According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,371.85% higher in 2024 versus 1935 (a $29,545,173.20 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 $550,000 in the year 1935 would cost $30,095,173.20 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 $550,000 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 | $550,000.00 | - |
1936 | $550,000.00 | 0.00% ** |
1937 | $555,392.16 | 0.98% |
1938 | $555,392.16 | 0.00% ** |
1939 | $558,627.45 | 0.58% |
1940 | $558,627.45 | 0.00% ** |
1941 | $561,862.75 | 0.58% |
1942 | $579,117.65 | 3.07% |
1943 | $607,156.86 | 4.84% |
1944 | $624,411.76 | 2.84% |
1945 | $641,666.67 | 2.76% |
1946 | $677,254.90 | 5.55% |
1947 | $730,015.08 | 7.79% |
1948 | $775,226.24 | 6.19% |
1949 | $800,113.12 | 3.21% |
1950 | $815,045.25 | 1.87% |
1951 | $854,034.69 | 4.78% |
1952 | $900,490.20 | 5.44% |
1953 | $932,428.36 | 3.55% |
1954 | $961,048.27 | 3.07% |
1955 | $983,446.46 | 2.33% |
1956 | $1,019,532.43 | 3.67% |
1957 | $1,061,425.34 | 4.11% |
1958 | $1,112,028.66 | 4.77% |
1959 | $1,158,898.94 | 4.21% |
1960 | $1,199,962.29 | 3.54% |
1961 | $1,236,048.27 | 3.01% |
1962 | $1,268,815.99 | 2.65% |
1963 | $1,299,095.02 | 2.39% |
1964 | $1,325,641.03 | 2.04% |
1965 | $1,357,993.97 | 2.44% |
1966 | $1,418,137.25 | 4.43% |
1967 | $1,518,099.55 | 7.05% |
1968 | $1,610,181.00 | 6.07% |
1969 | $1,721,342.38 | 6.90% |
1970 | $1,830,844.65 | 6.36% |
1971 | $1,949,057.32 | 6.46% |
1972 | $2,012,104.07 | 3.23% |
1973 | $2,090,082.96 | 3.88% |
1974 | $2,284,615.38 | 9.31% |
1975 | $2,560,030.17 | 12.06% |
1976 | $2,803,506.79 | 9.51% |
1977 | $3,071,455.51 | 9.56% |
1978 | $3,330,693.82 | 8.44% |
1979 | $3,638,876.32 | 9.25% |
1980 | $4,037,481.15 | 10.95% |
1981 | $4,471,342.38 | 10.75% |
1982 | $4,990,233.79 | 11.60% |
1983 | $5,424,095.02 | 8.69% |
1984 | $5,761,727.00 | 6.22% |
1985 | $6,120,927.60 | 6.23% |
1986 | $6,580,505.28 | 7.51% |
1987 | $7,017,269.98 | 6.64% |
1988 | $7,475,603.32 | 6.53% |
1989 | $8,048,001.51 | 7.66% |
1990 | $8,778,431.37 | 9.08% |
1991 | $9,544,947.21 | 8.73% |
1992 | $10,248,831.07 | 7.37% |
1993 | $10,860,218.70 | 5.97% |
1994 | $11,378,280.54 | 4.77% |
1995 | $11,888,046.76 | 4.48% |
1996 | $12,306,146.30 | 3.52% |
1997 | $12,649,170.44 | 2.79% |
1998 | $13,056,070.89 | 3.22% |
1999 | $13,511,915.54 | 3.49% |
2000 | $14,060,256.41 | 4.06% |
2001 | $14,707,730.02 | 4.60% |
2002 | $15,400,000.00 | 4.71% |
2003 | $16,018,853.70 | 4.02% |
2004 | $16,722,737.56 | 4.39% |
2005 | $17,428,695.32 | 4.22% |
2006 | $18,127,601.81 | 4.01% |
2007 | $18,929,361.61 | 4.42% |
2008 | $19,630,947.59 | 3.71% |
2009 | $20,253,654.60 | 3.17% |
2010 | $20,945,061.84 | 3.41% |
2011 | $21,582,514.33 | 3.04% |
2012 | $22,373,348.79 | 3.66% |
2013 | $22,923,917.04 | 2.46% |
2014 | $23,471,639.89 | 2.39% |
2015 | $24,089,572.78 | 2.63% |
2016 | $25,002,066.74 | 3.79% |
2017 | $25,630,099.55 | 2.51% |
2018 | $26,136,161.76 | 1.97% |
2019 | $26,875,227.38 | 2.83% |
2020 | $27,978,582.96 | 4.11% |
2021 | $28,323,726.62 | 1.23% |
2022 | $29,471,024.13 | 4.05% |
2023 | $29,607,487.18 | 0.46% |
2024 | $30,095,173.20 | 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 |