According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,597.47% higher in 2024 versus 1945 (a $33,417,040,668.39 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 $726,856,420 in the year 1945 would cost $34,143,897,088.39 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 $726,856,420 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 | $726,856,420.00 | 2.76% |
1946 | $767,169,465.14 | 5.55% |
1947 | $826,934,259.34 | 7.79% |
1948 | $878,147,801.54 | 6.19% |
1949 | $906,338,742.20 | 3.21% |
1950 | $923,253,306.59 | 1.87% |
1951 | $967,419,113.63 | 4.78% |
1952 | $1,020,042,202.86 | 5.44% |
1953 | $1,056,220,576.70 | 3.55% |
1954 | $1,088,640,158.46 | 3.07% |
1955 | $1,114,012,005.05 | 2.33% |
1956 | $1,154,888,869.01 | 3.67% |
1957 | $1,202,343,619.12 | 4.11% |
1958 | $1,259,665,198.46 | 4.77% |
1959 | $1,312,758,136.70 | 4.21% |
1960 | $1,359,273,188.79 | 3.54% |
1961 | $1,400,150,052.75 | 3.01% |
1962 | $1,437,268,124.62 | 2.65% |
1963 | $1,471,567,102.42 | 2.39% |
1964 | $1,501,637,439.12 | 2.04% |
1965 | $1,538,285,661.98 | 2.44% |
1966 | $1,606,413,768.57 | 4.43% |
1967 | $1,719,647,380.22 | 7.05% |
1968 | $1,823,953,860.66 | 6.07% |
1969 | $1,949,873,395.60 | 6.90% |
1970 | $2,073,913,534.51 | 6.36% |
1971 | $2,207,820,502.64 | 6.46% |
1972 | $2,279,237,552.31 | 3.23% |
1973 | $2,367,569,166.37 | 3.88% |
1974 | $2,587,928,352.53 | 9.31% |
1975 | $2,899,908,095.82 | 12.06% |
1976 | $3,175,709,465.27 | 9.51% |
1977 | $3,479,231,926.37 | 9.56% |
1978 | $3,772,887,558.24 | 8.44% |
1979 | $4,121,985,373.41 | 9.25% |
1980 | $4,573,510,272.97 | 10.95% |
1981 | $5,064,972,338.46 | 10.75% |
1982 | $5,652,753,451.21 | 11.60% |
1983 | $6,144,215,516.70 | 8.69% |
1984 | $6,526,672,611.65 | 6.22% |
1985 | $6,933,561,855.16 | 6.23% |
1986 | $7,454,154,559.34 | 7.51% |
1987 | $7,948,905,567.91 | 6.64% |
1988 | $8,468,088,725.05 | 6.53% |
1989 | $9,116,480,360.22 | 7.66% |
1990 | $9,943,884,468.57 | 9.08% |
1991 | $10,812,165,440.88 | 8.73% |
1992 | $11,609,499,212.53 | 7.37% |
1993 | $12,302,056,654.73 | 5.97% |
1994 | $12,888,898,069.45 | 4.77% |
1995 | $13,466,342,503.96 | 4.48% |
1996 | $13,939,950,307.03 | 3.52% |
1997 | $14,328,515,439.12 | 2.79% |
1998 | $14,789,437,318.90 | 3.22% |
1999 | $15,305,801,381.98 | 3.49% |
2000 | $15,926,941,774.51 | 4.06% |
2001 | $16,660,376,080.66 | 4.60% |
2002 | $17,444,554,080.00 | 4.71% |
2003 | $18,145,568,804.40 | 4.02% |
2004 | $18,942,902,576.04 | 4.39% |
2005 | $19,742,585,592.75 | 4.22% |
2006 | $20,534,281,176.26 | 4.01% |
2007 | $21,442,485,219.04 | 4.42% |
2008 | $22,237,216,027.16 | 3.71% |
2009 | $22,942,595,648.87 | 3.17% |
2010 | $23,725,796,362.27 | 3.41% |
2011 | $24,447,879,116.32 | 3.04% |
2012 | $25,343,707,336.14 | 3.66% |
2013 | $25,967,370,817.85 | 2.46% |
2014 | $26,587,811,135.36 | 2.39% |
2015 | $27,287,782,794.95 | 2.63% |
2016 | $28,321,422,428.18 | 3.79% |
2017 | $29,032,834,911.19 | 2.51% |
2018 | $29,606,083,594.03 | 1.97% |
2019 | $30,443,269,958.79 | 2.83% |
2020 | $31,693,110,614.43 | 4.11% |
2021 | $32,084,076,674.96 | 1.23% |
2022 | $33,383,693,134.83 | 4.05% |
2023 | $33,538,273,459.45 | 0.46% |
2024 | $34,143,897,088.39 | 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 |