According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,380.39% higher in 2024 versus 1935 (a $39,107,690,183.12 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 $726,856,420 in the year 1935 would cost $39,834,546,603.12 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 $726,856,420 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 | $726,856,420.00 | - |
1936 | $726,856,420.00 | 0.00% ** |
1937 | $733,982,463.33 | 0.98% |
1938 | $733,982,463.33 | 0.00% ** |
1939 | $738,258,089.33 | 0.58% |
1940 | $738,258,089.33 | 0.00% ** |
1941 | $742,533,715.33 | 0.58% |
1942 | $765,337,054.00 | 3.07% |
1943 | $802,392,479.33 | 4.84% |
1944 | $825,195,818.00 | 2.84% |
1945 | $847,999,156.67 | 2.76% |
1946 | $895,031,042.67 | 5.55% |
1947 | $964,756,635.90 | 7.79% |
1948 | $1,024,505,768.46 | 6.19% |
1949 | $1,057,395,199.23 | 3.21% |
1950 | $1,077,128,857.69 | 1.87% |
1951 | $1,128,655,632.56 | 4.78% |
1952 | $1,190,049,236.67 | 5.44% |
1953 | $1,232,257,339.49 | 3.55% |
1954 | $1,270,080,184.87 | 3.07% |
1955 | $1,299,680,672.56 | 2.33% |
1956 | $1,347,370,347.18 | 3.67% |
1957 | $1,402,734,222.31 | 4.11% |
1958 | $1,469,609,398.21 | 4.77% |
1959 | $1,531,551,159.49 | 4.21% |
1960 | $1,585,818,720.26 | 3.54% |
1961 | $1,633,508,394.87 | 3.01% |
1962 | $1,676,812,812.05 | 2.65% |
1963 | $1,716,828,286.15 | 2.39% |
1964 | $1,751,910,345.64 | 2.04% |
1965 | $1,794,666,605.64 | 2.44% |
1966 | $1,874,149,396.67 | 4.43% |
1967 | $2,006,255,276.92 | 7.05% |
1968 | $2,127,946,170.77 | 6.07% |
1969 | $2,274,852,294.87 | 6.90% |
1970 | $2,419,565,790.26 | 6.36% |
1971 | $2,575,790,586.41 | 6.46% |
1972 | $2,659,110,477.69 | 3.23% |
1973 | $2,762,164,027.44 | 3.88% |
1974 | $3,019,249,744.62 | 9.31% |
1975 | $3,383,226,111.79 | 12.06% |
1976 | $3,704,994,376.15 | 9.51% |
1977 | $4,059,103,914.10 | 9.56% |
1978 | $4,401,702,151.28 | 8.44% |
1979 | $4,808,982,935.64 | 9.25% |
1980 | $5,335,761,985.13 | 10.95% |
1981 | $5,909,134,394.87 | 10.75% |
1982 | $6,594,879,026.41 | 11.60% |
1983 | $7,168,251,436.15 | 8.69% |
1984 | $7,614,451,380.26 | 6.22% |
1985 | $8,089,155,497.69 | 6.23% |
1986 | $8,696,513,652.56 | 7.51% |
1987 | $9,273,723,162.56 | 6.64% |
1988 | $9,879,436,845.90 | 6.53% |
1989 | $10,635,893,753.59 | 7.66% |
1990 | $11,601,198,546.67 | 9.08% |
1991 | $12,614,193,014.36 | 8.73% |
1992 | $13,544,415,747.95 | 7.37% |
1993 | $14,352,399,430.51 | 5.97% |
1994 | $15,037,047,747.69 | 4.77% |
1995 | $15,710,732,921.28 | 4.48% |
1996 | $16,263,275,358.21 | 3.52% |
1997 | $16,716,601,345.64 | 2.79% |
1998 | $17,254,343,538.72 | 3.22% |
1999 | $17,856,768,278.97 | 3.49% |
2000 | $18,581,432,070.26 | 4.06% |
2001 | $19,437,105,427.44 | 4.60% |
2002 | $20,351,979,760.00 | 4.71% |
2003 | $21,169,830,271.79 | 4.02% |
2004 | $22,100,053,005.38 | 4.39% |
2005 | $23,033,016,524.87 | 4.22% |
2006 | $23,956,661,372.31 | 4.01% |
2007 | $25,016,232,755.54 | 4.42% |
2008 | $25,943,418,698.36 | 3.71% |
2009 | $26,766,361,590.35 | 3.17% |
2010 | $27,680,095,755.98 | 3.41% |
2011 | $28,522,525,635.70 | 3.04% |
2012 | $29,567,658,558.83 | 3.66% |
2013 | $30,295,265,954.16 | 2.46% |
2014 | $31,019,112,991.25 | 2.39% |
2015 | $31,835,746,594.11 | 2.63% |
2016 | $33,041,659,499.55 | 3.79% |
2017 | $33,871,640,729.72 | 2.51% |
2018 | $34,540,430,859.70 | 1.97% |
2019 | $35,517,148,285.25 | 2.83% |
2020 | $36,975,295,716.84 | 4.11% |
2021 | $37,431,422,787.46 | 1.23% |
2022 | $38,947,641,990.64 | 4.05% |
2023 | $39,127,985,702.69 | 0.46% |
2024 | $39,834,546,603.12 | 1.81%* |
* 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 | 559.000 |