According to the U.S. Bureau of Labor Statistics, prices for medical care are 5,096.73% higher in 2024 versus 1942 (a $254,836,436,995,654.84 difference in value).
Between 1942 and 2024: Medical care experienced an average inflation rate of 4.94% per year. This rate of change indicates significant inflation. In other words, medical care costing $5,000,000,000,000 in the year 1942 would cost $259,836,436,995,654.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for medical care was higher.
In the year 1942: Pricing changed by 3.07%, which is below the average yearly change for medical care during the 1942-2024 time period. Compared to inflation for all items in 1942 (10.92%), inflation for medical care was much lower.
Below are calculations of equivalent buying power for Medical care, over time, for $5,000,000,000,000 beginning in 1942. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1942 | $5,000,000,000,000.00 | 3.07% |
1943 | $5,242,085,661,080.07 | 4.84% |
1944 | $5,391,061,452,513.97 | 2.84% |
1945 | $5,540,037,243,947.86 | 2.76% |
1946 | $5,847,299,813,780.26 | 5.55% |
1947 | $6,302,821,945,280.05 | 7.79% |
1948 | $6,693,167,168,027.50 | 6.19% |
1949 | $6,908,036,097,980.23 | 3.21% |
1950 | $7,036,957,455,951.87 | 1.87% |
1951 | $7,373,585,446,211.14 | 4.78% |
1952 | $7,774,674,115,456.24 | 5.44% |
1953 | $8,050,422,575,562.24 | 3.55% |
1954 | $8,297,521,845,007.88 | 3.07% |
1955 | $8,490,903,881,965.34 | 2.33% |
1956 | $8,802,463,830,396.79 | 3.67% |
1957 | $9,164,159,862,483.89 | 4.11% |
1958 | $9,601,060,020,054.43 | 4.77% |
1959 | $10,005,729,838,132.07 | 4.21% |
1960 | $10,360,263,572,554.08 | 3.54% |
1961 | $10,671,823,520,985.53 | 3.01% |
1962 | $10,954,734,278,756.63 | 2.65% |
1963 | $11,216,158,143,532.44 | 2.39% |
1964 | $11,445,351,668,815.36 | 2.04% |
1965 | $11,724,681,277,753.90 | 2.44% |
1966 | $12,243,947,858,473.00 | 4.43% |
1967 | $13,107,004,727,116.46 | 7.05% |
1968 | $13,902,019,767,941.56 | 6.07% |
1969 | $14,861,767,655,063.75 | 6.90% |
1970 | $15,807,190,946,855.75 | 6.36% |
1971 | $16,827,818,364,131.22 | 6.46% |
1972 | $17,372,152,986,678.13 | 3.23% |
1973 | $18,045,408,967,196.68 | 3.88% |
1974 | $19,724,967,769,660.51 | 9.31% |
1975 | $22,102,850,594,470.71 | 12.06% |
1976 | $24,204,984,959,174.90 | 9.51% |
1977 | $26,518,407,104,999.29 | 9.56% |
1978 | $28,756,625,125,340.21 | 8.44% |
1979 | $31,417,418,707,921.50 | 9.25% |
1980 | $34,858,902,735,997.71 | 10.95% |
1981 | $38,604,784,414,840.28 | 10.75% |
1982 | $43,084,801,604,354.67 | 11.60% |
1983 | $46,830,683,283,197.25 | 8.69% |
1984 | $49,745,738,432,889.27 | 6.22% |
1985 | $52,847,013,321,873.66 | 6.23% |
1986 | $56,814,926,228,334.04 | 7.51% |
1987 | $60,585,875,949,004.44 | 6.64% |
1988 | $64,543,045,408,967.20 | 6.53% |
1989 | $69,485,030,797,879.95 | 7.66% |
1990 | $75,791,433,891,992.55 | 9.08% |
1991 | $82,409,396,934,536.59 | 8.73% |
1992 | $88,486,606,503,366.28 | 7.37% |
1993 | $93,765,219,882,538.31 | 5.97% |
1994 | $98,238,074,774,387.59 | 4.77% |
1995 | $102,639,306,689,586.02 | 4.48% |
1996 | $106,249,104,712,791.84 | 3.52% |
1997 | $109,210,714,797,306.98 | 2.79% |
1998 | $112,723,821,802,034.08 | 3.22% |
1999 | $116,659,504,369,001.58 | 3.49% |
2000 | $121,393,783,125,626.70 | 4.06% |
2001 | $126,983,956,453,230.20 | 4.60% |
2002 | $132,960,893,854,748.59 | 4.71% |
2003 | $138,303,967,912,906.48 | 4.02% |
2004 | $144,381,177,481,736.16 | 4.39% |
2005 | $150,476,292,794,728.53 | 4.22% |
2006 | $156,510,528,577,567.66 | 4.01% |
2007 | $163,432,781,836,413.13 | 4.42% |
2008 | $169,490,151,840,710.50 | 3.71% |
2009 | $174,866,494,771,522.69 | 3.17% |
2010 | $180,835,983,383,469.41 | 3.41% |
2011 | $186,339,636,155,278.59 | 3.04% |
2012 | $193,167,561,953,874.84 | 3.66% |
2013 | $197,921,071,479,730.72 | 2.46% |
2014 | $202,650,014,324,595.28 | 2.39% |
2015 | $207,985,138,232,344.88 | 2.63% |
2016 | $215,863,450,795,015.03 | 3.79% |
2017 | $221,285,775,676,837.16 | 2.51% |
2018 | $225,655,027,932,960.88 | 1.97% |
2019 | $232,035,990,545,767.13 | 2.83% |
2020 | $241,562,168,743,732.97 | 4.11% |
2021 | $244,542,078,498,782.41 | 1.23% |
2022 | $254,447,643,604,068.16 | 4.05% |
2023 | $255,625,841,569,975.69 | 0.46% |
2024 | $259,836,436,995,654.84 | 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 |