In much of the first world, a medical degree is an undergraduate program, not 4 years followed by a very lengthy graduate program. Also, in some countries, an undergraduate degree is typically a 3-year program rather than a 4-year program as in the USA. The AMA in the USA is the strongest “union” in the world LOL.
Inflation between 1963 and 1970 was roughly the same as inflation from 2019 to 2024. The really big inflation came in the 70s and early 80s.