According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,256.32% higher in 2024 versus 1941 (a $2,417,907,741,522.71 difference in value).
Between 1941 and 2024: Medical care experienced an average inflation rate of 4.91% per year. This rate of change indicates significant inflation. In other words, medical care costing $46,000,000,000 in the year 1941 would cost $2,463,907,741,522.71 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.74% during this same period, inflation for medical care was higher.
In the year 1941: Pricing changed by 0.58%, which is significantly below the average yearly change for medical care during the 1941-2024 time period. Compared to inflation for all items in 1941 (5.11%), inflation for medical care was much lower.
Below are calculations of equivalent buying power for Medical care, over time, for $46,000,000,000 beginning in 1941. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1941 | $46,000,000,000.00 | 0.58% |
1942 | $47,412,667,946.26 | 3.07% |
1943 | $49,708,253,358.93 | 4.84% |
1944 | $51,120,921,305.18 | 2.84% |
1945 | $52,533,589,251.44 | 2.76% |
1946 | $55,447,216,890.60 | 5.55% |
1947 | $59,766,720,803.19 | 7.79% |
1948 | $63,468,182,489.30 | 6.19% |
1949 | $65,505,684,334.86 | 3.21% |
1950 | $66,728,185,442.20 | 1.87% |
1951 | $69,920,271,666.91 | 4.78% |
1952 | $73,723,608,445.30 | 5.44% |
1953 | $76,338,402,480.44 | 3.55% |
1954 | $78,681,529,602.83 | 3.07% |
1955 | $80,515,281,263.84 | 2.33% |
1956 | $83,469,658,939.91 | 3.67% |
1957 | $86,899,453,713.27 | 4.11% |
1958 | $91,042,374,132.59 | 4.77% |
1959 | $94,879,669,275.06 | 4.21% |
1960 | $98,241,547,320.24 | 3.54% |
1961 | $101,195,924,996.31 | 3.01% |
1962 | $103,878,635,759.63 | 2.65% |
1963 | $106,357,596,338.40 | 2.39% |
1964 | $108,530,931,640.34 | 2.04% |
1965 | $111,179,684,039.57 | 2.44% |
1966 | $116,103,646,833.01 | 4.43% |
1967 | $124,287,612,579.36 | 7.05% |
1968 | $131,826,369,407.94 | 6.07% |
1969 | $140,927,210,984.79 | 6.90% |
1970 | $149,892,219,105.27 | 6.36% |
1971 | $159,570,352,871.70 | 6.46% |
1972 | $164,732,024,213.79 | 3.23% |
1973 | $171,116,196,663.22 | 3.88% |
1974 | $187,042,669,422.71 | 9.31% |
1975 | $209,591,023,180.27 | 12.06% |
1976 | $229,524,582,902.70 | 9.51% |
1977 | $251,461,686,106.60 | 9.56% |
1978 | $272,685,663,664.55 | 8.44% |
1979 | $297,916,728,185.44 | 9.25% |
1980 | $330,550,716,078.55 | 10.95% |
1981 | $366,071,164,919.53 | 10.75% |
1982 | $408,553,078,399.53 | 11.60% |
1983 | $444,073,527,240.51 | 8.69% |
1984 | $471,715,635,611.99 | 6.22% |
1985 | $501,123,578,916.29 | 6.23% |
1986 | $538,749,446,331.02 | 7.51% |
1987 | $574,507,603,720.66 | 6.64% |
1988 | $612,031,596,043.11 | 6.53% |
1989 | $658,894,138,491.07 | 7.66% |
1990 | $718,694,817,658.35 | 9.08% |
1991 | $781,449,874,501.70 | 8.73% |
1992 | $839,077,218,367.05 | 7.37% |
1993 | $889,131,847,039.72 | 5.97% |
1994 | $931,545,843,791.53 | 4.77% |
1995 | $973,280,673,261.48 | 4.48% |
1996 | $1,007,510,704,266.94 | 3.52% |
1997 | $1,035,594,271,371.62 | 2.79% |
1998 | $1,068,907,426,546.58 | 3.22% |
1999 | $1,106,227,668,684.48 | 3.49% |
2000 | $1,151,120,626,015.06 | 4.06% |
2001 | $1,204,129,632,363.80 | 4.60% |
2002 | $1,260,806,142,034.55 | 4.71% |
2003 | $1,311,472,021,260.89 | 4.02% |
2004 | $1,369,099,365,126.24 | 4.39% |
2005 | $1,426,896,500,812.05 | 4.22% |
2006 | $1,484,116,344,308.28 | 4.01% |
2007 | $1,549,756,843,348.59 | 4.42% |
2008 | $1,607,196,057,876.86 | 3.71% |
2009 | $1,658,177,410,305.63 | 3.17% |
2010 | $1,714,783,286,579.06 | 3.41% |
2011 | $1,766,971,858,851.32 | 3.04% |
2012 | $1,831,717,894,581.43 | 3.66% |
2013 | $1,876,793,208,327.18 | 2.46% |
2014 | $1,921,635,567,695.26 | 2.39% |
2015 | $1,972,226,059,353.31 | 2.63% |
2016 | $2,046,932,422,855.46 | 3.79% |
2017 | $2,098,349,800,679.17 | 2.51% |
2018 | $2,139,781,381,957.77 | 1.97% |
2019 | $2,200,289,074,265.47 | 2.83% |
2020 | $2,290,621,379,004.87 | 4.11% |
2021 | $2,318,878,473,350.07 | 1.23% |
2022 | $2,412,808,327,181.46 | 4.05% |
2023 | $2,423,980,628,967.96 | 0.46% |
2024 | $2,463,907,741,522.71 | 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 |