According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,719.76% higher in 2024 versus 1944 (a $1,670,796,442,141.62 difference in value).
Between 1944 and 2024: Medical care experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, medical care costing $35,400,000,000 in the year 1944 would cost $1,706,196,442,141.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for medical care was higher.
In the year 1944: Pricing changed by 2.84%, which is below the average yearly change for medical care during the 1944-2024 time period. Compared to inflation for all items in 1944 (1.64%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $35,400,000,000 beginning in 1944. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1944 | $35,400,000,000.00 | 2.84% |
1945 | $36,378,238,341.97 | 2.76% |
1946 | $38,395,854,922.28 | 5.55% |
1947 | $41,387,006,775.61 | 7.79% |
1948 | $43,950,179,354.32 | 6.19% |
1949 | $45,361,100,039.86 | 3.21% |
1950 | $46,207,652,451.18 | 1.87% |
1951 | $48,418,094,858.51 | 4.78% |
1952 | $51,051,813,471.50 | 5.44% |
1953 | $52,862,495,017.94 | 3.55% |
1954 | $54,485,053,806.30 | 3.07% |
1955 | $55,754,882,423.28 | 2.33% |
1956 | $57,800,717,417.30 | 3.67% |
1957 | $60,175,767,237.94 | 4.11% |
1958 | $63,044,639,298.53 | 4.77% |
1959 | $65,701,873,256.28 | 4.21% |
1960 | $68,029,892,387.41 | 3.54% |
1961 | $70,075,727,381.43 | 3.01% |
1962 | $71,933,439,617.38 | 2.65% |
1963 | $73,650,059,784.77 | 2.39% |
1964 | $75,155,041,849.34 | 2.04% |
1965 | $76,989,238,740.53 | 2.44% |
1966 | $80,398,963,730.57 | 4.43% |
1967 | $86,066,161,817.46 | 7.05% |
1968 | $91,286,568,353.93 | 6.07% |
1969 | $97,588,680,749.30 | 6.90% |
1970 | $103,796,731,765.64 | 6.36% |
1971 | $110,498,605,021.92 | 6.46% |
1972 | $114,072,937,425.27 | 3.23% |
1973 | $118,493,822,239.94 | 3.88% |
1974 | $129,522,518,931.85 | 9.31% |
1975 | $145,136,707,851.73 | 12.06% |
1976 | $158,940,215,225.19 | 9.51% |
1977 | $174,131,127,939.42 | 9.56% |
1978 | $188,828,218,413.71 | 8.44% |
1979 | $206,300,119,569.55 | 9.25% |
1980 | $228,898,365,882.82 | 10.95% |
1981 | $253,495,416,500.60 | 10.75% |
1982 | $282,913,112,793.94 | 11.60% |
1983 | $307,510,163,411.72 | 8.69% |
1984 | $326,651,654,045.44 | 6.22% |
1985 | $347,015,942,606.62 | 6.23% |
1986 | $373,070,944,599.44 | 7.51% |
1987 | $397,832,602,630.53 | 6.64% |
1988 | $423,817,058,589.08 | 6.53% |
1989 | $456,268,234,356.32 | 7.66% |
1990 | $497,678,756,476.68 | 9.08% |
1991 | $541,135,113,591.07 | 8.73% |
1992 | $581,040,653,646.87 | 7.37% |
1993 | $615,702,271,821.44 | 5.97% |
1994 | $645,072,937,425.27 | 4.77% |
1995 | $673,973,296,133.92 | 4.48% |
1996 | $697,676,763,650.86 | 3.52% |
1997 | $717,123,953,766.44 | 2.79% |
1998 | $740,192,506,974.89 | 3.22% |
1999 | $766,035,870,864.89 | 3.49% |
2000 | $797,123,156,636.11 | 4.06% |
2001 | $833,830,609,804.70 | 4.60% |
2002 | $873,077,720,207.25 | 4.71% |
2003 | $908,162,614,587.49 | 4.02% |
2004 | $948,068,154,643.28 | 4.39% |
2005 | $988,091,271,422.88 | 4.22% |
2006 | $1,027,714,627,341.57 | 4.01% |
2007 | $1,073,169,083,300.12 | 4.42% |
2008 | $1,112,944,348,345.95 | 3.71% |
2009 | $1,148,247,700,279.00 | 3.17% |
2010 | $1,187,445,898,764.45 | 3.41% |
2011 | $1,223,585,221,203.67 | 3.04% |
2012 | $1,268,420,282,981.27 | 3.66% |
2013 | $1,299,633,846,153.85 | 2.46% |
2014 | $1,330,686,094,061.38 | 2.39% |
2015 | $1,365,718,784,376.25 | 2.63% |
2016 | $1,417,451,131,925.07 | 3.79% |
2017 | $1,453,056,420,884.82 | 2.51% |
2018 | $1,481,746,787,564.77 | 1.97% |
2019 | $1,523,646,899,163.01 | 2.83% |
2020 | $1,586,199,832,602.63 | 4.11% |
2021 | $1,605,767,186,129.93 | 1.23% |
2022 | $1,670,811,335,193.30 | 4.05% |
2023 | $1,678,547,883,618.97 | 0.46% |
2024 | $1,706,196,442,141.62 | 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 |