According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,327.18% higher in 2024 versus 1937 (a $74,580,514,563.11 difference in value).
Between 1937 and 2024: Medical care experienced an average inflation rate of 4.70% per year. This rate of change indicates significant inflation. In other words, medical care costing $1,400,000,000 in the year 1937 would cost $75,980,514,563.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for medical care was higher.
In the year 1937: Pricing changed by 0.98%, which is significantly below the average yearly change for medical care during the 1937-2024 time period. Compared to inflation for all items in 1937 (3.72%), inflation for medical care was lower.
Below are calculations of equivalent buying power for Medical care, over time, for $1,400,000,000 beginning in 1937. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1937 | $1,400,000,000.00 | 0.98% |
1938 | $1,400,000,000.00 | 0.00% ** |
1939 | $1,408,155,339.81 | 0.58% |
1940 | $1,408,155,339.81 | 0.00% ** |
1941 | $1,416,310,679.61 | 0.58% |
1942 | $1,459,805,825.24 | 3.07% |
1943 | $1,530,485,436.89 | 4.84% |
1944 | $1,573,980,582.52 | 2.84% |
1945 | $1,617,475,728.16 | 2.76% |
1946 | $1,707,184,466.02 | 5.55% |
1947 | $1,840,179,238.24 | 7.79% |
1948 | $1,954,144,884.24 | 6.19% |
1949 | $2,016,878,267.36 | 3.21% |
1950 | $2,054,518,297.24 | 1.87% |
1951 | $2,152,800,597.46 | 4.78% |
1952 | $2,269,902,912.62 | 5.44% |
1953 | $2,350,410,754.29 | 3.55% |
1954 | $2,422,554,144.88 | 3.07% |
1955 | $2,479,014,189.69 | 2.33% |
1956 | $2,569,977,595.22 | 3.67% |
1957 | $2,675,578,790.14 | 4.11% |
1958 | $2,803,136,669.16 | 4.77% |
1959 | $2,921,284,540.70 | 4.21% |
1960 | $3,024,794,622.85 | 3.54% |
1961 | $3,115,758,028.38 | 3.01% |
1962 | $3,198,356,982.82 | 2.65% |
1963 | $3,274,682,598.95 | 2.39% |
1964 | $3,341,598,207.62 | 2.04% |
1965 | $3,423,151,605.68 | 2.44% |
1966 | $3,574,757,281.55 | 4.43% |
1967 | $3,826,736,370.43 | 7.05% |
1968 | $4,058,849,887.98 | 6.07% |
1969 | $4,339,058,999.25 | 6.90% |
1970 | $4,615,085,884.99 | 6.36% |
1971 | $4,913,069,454.82 | 6.46% |
1972 | $5,071,994,025.39 | 3.23% |
1973 | $5,268,558,625.84 | 3.88% |
1974 | $5,758,924,570.58 | 9.31% |
1975 | $6,453,174,010.46 | 12.06% |
1976 | $7,066,915,608.66 | 9.51% |
1977 | $7,742,345,033.61 | 9.56% |
1978 | $8,395,817,774.46 | 8.44% |
1979 | $9,172,666,168.78 | 9.25% |
1980 | $10,177,445,855.12 | 10.95% |
1981 | $11,271,097,834.20 | 10.75% |
1982 | $12,579,088,872.29 | 11.60% |
1983 | $13,672,740,851.38 | 8.69% |
1984 | $14,523,823,749.07 | 6.22% |
1985 | $15,429,275,578.79 | 6.23% |
1986 | $16,587,752,053.77 | 7.51% |
1987 | $17,688,722,927.56 | 6.64% |
1988 | $18,844,062,733.38 | 6.53% |
1989 | $20,286,930,545.18 | 7.66% |
1990 | $22,128,155,339.81 | 9.08% |
1991 | $24,060,343,539.96 | 8.73% |
1992 | $25,834,652,725.91 | 7.37% |
1993 | $27,375,802,837.94 | 5.97% |
1994 | $28,681,702,763.26 | 4.77% |
1995 | $29,966,691,560.87 | 4.48% |
1996 | $31,020,612,397.31 | 3.52% |
1997 | $31,885,287,528.01 | 2.79% |
1998 | $32,910,978,342.05 | 3.22% |
1999 | $34,060,044,809.56 | 3.49% |
2000 | $35,442,270,351.01 | 4.06% |
2001 | $37,074,383,868.56 | 4.60% |
2002 | $38,819,417,475.73 | 4.71% |
2003 | $40,379,387,602.69 | 4.02% |
2004 | $42,153,696,788.65 | 4.39% |
2005 | $43,933,233,756.53 | 4.22% |
2006 | $45,694,996,265.87 | 4.01% |
2007 | $47,716,025,392.08 | 4.42% |
2008 | $49,484,542,195.67 | 3.71% |
2009 | $51,054,225,541.45 | 3.17% |
2010 | $52,797,084,391.34 | 3.41% |
2011 | $54,403,937,266.62 | 3.04% |
2012 | $56,397,426,437.64 | 3.66% |
2013 | $57,785,266,616.88 | 2.46% |
2014 | $59,165,934,279.31 | 2.39% |
2015 | $60,723,583,271.10 | 2.63% |
2016 | $63,023,744,585.51 | 3.79% |
2017 | $64,606,852,875.28 | 2.51% |
2018 | $65,882,504,854.37 | 1.97% |
2019 | $67,745,498,132.94 | 2.83% |
2020 | $70,526,772,218.07 | 4.11% |
2021 | $71,396,790,141.90 | 1.23% |
2022 | $74,288,830,470.50 | 4.05% |
2023 | $74,632,818,521.28 | 0.46% |
2024 | $75,980,514,563.11 | 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 |