According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,597.47% higher in 2024 versus 1945 (a $2,206,787,899.16 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 $48,000,000 in the year 1945 would cost $2,254,787,899.16 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 $48,000,000 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 | $48,000,000.00 | 2.76% |
1946 | $50,662,184.87 | 5.55% |
1947 | $54,608,920.49 | 7.79% |
1948 | $57,990,950.23 | 6.19% |
1949 | $59,852,617.97 | 3.21% |
1950 | $60,969,618.62 | 1.87% |
1951 | $63,886,231.42 | 4.78% |
1952 | $67,361,344.54 | 5.44% |
1953 | $69,750,484.81 | 3.55% |
1954 | $71,891,402.71 | 3.07% |
1955 | $73,566,903.68 | 2.33% |
1956 | $76,266,321.91 | 3.67% |
1957 | $79,400,129.28 | 4.11% |
1958 | $83,185,520.36 | 4.77% |
1959 | $86,691,661.28 | 4.21% |
1960 | $89,763,413.06 | 3.54% |
1961 | $92,462,831.29 | 3.01% |
1962 | $94,914,027.15 | 2.65% |
1963 | $97,179,056.24 | 2.39% |
1964 | $99,164,835.16 | 2.04% |
1965 | $101,585,003.23 | 2.44% |
1966 | $106,084,033.61 | 4.43% |
1967 | $113,561,732.39 | 7.05% |
1968 | $120,449,903.04 | 6.07% |
1969 | $128,765,352.29 | 6.90% |
1970 | $136,956,690.37 | 6.36% |
1971 | $145,799,612.15 | 6.46% |
1972 | $150,515,837.10 | 3.23% |
1973 | $156,349,062.70 | 3.88% |
1974 | $170,901,098.90 | 9.31% |
1975 | $191,503,555.27 | 12.06% |
1976 | $209,716,871.36 | 9.51% |
1977 | $229,760,827.41 | 9.56% |
1978 | $249,153,199.74 | 8.44% |
1979 | $272,206,851.97 | 9.25% |
1980 | $302,024,563.67 | 10.95% |
1981 | $334,479,638.01 | 10.75% |
1982 | $373,295,410.47 | 11.60% |
1983 | $405,750,484.81 | 8.69% |
1984 | $431,007,110.54 | 6.22% |
1985 | $457,877,181.64 | 6.23% |
1986 | $492,255,979.31 | 7.51% |
1987 | $524,928,248.22 | 6.64% |
1988 | $559,213,962.51 | 6.53% |
1989 | $602,032,320.62 | 7.66% |
1990 | $656,672,268.91 | 9.08% |
1991 | $714,011,635.42 | 8.73% |
1992 | $766,665,804.78 | 7.37% |
1993 | $812,400,775.69 | 5.97% |
1994 | $851,154,492.57 | 4.77% |
1995 | $889,287,653.52 | 4.48% |
1996 | $920,563,671.62 | 3.52% |
1997 | $946,223,658.69 | 2.79% |
1998 | $976,661,926.31 | 3.22% |
1999 | $1,010,761,473.82 | 3.49% |
2000 | $1,051,780,219.78 | 4.06% |
2001 | $1,100,214,608.92 | 4.60% |
2002 | $1,152,000,000.00 | 4.71% |
2003 | $1,198,293,471.23 | 4.02% |
2004 | $1,250,947,640.59 | 4.39% |
2005 | $1,303,756,948.93 | 4.22% |
2006 | $1,356,038,784.74 | 4.01% |
2007 | $1,416,014,583.06 | 4.42% |
2008 | $1,468,496,858.44 | 3.71% |
2009 | $1,515,078,577.89 | 3.17% |
2010 | $1,566,799,431.16 | 3.41% |
2011 | $1,614,484,188.75 | 3.04% |
2012 | $1,673,642,714.93 | 3.66% |
2013 | $1,714,828,080.16 | 2.46% |
2014 | $1,755,800,594.70 | 2.39% |
2015 | $1,802,025,184.23 | 2.63% |
2016 | $1,870,284,473.17 | 3.79% |
2017 | $1,917,264,589.53 | 2.51% |
2018 | $1,955,120,672.27 | 1.97% |
2019 | $2,010,406,619.26 | 2.83% |
2020 | $2,092,943,348.42 | 4.11% |
2021 | $2,118,761,887.52 | 1.23% |
2022 | $2,204,585,701.36 | 4.05% |
2023 | $2,214,793,846.15 | 0.46% |
2024 | $2,254,787,899.16 | 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 |