Boston, Massachusetts prices: $3,600,000 in 1967 $28,742,735.62 in 2018

Inflation in Massachusetts

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Prices in Boston, 1967-2018 ($3,600,000)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts were 698.41% higher in 2018 versus 1967 (a $25,142,735.62 difference in value).

Between 1967 and 2018: Boston experienced an average inflation rate of 4.16% per year. This rate of change indicates significant inflation. In other words, $3,600,000 in Boston in the year 1967 would cost $28,742,735.62 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 4.03% during this same period, inflation in Boston was higher.

In the year 1967: Pricing changed by 2.62%, which is below the average yearly change in Boston during the 1967-2018 time period. Compared to inflation for all items in 1967 (2.80%), inflation in Boston was lower.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Boston, Massachusetts:

Year 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 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
CPI 10.500 10.517 10.817 12.275 14.458 17.533 20.558 18.717 17.058 17.317 17.433 17.625 18.275 18.083 17.733 17.650 17.525 16.167 14.575 13.608 14.033 14.325 14.408 14.733 14.358 14.142 14.275 14.908 16.500 17.367 17.558 17.917 19.383 22.067 23.883 23.592 23.900 25.500 26.058 26.125 26.225 26.350 27.075 28.025 28.925 29.150 29.700 30.150 30.800 31.425 31.850 32.450 33.450 34.325 35.675 37.650 39.950 42.075 43.575 46.000 50.750 55.325 59.825 62.875 66.233 72.900 82.150 91.483 95.400 99.617 104.517 109.150 112.133 116.917 123.783 131.000 138.583 144.867 148.400 152.817 154.750 158.467 163.100 167.800 171.583 175.733 183.267 191.383 196.267 203.533 209.367 216.000 222.900 227.096 235.423 233.509 237.341 243.629 247.564 251.007 255.125 256.743 260.282 266.921 274.054

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Buying power of $3600000 since 1967

Below are calculations of equivalent buying power in Boston, over time, for $3600000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1967 $3,600,000.00 2.62%
1968 $3,741,587.76 3.93%
1969 $3,948,725.42 5.54%
1970 $4,189,949.02 6.11%
1971 $4,412,818.65 5.32%
1972 $4,570,138.38 3.57%
1973 $4,824,471.96 5.57%
1974 $5,322,651.13 10.33%
1975 $5,802,476.33 9.01%
1976 $6,274,435.54 8.13%
1977 $6,594,319.01 5.10%
1978 $6,946,540.42 5.34%
1979 $7,645,739.26 10.07%
1980 $8,615,877.64 12.69%
1981 $9,594,756.01 11.36%
1982 $10,005,535.32 4.28%
1983 $10,447,778.59 4.42%
1984 $10,961,689.73 4.92%
1985 $11,447,632.92 4.43%
1986 $11,760,524.40 2.73%
1987 $12,262,199.56 4.27%
1988 $12,982,374.36 5.87%
1989 $13,739,257.10 5.83%
1990 $14,534,595.78 5.79%
1991 $15,193,590.68 4.53%
1992 $15,564,166.06 2.44%
1993 $16,027,385.29 2.98%
1994 $16,230,152.95 1.27%
1995 $16,619,956.30 2.40%
1996 $17,105,899.49 2.92%
1997 $17,598,834.67 2.88%
1998 $17,995,630.01 2.25%
1999 $18,430,881.28 2.42%
2000 $19,220,975.97 4.29%
2001 $20,072,250.55 4.43%
2002 $20,584,413.69 2.55%
2003 $21,346,540.42 3.70%
2004 $21,958,339.40 2.87%
2005 $22,654,042.24 3.17%
2006 $23,377,713.04 3.19%
2007 $23,817,753.82 1.88%
2008 $24,691,140.57 3.67%
2009 $24,490,400.58 -0.81%
2010 $24,892,247.63 1.64%
2011 $25,551,714.49 2.65%
2012 $25,964,434.09 1.62%
2013 $26,325,587.76 1.39%
2014 $26,757,465.40 1.64%
2015 $26,927,143.48 0.63%
2016 $27,298,330.66 1.38%
2017 $27,994,627.82 2.55%
2018 $28,742,735.62 2.67%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for Boston, 1967-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1967 * 1967 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 34.325 in the year 1967 and 274.054 in 2018:

274.054 / 34.325 * $3,600,000 = $28,742,735.62

Therefore, according to U.S. Bureau of Labor Statistics, $3,600,000 in 1967 has the same "purchasing power" as $28,742,735.62 in 2018 (in the CPI category of Boston, Massachusetts).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boston, Massachusetts in 1914. In addition to Boston, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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