According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,590.16% higher in 2024 versus 1945 (a $103,278,529.41 difference in value).
Between 1945 and 2024: Medical care experienced an average inflation rate of 4.99% per year. This rate of change indicates significant inflation. In other words, medical care costing $2,250,000 in the year 1945 would cost $105,528,529.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation for medical care was higher.
In the year 1945: Pricing changed by 2.76%, which is below the average yearly change for medical care during the 1945-2024 time period. Compared to inflation for all items in 1945 (2.27%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $2,250,000 beginning in 1945. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1945 | $2,250,000.00 | 2.76% |
1946 | $2,374,789.92 | 5.55% |
1947 | $2,559,793.15 | 7.79% |
1948 | $2,718,325.79 | 6.19% |
1949 | $2,805,591.47 | 3.21% |
1950 | $2,857,950.87 | 1.87% |
1951 | $2,994,667.10 | 4.78% |
1952 | $3,157,563.03 | 5.44% |
1953 | $3,269,553.98 | 3.55% |
1954 | $3,369,909.50 | 3.07% |
1955 | $3,448,448.61 | 2.33% |
1956 | $3,574,983.84 | 3.67% |
1957 | $3,721,881.06 | 4.11% |
1958 | $3,899,321.27 | 4.77% |
1959 | $4,063,671.62 | 4.21% |
1960 | $4,207,659.99 | 3.54% |
1961 | $4,334,195.22 | 3.01% |
1962 | $4,449,095.02 | 2.65% |
1963 | $4,555,268.26 | 2.39% |
1964 | $4,648,351.65 | 2.04% |
1965 | $4,761,797.03 | 2.44% |
1966 | $4,972,689.08 | 4.43% |
1967 | $5,323,206.21 | 7.05% |
1968 | $5,646,089.20 | 6.07% |
1969 | $6,035,875.89 | 6.90% |
1970 | $6,419,844.86 | 6.36% |
1971 | $6,834,356.82 | 6.46% |
1972 | $7,055,429.86 | 3.23% |
1973 | $7,328,862.31 | 3.88% |
1974 | $8,010,989.01 | 9.31% |
1975 | $8,976,729.15 | 12.06% |
1976 | $9,830,478.35 | 9.51% |
1977 | $10,770,038.78 | 9.56% |
1978 | $11,679,056.24 | 8.44% |
1979 | $12,759,696.19 | 9.25% |
1980 | $14,157,401.42 | 10.95% |
1981 | $15,678,733.03 | 10.75% |
1982 | $17,498,222.37 | 11.60% |
1983 | $19,019,553.98 | 8.69% |
1984 | $20,203,458.31 | 6.22% |
1985 | $21,462,992.89 | 6.23% |
1986 | $23,074,499.03 | 7.51% |
1987 | $24,606,011.64 | 6.64% |
1988 | $26,213,154.49 | 6.53% |
1989 | $28,220,265.03 | 7.66% |
1990 | $30,781,512.61 | 9.08% |
1991 | $33,469,295.41 | 8.73% |
1992 | $35,937,459.60 | 7.37% |
1993 | $38,081,286.36 | 5.97% |
1994 | $39,897,866.84 | 4.77% |
1995 | $41,685,358.76 | 4.48% |
1996 | $43,151,422.11 | 3.52% |
1997 | $44,354,234.00 | 2.79% |
1998 | $45,781,027.80 | 3.22% |
1999 | $47,379,444.09 | 3.49% |
2000 | $49,302,197.80 | 4.06% |
2001 | $51,572,559.79 | 4.60% |
2002 | $54,000,000.00 | 4.71% |
2003 | $56,170,006.46 | 4.02% |
2004 | $58,638,170.65 | 4.39% |
2005 | $61,113,606.98 | 4.22% |
2006 | $63,564,318.03 | 4.01% |
2007 | $66,375,683.58 | 4.42% |
2008 | $68,835,790.24 | 3.71% |
2009 | $71,019,308.34 | 3.17% |
2010 | $73,443,723.34 | 3.41% |
2011 | $75,678,946.35 | 3.04% |
2012 | $78,452,002.26 | 3.66% |
2013 | $80,382,566.26 | 2.46% |
2014 | $82,303,152.88 | 2.39% |
2015 | $84,469,930.51 | 2.63% |
2016 | $87,669,584.68 | 3.79% |
2017 | $89,871,777.63 | 2.51% |
2018 | $91,646,281.51 | 1.97% |
2019 | $94,237,810.28 | 2.83% |
2020 | $98,106,719.46 | 4.11% |
2021 | $99,316,963.48 | 1.23% |
2022 | $103,339,954.75 | 4.05% |
2023 | $103,818,461.54 | 0.46% |
2024 | $105,528,529.41 | 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 |