According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,363% higher in 2024 versus 1935 (a $2,145,198,039,215.69 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 $40,000,000,000 in the year 1935 would cost $2,185,198,039,215.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $40,000,000,000 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 | $40,000,000,000.00 | - |
1936 | $40,000,000,000.00 | 0.00% ** |
1937 | $40,392,156,862.75 | 0.98% |
1938 | $40,392,156,862.75 | 0.00% ** |
1939 | $40,627,450,980.39 | 0.58% |
1940 | $40,627,450,980.39 | 0.00% ** |
1941 | $40,862,745,098.04 | 0.58% |
1942 | $42,117,647,058.82 | 3.07% |
1943 | $44,156,862,745.10 | 4.84% |
1944 | $45,411,764,705.88 | 2.84% |
1945 | $46,666,666,666.67 | 2.76% |
1946 | $49,254,901,960.78 | 5.55% |
1947 | $53,092,006,033.18 | 7.79% |
1948 | $56,380,090,497.74 | 6.19% |
1949 | $58,190,045,248.87 | 3.21% |
1950 | $59,276,018,099.55 | 1.87% |
1951 | $62,111,613,876.32 | 4.78% |
1952 | $65,490,196,078.43 | 5.44% |
1953 | $67,812,971,342.38 | 3.55% |
1954 | $69,894,419,306.18 | 3.07% |
1955 | $71,523,378,582.20 | 2.33% |
1956 | $74,147,812,971.34 | 3.67% |
1957 | $77,194,570,135.75 | 4.11% |
1958 | $80,874,811,463.05 | 4.77% |
1959 | $84,283,559,577.68 | 4.21% |
1960 | $87,269,984,917.04 | 3.54% |
1961 | $89,894,419,306.18 | 3.01% |
1962 | $92,277,526,395.17 | 2.65% |
1963 | $94,479,638,009.05 | 2.39% |
1964 | $96,410,256,410.26 | 2.04% |
1965 | $98,763,197,586.73 | 2.44% |
1966 | $103,137,254,901.96 | 4.43% |
1967 | $110,407,239,819.00 | 7.05% |
1968 | $117,104,072,398.19 | 6.07% |
1969 | $125,188,536,953.24 | 6.90% |
1970 | $133,152,337,858.22 | 6.36% |
1971 | $141,749,622,926.09 | 6.46% |
1972 | $146,334,841,628.96 | 3.23% |
1973 | $152,006,033,182.50 | 3.88% |
1974 | $166,153,846,153.85 | 9.31% |
1975 | $186,184,012,066.37 | 12.06% |
1976 | $203,891,402,714.93 | 9.51% |
1977 | $223,378,582,202.11 | 9.56% |
1978 | $242,232,277,526.40 | 8.44% |
1979 | $264,645,550,527.90 | 9.25% |
1980 | $293,634,992,458.52 | 10.95% |
1981 | $325,188,536,953.24 | 10.75% |
1982 | $362,926,093,514.33 | 11.60% |
1983 | $394,479,638,009.05 | 8.69% |
1984 | $419,034,690,799.40 | 6.22% |
1985 | $445,158,371,040.72 | 6.23% |
1986 | $478,582,202,111.61 | 7.51% |
1987 | $510,346,907,993.97 | 6.64% |
1988 | $543,680,241,327.30 | 6.53% |
1989 | $585,309,200,603.32 | 7.66% |
1990 | $638,431,372,549.02 | 9.08% |
1991 | $694,177,978,883.86 | 8.73% |
1992 | $745,369,532,428.36 | 7.37% |
1993 | $789,834,087,481.15 | 5.97% |
1994 | $827,511,312,217.19 | 4.77% |
1995 | $864,585,218,702.87 | 4.48% |
1996 | $894,992,458,521.87 | 3.52% |
1997 | $919,939,668,174.96 | 2.79% |
1998 | $949,532,428,355.96 | 3.22% |
1999 | $982,684,766,214.18 | 3.49% |
2000 | $1,022,564,102,564.10 | 4.06% |
2001 | $1,069,653,092,006.03 | 4.60% |
2002 | $1,120,000,000,000.00 | 4.71% |
2003 | $1,165,007,541,478.13 | 4.02% |
2004 | $1,216,199,095,022.62 | 4.39% |
2005 | $1,267,541,478,129.71 | 4.22% |
2006 | $1,318,371,040,723.98 | 4.01% |
2007 | $1,376,680,844,645.55 | 4.42% |
2008 | $1,427,705,279,034.69 | 3.71% |
2009 | $1,472,993,061,840.12 | 3.17% |
2010 | $1,523,277,224,736.05 | 3.41% |
2011 | $1,569,637,405,731.52 | 3.04% |
2012 | $1,627,152,639,517.35 | 3.66% |
2013 | $1,667,193,966,817.50 | 2.46% |
2014 | $1,707,028,355,957.77 | 2.39% |
2015 | $1,751,968,929,110.11 | 2.63% |
2016 | $1,818,332,126,696.83 | 3.79% |
2017 | $1,864,007,239,819.01 | 2.51% |
2018 | $1,900,811,764,705.88 | 1.97% |
2019 | $1,954,561,990,950.23 | 2.83% |
2020 | $2,034,806,033,182.50 | 4.11% |
2021 | $2,059,907,390,648.57 | 1.23% |
2022 | $2,143,347,209,653.09 | 4.05% |
2023 | $2,153,271,794,871.80 | 0.46% |
2024 | $2,185,198,039,215.69 | 1.48%* |
* 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 | 557.226 |