According to the U.S. Bureau of Labor Statistics, prices for medical care are 2,170.24% higher in 2024 versus 1964 (a $1,302,141,301,627,033.50 difference in value).
Between 1964 and 2024: Medical care experienced an average inflation rate of 5.34% per year. This rate of change indicates significant inflation. In other words, medical care costing $60,000,000,000,000 in the year 1964 would cost $1,362,141,301,627,033.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for medical care was higher.
In the year 1964: Pricing changed by 2.04%, which is significantly below the average yearly change for medical care during the 1964-2024 time period. Compared to inflation for all items in 1964 (1.28%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $60,000,000,000,000 beginning in 1964. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1964 | $60,000,000,000,000.00 | 2.04% |
1965 | $61,464,330,413,016.27 | 2.44% |
1966 | $64,186,483,103,879.84 | 4.43% |
1967 | $68,710,888,610,763.45 | 7.05% |
1968 | $72,878,598,247,809.77 | 6.07% |
1969 | $77,909,887,359,199.00 | 6.90% |
1970 | $82,866,082,603,254.05 | 6.36% |
1971 | $88,216,520,650,813.52 | 6.46% |
1972 | $91,070,087,609,511.88 | 3.23% |
1973 | $94,599,499,374,217.77 | 3.88% |
1974 | $103,404,255,319,148.92 | 9.31% |
1975 | $115,869,837,296,620.77 | 12.06% |
1976 | $126,889,862,327,909.88 | 9.51% |
1977 | $139,017,521,902,377.95 | 9.56% |
1978 | $150,750,938,673,341.66 | 8.44% |
1979 | $164,699,624,530,663.31 | 9.25% |
1980 | $182,740,926,157,697.13 | 10.95% |
1981 | $202,377,972,465,581.91 | 10.75% |
1982 | $225,863,579,474,342.97 | 11.60% |
1983 | $245,500,625,782,227.75 | 8.69% |
1984 | $260,782,227,784,730.88 | 6.22% |
1985 | $277,040,050,062,578.25 | 6.23% |
1986 | $297,841,051,314,142.63 | 7.51% |
1987 | $317,609,511,889,862.31 | 6.64% |
1988 | $338,354,192,740,926.06 | 6.53% |
1989 | $364,261,576,971,214.00 | 7.66% |
1990 | $397,321,652,065,081.25 | 9.08% |
1991 | $432,015,018,773,466.75 | 8.73% |
1992 | $463,873,591,989,987.50 | 7.37% |
1993 | $491,545,682,102,628.25 | 5.97% |
1994 | $514,993,742,177,722.06 | 4.77% |
1995 | $538,066,332,916,145.13 | 4.48% |
1996 | $556,989,987,484,355.44 | 3.52% |
1997 | $572,515,644,555,694.50 | 2.79% |
1998 | $590,932,415,519,399.13 | 3.22% |
1999 | $611,564,455,569,461.75 | 3.49% |
2000 | $636,382,978,723,404.13 | 4.06% |
2001 | $665,688,360,450,563.13 | 4.60% |
2002 | $697,021,276,595,744.75 | 4.71% |
2003 | $725,031,289,111,389.13 | 4.02% |
2004 | $756,889,862,327,909.88 | 4.39% |
2005 | $788,842,302,878,598.25 | 4.22% |
2006 | $820,475,594,493,116.50 | 4.01% |
2007 | $856,764,142,678,347.88 | 4.42% |
2008 | $888,518,710,888,610.50 | 3.71% |
2009 | $916,703,128,911,139.00 | 3.17% |
2010 | $947,996,996,245,306.50 | 3.41% |
2011 | $976,848,811,013,767.00 | 3.04% |
2012 | $1,012,642,866,082,603.38 | 3.66% |
2013 | $1,037,562,202,753,441.63 | 2.46% |
2014 | $1,062,352,753,441,802.13 | 2.39% |
2015 | $1,090,321,088,861,076.13 | 2.63% |
2016 | $1,131,621,589,486,858.50 | 3.79% |
2017 | $1,160,047,058,823,529.50 | 2.51% |
2018 | $1,182,952,002,503,128.75 | 1.97% |
2019 | $1,216,402,941,176,470.50 | 2.83% |
2020 | $1,266,342,052,565,707.00 | 4.11% |
2021 | $1,281,963,642,052,565.50 | 1.23% |
2022 | $1,333,891,614,518,147.50 | 4.05% |
2023 | $1,340,068,085,106,382.75 | 0.46% |
2024 | $1,362,141,301,627,033.50 | 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 |