According to the U.S. Bureau of Labor Statistics, prices for medical care services are 4,664.47% higher in 2024 versus 1950 (a $932.89 difference in value).
Between 1950 and 2024: Medical care services experienced an average inflation rate of 5.36% per year. This rate of change indicates significant inflation. In other words, medical care services costing $20 in the year 1950 would cost $952.89 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.53% during this same period, inflation for medical care services was higher.
In the year 1950: Pricing changed by 2.39%, which is below the average yearly change for medical care services during the 1950-2024 time period. Compared to inflation for all items in 1950 (1.10%), inflation for medical care services was higher.
Below are calculations of equivalent buying power for Medical care services, over time, for $20 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1950 | $20.00 | 2.39% |
| 1951 | $21.00 | 4.98% |
| 1952 | $22.37 | 6.53% |
| 1953 | $23.12 | 3.34% |
| 1954 | $23.80 | 2.96% |
| 1955 | $24.55 | 3.14% |
| 1956 | $25.41 | 3.52% |
| 1957 | $26.50 | 4.29% |
| 1958 | $27.82 | 4.97% |
| 1959 | $29.16 | 4.82% |
| 1960 | $30.36 | 4.11% |
| 1961 | $31.48 | 3.67% |
| 1962 | $32.52 | 3.31% |
| 1963 | $33.48 | 2.95% |
| 1964 | $34.29 | 2.43% |
| 1965 | $35.36 | 3.11% |
| 1966 | $37.26 | 5.39% |
| 1967 | $40.51 | 8.71% |
| 1968 | $43.49 | 7.36% |
| 1969 | $47.00 | 8.07% |
| 1970 | $50.35 | 7.11% |
| 1971 | $54.01 | 7.28% |
| 1972 | $55.98 | 3.64% |
| 1973 | $58.47 | 4.45% |
| 1974 | $64.45 | 10.23% |
| 1975 | $72.57 | 12.60% |
| 1976 | $79.85 | 10.02% |
| 1977 | $87.78 | 9.93% |
| 1978 | $95.38 | 8.65% |
| 1979 | $104.65 | 9.72% |
| 1980 | $116.45 | 11.28% |
| 1981 | $128.94 | 10.72% |
| 1982 | $144.22 | 11.86% |
| 1983 | $156.82 | 8.73% |
| 1984 | $166.25 | 6.01% |
| 1985 | $176.29 | 6.04% |
| 1986 | $189.89 | 7.71% |
| 1987 | $202.42 | 6.60% |
| 1988 | $215.48 | 6.45% |
| 1989 | $231.92 | 7.63% |
| 1990 | $253.39 | 9.26% |
| 1991 | $275.83 | 8.86% |
| 1992 | $296.76 | 7.59% |
| 1993 | $316.07 | 6.50% |
| 1994 | $332.42 | 5.17% |
| 1995 | $349.20 | 5.05% |
| 1996 | $362.01 | 3.67% |
| 1997 | $372.39 | 2.87% |
| 1998 | $384.42 | 3.23% |
| 1999 | $397.29 | 3.35% |
| 2000 | $414.35 | 4.29% |
| 2001 | $434.21 | 4.79% |
| 2002 | $456.21 | 5.07% |
| 2003 | $476.59 | 4.47% |
| 2004 | $500.52 | 5.02% |
| 2005 | $524.42 | 4.78% |
| 2006 | $546.13 | 4.14% |
| 2007 | $575.24 | 5.33% |
| 2008 | $599.60 | 4.24% |
| 2009 | $618.85 | 3.21% |
| 2010 | $640.51 | 3.50% |
| 2011 | $660.14 | 3.06% |
| 2012 | $685.89 | 3.90% |
| 2013 | $707.18 | 3.10% |
| 2014 | $723.98 | 2.38% |
| 2015 | $741.70 | 2.45% |
| 2016 | $770.66 | 3.91% |
| 2017 | $789.41 | 2.43% |
| 2018 | $806.55 | 2.17% |
| 2019 | $835.11 | 3.54% |
| 2020 | $876.40 | 4.94% |
| 2021 | $892.67 | 1.86% |
| 2022 | $931.01 | 4.29% |
| 2023 | $927.78 | -0.35% |
| 2024 | $952.89 | 2.71%* |
* 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 | 611.757 |