According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,295.75% higher in 2024 versus 1939 (a $2,647,874,034.75 difference in value).
Between 1939 and 2024: Medical care experienced an average inflation rate of 4.80% per year. This rate of change indicates significant inflation. In other words, medical care costing $50,000,000 in the year 1939 would cost $2,697,874,034.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.72% during this same period, inflation for medical care was higher.
In the year 1939: Pricing changed by 0.58%, which is significantly below the average yearly change for medical care during the 1939-2024 time period. Compared to inflation for all items in 1939 (-1.31%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $50,000,000 beginning in 1939. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1939 | $50,000,000.00 | 0.58% |
1940 | $50,000,000.00 | 0.00% ** |
1941 | $50,289,575.29 | 0.58% |
1942 | $51,833,976.83 | 3.07% |
1943 | $54,343,629.34 | 4.84% |
1944 | $55,888,030.89 | 2.84% |
1945 | $57,432,432.43 | 2.76% |
1946 | $60,617,760.62 | 5.55% |
1947 | $65,340,065.34 | 7.79% |
1948 | $69,386,694.39 | 6.19% |
1949 | $71,614,196.61 | 3.21% |
1950 | $72,950,697.95 | 1.87% |
1951 | $76,440,451.44 | 4.78% |
1952 | $80,598,455.60 | 5.44% |
1953 | $83,457,083.46 | 3.55% |
1954 | $86,018,711.02 | 3.07% |
1955 | $88,023,463.02 | 2.33% |
1956 | $91,253,341.25 | 3.67% |
1957 | $95,002,970.00 | 4.11% |
1958 | $99,532,224.53 | 4.77% |
1959 | $103,727,353.73 | 4.21% |
1960 | $107,402,732.40 | 3.54% |
1961 | $110,632,610.63 | 3.01% |
1962 | $113,565,488.57 | 2.65% |
1963 | $116,275,616.28 | 2.39% |
1964 | $118,651,618.65 | 2.04% |
1965 | $121,547,371.55 | 2.44% |
1966 | $126,930,501.93 | 4.43% |
1967 | $135,877,635.88 | 7.05% |
1968 | $144,119,394.12 | 6.07% |
1969 | $154,068,904.07 | 6.90% |
1970 | $163,869,913.87 | 6.36% |
1971 | $174,450,549.45 | 6.46% |
1972 | $180,093,555.09 | 3.23% |
1973 | $187,073,062.07 | 3.88% |
1974 | $204,484,704.48 | 9.31% |
1975 | $229,135,729.14 | 12.06% |
1976 | $250,928,125.93 | 9.51% |
1977 | $274,910,899.91 | 9.56% |
1978 | $298,114,048.11 | 8.44% |
1979 | $325,697,950.70 | 9.25% |
1980 | $361,375,111.38 | 10.95% |
1981 | $400,207,900.21 | 10.75% |
1982 | $446,651,321.65 | 11.60% |
1983 | $485,484,110.48 | 8.69% |
1984 | $515,703,890.70 | 6.22% |
1985 | $547,854,172.85 | 6.23% |
1986 | $588,988,713.99 | 7.51% |
1987 | $628,081,378.08 | 6.64% |
1988 | $669,104,544.10 | 6.53% |
1989 | $720,337,095.34 | 7.66% |
1990 | $785,714,285.71 | 9.08% |
1991 | $854,321,354.32 | 8.73% |
1992 | $917,322,542.32 | 7.37% |
1993 | $972,044,847.04 | 5.97% |
1994 | $1,018,414,018.41 | 4.77% |
1995 | $1,064,040,689.04 | 4.48% |
1996 | $1,101,462,726.46 | 3.52% |
1997 | $1,132,165,132.17 | 2.79% |
1998 | $1,168,584,793.58 | 3.22% |
1999 | $1,209,385,209.39 | 3.49% |
2000 | $1,258,464,508.46 | 4.06% |
2001 | $1,316,416,691.42 | 4.60% |
2002 | $1,378,378,378.38 | 4.71% |
2003 | $1,433,768,933.77 | 4.02% |
2004 | $1,496,770,121.77 | 4.39% |
2005 | $1,559,956,934.96 | 4.22% |
2006 | $1,622,512,622.51 | 4.01% |
2007 | $1,694,274,205.52 | 4.42% |
2008 | $1,757,069,720.82 | 3.71% |
2009 | $1,812,805,167.81 | 3.17% |
2010 | $1,874,689,634.69 | 3.41% |
2011 | $1,931,744,876.74 | 3.04% |
2012 | $2,002,528,586.28 | 3.66% |
2013 | $2,051,807,246.81 | 2.46% |
2014 | $2,100,831,229.58 | 2.39% |
2015 | $2,156,139,367.39 | 2.63% |
2016 | $2,237,812,221.56 | 3.79% |
2017 | $2,294,024,354.02 | 2.51% |
2018 | $2,339,319,498.07 | 1.97% |
2019 | $2,405,469,631.72 | 2.83% |
2020 | $2,504,225,571.73 | 4.11% |
2021 | $2,535,117,686.37 | 1.23% |
2022 | $2,637,806,652.81 | 4.05% |
2023 | $2,650,020,790.02 | 0.46% |
2024 | $2,697,874,034.75 | 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 |