | $47,792,998.73 | 3.22% |
1999 | $49,461,661.75 | 3.49% |
2000 | $51,468,916.07 | 4.06% |
2001 | $53,839,055.25 | 4.60% |
2002 | $56,373,175.88 | 4.71% |
2003 | $58,638,549.14 | 4.02% |
2004 | $61,215,183.47 | 4.39% |
2005 | $63,799,409.53 | 4.22% |
2006 | $66,357,823.70 | 4.01% |
2007 | $69,292,742.30 | 4.42% |
2008 | $71,860,964.99 | 3.71% |
2009 | $74,140,443.69 | 3.17% |
2010 | $76,671,406.16 | 3.41% |
2011 | $79,004,862.08 | 3.04% |
2012 | $81,899,787.43 | 3.66% |
2013 | $83,915,195.28 | 2.46% |
2014 | $85,920,187.26 | 2.39% |
2015 | $88,182,189.79 | 2.63% |
2016 | $91,522,461.41 | 3.79% |
2017 | $93,821,435.68 | 2.51% |
2018 | $95,673,924.93 | 1.97% |
2019 | $98,379,345.42 | 2.83% |
2020 | $102,418,284.27 | 4.11% |
2021 | $103,681,715.73 | 1.23% |
2022 | $107,881,508.22 | 4.05% |
2023 | $108,381,044.29 | 0.46% |
2024 | $110,166,265.71 | 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 |