According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,287.34% higher in 2024 versus 1940 (a $264,367,117,117,117.03 difference in value).
Between 1940 and 2024: Medical care experienced an average inflation rate of 4.86% per year. This rate of change indicates significant inflation. In other words, medical care costing $5,000,000,000,000 in the year 1940 would cost $269,367,117,117,117.03 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for medical care was higher.
In the year 1940: Pricing changed by 0%, which is significantly below the average yearly change for medical care during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for medical care was lower.
Below are calculations of equivalent buying power for Medical care, over time, for $5,000,000,000,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $5,000,000,000,000.00 | - |
1941 | $5,028,957,528,957.53 | 0.58% |
1942 | $5,183,397,683,397.68 | 3.07% |
1943 | $5,434,362,934,362.93 | 4.84% |
1944 | $5,588,803,088,803.09 | 2.84% |
1945 | $5,743,243,243,243.24 | 2.76% |
1946 | $6,061,776,061,776.06 | 5.55% |
1947 | $6,534,006,534,006.53 | 7.79% |
1948 | $6,938,669,438,669.44 | 6.19% |
1949 | $7,161,419,661,419.66 | 3.21% |
1950 | $7,295,069,795,069.79 | 1.87% |
1951 | $7,644,045,144,045.14 | 4.78% |
1952 | $8,059,845,559,845.56 | 5.44% |
1953 | $8,345,708,345,708.35 | 3.55% |
1954 | $8,601,871,101,871.10 | 3.07% |
1955 | $8,802,346,302,346.30 | 2.33% |
1956 | $9,125,334,125,334.13 | 3.67% |
1957 | $9,500,297,000,297.00 | 4.11% |
1958 | $9,953,222,453,222.45 | 4.77% |
1959 | $10,372,735,372,735.37 | 4.21% |
1960 | $10,740,273,240,273.24 | 3.54% |
1961 | $11,063,261,063,261.06 | 3.01% |
1962 | $11,356,548,856,548.86 | 2.65% |
1963 | $11,627,561,627,561.63 | 2.39% |
1964 | $11,865,161,865,161.87 | 2.04% |
1965 | $12,154,737,154,737.15 | 2.44% |
1966 | $12,693,050,193,050.19 | 4.43% |
1967 | $13,587,763,587,763.59 | 7.05% |
1968 | $14,411,939,411,939.41 | 6.07% |
1969 | $15,406,890,406,890.41 | 6.90% |
1970 | $16,386,991,386,991.38 | 6.36% |
1971 | $17,445,054,945,054.95 | 6.46% |
1972 | $18,009,355,509,355.51 | 3.23% |
1973 | $18,707,306,207,306.20 | 3.88% |
1974 | $20,448,470,448,470.45 | 9.31% |
1975 | $22,913,572,913,572.92 | 12.06% |
1976 | $25,092,812,592,812.59 | 9.51% |
1977 | $27,491,089,991,089.99 | 9.56% |
1978 | $29,811,404,811,404.81 | 8.44% |
1979 | $32,569,795,069,795.06 | 9.25% |
1980 | $36,137,511,137,511.13 | 10.95% |
1981 | $40,020,790,020,790.02 | 10.75% |
1982 | $44,665,132,165,132.16 | 11.60% |
1983 | $48,548,411,048,411.05 | 8.69% |
1984 | $51,570,389,070,389.06 | 6.22% |
1985 | $54,785,417,285,417.28 | 6.23% |
1986 | $58,898,871,398,871.38 | 7.51% |
1987 | $62,808,137,808,137.80 | 6.64% |
1988 | $66,910,454,410,454.41 | 6.53% |
1989 | $72,033,709,533,709.53 | 7.66% |
1990 | $78,571,428,571,428.56 | 9.08% |
1991 | $85,432,135,432,135.42 | 8.73% |
1992 | $91,732,254,232,254.22 | 7.37% |
1993 | $97,204,484,704,484.70 | 5.97% |
1994 | $101,841,401,841,401.84 | 4.77% |
1995 | $106,404,068,904,068.88 | 4.48% |
1996 | $110,146,272,646,272.63 | 3.52% |
1997 | $113,216,513,216,513.20 | 2.79% |
1998 | $116,858,479,358,479.31 | 3.22% |
1999 | $120,938,520,938,520.94 | 3.49% |
2000 | $125,846,450,846,450.84 | 4.06% |
2001 | $131,641,669,141,669.13 | 4.60% |
2002 | $137,837,837,837,837.84 | 4.71% |
2003 | $143,376,893,376,893.38 | 4.02% |
2004 | $149,677,012,177,012.16 | 4.39% |
2005 | $155,995,693,495,693.47 | 4.22% |
2006 | $162,251,262,251,262.22 | 4.01% |
2007 | $169,427,420,552,420.53 | 4.42% |
2008 | $175,706,972,081,972.06 | 3.71% |
2009 | $181,280,516,780,516.75 | 3.17% |
2010 | $187,468,963,468,963.44 | 3.41% |
2011 | $193,174,487,674,487.69 | 3.04% |
2012 | $200,252,858,627,858.63 | 3.66% |
2013 | $205,180,724,680,724.63 | 2.46% |
2014 | $210,083,122,958,122.97 | 2.39% |
2015 | $215,613,936,738,936.72 | 2.63% |
2016 | $223,781,222,156,222.13 | 3.79% |
2017 | $229,402,435,402,435.41 | 2.51% |
2018 | $233,931,949,806,949.75 | 1.97% |
2019 | $240,546,963,171,963.16 | 2.83% |
2020 | $250,422,557,172,557.13 | 4.11% |
2021 | $253,511,768,636,768.59 | 1.23% |
2022 | $263,780,665,280,665.19 | 4.05% |
2023 | $265,002,079,002,078.97 | 0.46% |
2024 | $269,367,117,117,117.03 | 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 |