According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,371.85% higher in 2024 versus 1935 (a $48,169,376.02 difference in value).
Between 1935 and 2024: Medical care experienced an average inflation rate of 4.60% per year. This rate of change indicates significant inflation. In other words, medical care costing $896,700 in the year 1935 would cost $49,066,076.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $896,700 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 | $896,700.00 | - |
1936 | $896,700.00 | 0.00% ** |
1937 | $905,491.18 | 0.98% |
1938 | $905,491.18 | 0.00% ** |
1939 | $910,765.88 | 0.58% |
1940 | $910,765.88 | 0.00% ** |
1941 | $916,040.59 | 0.58% |
1942 | $944,172.35 | 3.07% |
1943 | $989,886.47 | 4.84% |
1944 | $1,018,018.24 | 2.84% |
1945 | $1,046,150.00 | 2.76% |
1946 | $1,104,171.76 | 5.55% |
1947 | $1,190,190.05 | 7.79% |
1948 | $1,263,900.68 | 6.19% |
1949 | $1,304,475.34 | 3.21% |
1950 | $1,328,820.14 | 1.87% |
1951 | $1,392,387.10 | 4.78% |
1952 | $1,468,126.47 | 5.44% |
1953 | $1,520,197.29 | 3.55% |
1954 | $1,566,858.14 | 3.07% |
1955 | $1,603,375.34 | 2.33% |
1956 | $1,662,208.60 | 3.67% |
1957 | $1,730,509.28 | 4.11% |
1958 | $1,813,011.09 | 4.77% |
1959 | $1,889,426.70 | 4.21% |
1960 | $1,956,374.89 | 3.54% |
1961 | $2,015,208.14 | 3.01% |
1962 | $2,068,631.45 | 2.65% |
1963 | $2,117,997.29 | 2.39% |
1964 | $2,161,276.92 | 2.04% |
1965 | $2,214,023.98 | 2.44% |
1966 | $2,312,079.41 | 4.43% |
1967 | $2,475,054.30 | 7.05% |
1968 | $2,625,180.54 | 6.07% |
1969 | $2,806,414.03 | 6.90% |
1970 | $2,984,942.53 | 6.36% |
1971 | $3,177,672.17 | 6.46% |
1972 | $3,280,461.31 | 3.23% |
1973 | $3,407,595.25 | 3.88% |
1974 | $3,724,753.85 | 9.31% |
1975 | $4,173,780.09 | 12.06% |
1976 | $4,570,735.52 | 9.51% |
1977 | $5,007,589.37 | 9.56% |
1978 | $5,430,242.08 | 8.44% |
1979 | $5,932,691.63 | 9.25% |
1980 | $6,582,562.44 | 10.95% |
1981 | $7,289,914.03 | 10.75% |
1982 | $8,135,895.70 | 11.60% |
1983 | $8,843,247.29 | 8.69% |
1984 | $9,393,710.18 | 6.22% |
1985 | $9,979,337.78 | 6.23% |
1986 | $10,728,616.52 | 7.51% |
1987 | $11,440,701.81 | 6.64% |
1988 | $12,187,951.81 | 6.53% |
1989 | $13,121,169.00 | 7.66% |
1990 | $14,312,035.29 | 9.08% |
1991 | $15,561,734.84 | 8.73% |
1992 | $16,709,321.49 | 7.37% |
1993 | $17,706,105.66 | 5.97% |
1994 | $18,550,734.84 | 4.77% |
1995 | $19,381,839.14 | 4.48% |
1996 | $20,063,493.44 | 3.52% |
1997 | $20,622,747.51 | 2.79% |
1998 | $21,286,143.21 | 3.22% |
1999 | $22,029,335.75 | 3.49% |
2000 | $22,923,330.77 | 4.06% |
2001 | $23,978,948.19 | 4.60% |
2002 | $25,107,600.00 | 4.71% |
2003 | $26,116,556.56 | 4.02% |
2004 | $27,264,143.21 | 4.39% |
2005 | $28,415,111.09 | 4.22% |
2006 | $29,554,582.81 | 4.01% |
2007 | $30,861,742.83 | 4.42% |
2008 | $32,005,583.09 | 3.71% |
2009 | $33,020,821.96 | 3.17% |
2010 | $34,148,067.19 | 3.41% |
2011 | $35,187,346.54 | 3.04% |
2012 | $36,476,694.30 | 3.66% |
2013 | $37,374,320.75 | 2.46% |
2014 | $38,267,308.17 | 2.39% |
2015 | $39,274,763.47 | 2.63% |
2016 | $40,762,460.45 | 3.79% |
2017 | $41,786,382.30 | 2.51% |
2018 | $42,611,447.74 | 1.97% |
2019 | $43,816,393.43 | 2.83% |
2020 | $45,615,264.25 | 4.11% |
2021 | $46,177,973.93 | 1.23% |
2022 | $48,048,486.07 | 4.05% |
2023 | $48,270,970.46 | 0.46% |
2024 | $49,066,076.02 | 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 |