According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 946.96% higher in 2024 versus 1955 (a $4,024,587,972,768.53 difference in value).
Between 1955 and 2024: Chicago experienced an average inflation rate of 3.46% per year. This rate of change indicates significant inflation. In other words, $425,000,000,000 in Chicago in the year 1955 would cost $4,449,587,972,768.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation in Chicago was lower.
In the year 1955: Pricing changed by 0.67%, which is below the average yearly change in Chicago during the 1955-2024 time period. Compared to inflation for all items in 1955 (-0.29%), inflation in Chicago was higher.
Below are calculations of equivalent buying power in Chicago, over time, for $425,000,000,000 beginning in 1955. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1955 | $425,000,000,000.00 | 0.67% |
1956 | $430,915,279,878.97 | 1.39% |
1957 | $444,931,921,331.32 | 3.25% |
1958 | $458,434,190,620.27 | 3.03% |
1959 | $462,163,388,804.84 | 0.81% |
1960 | $468,593,040,847.20 | 1.39% |
1961 | $470,907,715,582.45 | 0.49% |
1962 | $475,794,251,134.64 | 1.04% |
1963 | $480,552,193,645.99 | 1.00% |
1964 | $482,481,089,258.70 | 0.40% |
1965 | $488,910,741,301.06 | 1.33% |
1966 | $503,570,347,957.64 | 3.00% |
1967 | $516,686,838,124.05 | 2.60% |
1968 | $538,547,655,068.08 | 4.23% |
1969 | $567,995,461,422.09 | 5.47% |
1970 | $600,529,500,756.43 | 5.73% |
1971 | $624,190,620,272.31 | 3.94% |
1972 | $641,936,459,909.23 | 2.84% |
1973 | $682,186,081,694.40 | 6.27% |
1974 | $754,326,777,609.68 | 10.57% |
1975 | $813,865,355,521.94 | 7.89% |
1976 | $852,829,046,898.64 | 4.79% |
1977 | $906,452,344,931.92 | 6.29% |
1978 | $985,279,878,971.26 | 8.70% |
1979 | $1,108,214,826,021.18 | 12.48% |
1980 | $1,268,055,975,794.25 | 14.42% |
1981 | $1,389,447,806,354.01 | 9.57% |
1982 | $1,484,220,877,458.40 | 6.82% |
1983 | $1,543,373,676,248.11 | 3.99% |
1984 | $1,601,626,323,751.89 | 3.77% |
1985 | $1,662,065,052,950.08 | 3.77% |
1986 | $1,696,785,173,978.82 | 2.09% |
1987 | $1,766,739,788,199.70 | 4.12% |
1988 | $1,835,794,251,134.64 | 3.91% |
1989 | $1,928,638,426,626.32 | 5.06% |
1990 | $2,032,284,417,549.17 | 5.37% |
1991 | $2,114,712,556,732.22 | 4.06% |
1992 | $2,176,694,402,420.58 | 2.93% |
1993 | $2,243,819,969,742.81 | 3.08% |
1994 | $2,292,942,511,346.45 | 2.19% |
1995 | $2,365,854,765,506.81 | 3.18% |
1996 | $2,429,122,541,603.63 | 2.67% |
1997 | $2,495,605,143,721.63 | 2.74% |
1998 | $2,545,885,022,692.89 | 2.01% |
1999 | $2,598,608,169,440.24 | 2.07% |
2000 | $2,682,065,052,950.08 | 3.21% |
2001 | $2,751,891,074,130.11 | 2.60% |
2002 | $2,795,741,301,059.00 | 1.59% |
2003 | $2,847,178,517,397.88 | 1.84% |
2004 | $2,910,832,072,617.25 | 2.24% |
2005 | $2,998,918,305,597.58 | 3.03% |
2006 | $3,060,385,779,122.54 | 2.05% |
2007 | $3,160,573,903,177.00 | 3.27% |
2008 | $3,279,671,633,888.05 | 3.77% |
2009 | $3,240,468,759,455.37 | -1.20% |
2010 | $3,284,838,502,269.29 | 1.37% |
2011 | $3,374,551,437,216.34 | 2.73% |
2012 | $3,425,791,906,202.72 | 1.52% |
2013 | $3,464,993,494,704.99 | 1.14% |
2014 | $3,525,523,524,962.18 | 1.75% |
2015 | $3,515,101,059,001.51 | -0.30% |
2016 | $3,538,393,116,490.17 | 0.66% |
2017 | $3,604,895,007,564.30 | 1.88% |
2018 | $3,668,084,341,906.20 | 1.75% |
2019 | $3,721,698,638,426.63 | 1.46% |
2020 | $3,763,240,620,272.31 | 1.12% |
2021 | $3,921,970,726,172.47 | 4.22% |
2022 | $4,218,202,798,789.71 | 7.55% |
2023 | $4,358,524,810,892.59 | 3.33% |
2024 | $4,449,587,972,768.53 | 2.09%* |
* 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 Chicago, Illinois:
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 288.351 |