Medical care priced at $240,000 in 1935 $12,839,520 in 2022

Medical Care Inflation Calculator

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Prices for Medical Care, 1935-2022 ($240,000)

According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,249.80% higher in 2022 versus 1935 (a $12,599,520 difference in value).

Between 1935 and 2022: Medical care experienced an average inflation rate of 4.68% per year. This rate of change indicates significant inflation. In other words, medical care costing $240,000 in the year 1935 would cost $12,839,520 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for medical care was higher.

Price Inflation for Medical care since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (12.06%), 1982 (11.60%), and 1980 (10.95%).

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Buying power of $240,000.00 since 1935

Below are calculations of equivalent buying power for Medical care, over time, for $240,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1935$240,000.00-
1936$240,000.000.00% **
1937$242,352.940.98%
1938$242,352.940.00% **
1939$243,764.710.58%
1940$243,764.710.00% **
1941$245,176.470.58%
1942$252,705.883.07%
1943$264,941.184.84%
1944$272,470.592.84%
1945$280,000.002.76%
1946$295,529.415.55%
1947$318,552.047.79%
1948$338,280.546.19%
1949$349,140.273.21%
1950$355,656.111.87%
1951$372,669.684.78%
1952$392,941.185.44%
1953$406,877.833.55%
1954$419,366.523.07%
1955$429,140.272.33%
1956$444,886.883.67%
1957$463,167.424.11%
1958$485,248.874.77%
1959$505,701.364.21%
1960$523,619.913.54%
1961$539,366.523.01%
1962$553,665.162.65%
1963$566,877.832.39%
1964$578,461.542.04%
1965$592,579.192.44%
1966$618,823.534.43%
1967$662,443.447.05%
1968$702,624.436.07%
1969$751,131.226.90%
1970$798,914.036.36%
1971$850,497.746.46%
1972$878,009.053.23%
1973$912,036.203.88%
1974$996,923.089.31%
1975$1,117,104.0712.06%
1976$1,223,348.429.51%
1977$1,340,271.499.56%
1978$1,453,393.678.44%
1979$1,587,873.309.25%
1980$1,761,809.9510.95%
1981$1,951,131.2210.75%
1982$2,177,556.5611.60%
1983$2,366,877.838.69%
1984$2,514,208.146.22%
1985$2,670,950.236.23%
1986$2,871,493.217.51%
1987$3,062,081.456.64%
1988$3,262,081.456.53%
1989$3,511,855.207.66%
1990$3,830,588.249.08%
1991$4,165,067.878.73%
1992$4,472,217.197.37%
1993$4,739,004.525.97%
1994$4,965,067.874.77%
1995$5,187,511.314.48%
1996$5,369,954.753.52%
1997$5,519,638.012.79%
1998$5,697,194.573.22%
1999$5,896,108.603.49%
2000$6,135,384.624.06%
2001$6,417,918.554.60%
2002$6,720,000.004.71%
2003$6,990,045.254.02%
2004$7,297,194.574.39%
2005$7,605,248.874.22%
2006$7,910,226.244.01%
2007$8,260,085.074.42%
2008$8,566,231.673.71%
2009$8,837,958.373.17%
2010$9,139,663.353.41%
2011$9,417,824.433.04%
2012$9,762,915.843.66%
2013$10,003,163.802.46%
2014$10,242,170.142.39%
2015$10,511,813.572.63%
2016$10,909,992.763.79%
2017$11,184,043.442.51%
2018$11,404,870.591.97%
2019$11,727,371.952.83%
2020$12,208,836.204.11%
2021$12,359,444.341.23%
2022$12,839,520.003.88%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.20010.20010.30010.30010.36010.36010.42010.74011.26011.58011.90012.56013.53814.37714.83815.11515.83816.70017.29217.82318.23818.90819.68520.62321.49222.25422.92323.53124.09224.58525.18526.30028.15429.86231.92333.95436.14637.31538.76242.36947.47751.99256.96261.76967.48574.87782.92392.546100.592106.854113.515122.038130.138138.638149.254162.800177.015190.069201.408211.015220.469228.223234.585242.131250.585260.754272.762285.600297.077310.131323.223336.185351.054364.065375.613388.436400.258414.924425.134435.292446.752463.675475.322484.707498.413518.876525.276545.680

Adjust medical care prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1935 * 1935 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Medical care was 10.200 in the year 1935 and 545.680 in 2022:

545.680 / 10.200 * $240,000 = $12,839,520

Therefore, according to U.S. Bureau of Labor Statistics, $240,000 in 1935 has the same "purchasing power" as $12,839,520 in 2022 (in the CPI category of Medical care).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medical care in 1935. In addition to medical care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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