According to the U.S. Bureau of Labor Statistics, prices in New York are 708.75% higher in 2024 versus 1970 (a $425,247,630,619,684.06 difference in value).
Between 1970 and 2024: New York experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, $60,000,000,000,000 in New York in the year 1970 would cost $485,247,630,619,684.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation in New York was higher.
In the year 1970: Pricing changed by 7.42%, which is significantly above the average yearly change in New York during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation in New York was higher.
Below are calculations of equivalent buying power in New York, over time, for $60,000,000,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $60,000,000,000,000.00 | 7.42% |
1971 | $63,475,091,130,012.16 | 5.79% |
1972 | $66,269,744,835,965.97 | 4.40% |
1973 | $70,486,026,731,470.23 | 6.36% |
1974 | $78,068,043,742,405.83 | 10.76% |
1975 | $83,997,569,866,342.64 | 7.60% |
1976 | $88,930,741,190,765.50 | 5.87% |
1977 | $93,560,145,808,019.44 | 5.21% |
1978 | $98,930,741,190,765.50 | 5.74% |
1979 | $107,496,962,332,928.31 | 8.66% |
1980 | $119,635,479,951,397.31 | 11.29% |
1981 | $131,409,477,521,263.69 | 9.84% |
1982 | $139,003,645,200,486.05 | 5.78% |
1983 | $145,565,006,075,334.16 | 4.72% |
1984 | $152,855,407,047,387.63 | 5.01% |
1985 | $158,505,467,800,729.03 | 3.70% |
1986 | $163,705,953,827,460.50 | 3.28% |
1987 | $171,980,558,930,741.19 | 5.05% |
1988 | $180,340,218,712,029.16 | 4.86% |
1989 | $190,364,520,048,602.72 | 5.56% |
1990 | $202,004,860,267,314.72 | 6.11% |
1991 | $211,130,012,150,668.28 | 4.52% |
1992 | $218,748,481,166,464.16 | 3.61% |
1993 | $225,285,540,704,738.81 | 2.99% |
1994 | $230,643,985,419,198.09 | 2.38% |
1995 | $236,439,854,191,980.56 | 2.51% |
1996 | $243,390,036,452,004.81 | 2.94% |
1997 | $249,064,398,541,919.88 | 2.33% |
1998 | $253,134,872,417,983.00 | 1.63% |
1999 | $258,055,893,074,119.13 | 1.94% |
2000 | $266,075,334,143,377.91 | 3.11% |
2001 | $272,855,407,047,387.59 | 2.55% |
2002 | $279,805,589,307,411.91 | 2.55% |
2003 | $288,396,111,786,148.25 | 3.07% |
2004 | $298,566,221,142,162.81 | 3.53% |
2005 | $310,145,808,019,441.06 | 3.88% |
2006 | $321,859,052,247,873.63 | 3.78% |
2007 | $330,896,840,826,245.44 | 2.81% |
2008 | $343,789,671,931,956.25 | 3.90% |
2009 | $345,309,234,507,897.94 | 0.44% |
2010 | $351,199,270,959,902.75 | 1.71% |
2011 | $361,192,102,065,613.63 | 2.85% |
2012 | $368,294,046,172,539.50 | 1.97% |
2013 | $374,483,232,077,764.31 | 1.68% |
2014 | $379,435,601,458,080.19 | 1.32% |
2015 | $379,914,702,308,626.94 | 0.13% |
2016 | $384,007,168,894,289.19 | 1.08% |
2017 | $391,524,301,336,573.50 | 1.96% |
2018 | $398,989,793,438,639.19 | 1.91% |
2019 | $405,585,662,211,421.63 | 1.65% |
2020 | $412,519,441,069,258.81 | 1.71% |
2021 | $426,200,607,533,414.31 | 3.32% |
2022 | $452,210,935,601,458.06 | 6.10% |
2023 | $469,498,784,933,171.25 | 3.82% |
2024 | $485,247,630,619,684.06 | 3.35%* |
* 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 New York:
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 | 9.900 | 9.917 | 10.200 | 11.508 | 14.050 | 17.158 | 20.117 | 18.408 | 17.283 | 17.458 | 17.492 | 17.767 | 18.267 | 18.050 | 17.875 | 17.808 | 17.575 | 16.367 | 14.950 | 13.933 | 14.192 | 14.375 | 14.550 | 14.867 | 14.617 | 14.550 | 14.700 | 15.250 | 16.717 | 17.967 | 18.400 | 18.825 | 20.683 | 23.167 | 24.742 | 24.467 | 24.608 | 26.442 | 26.900 | 27.042 | 27.208 | 27.083 | 27.483 | 28.358 | 29.208 | 29.650 | 30.192 | 30.458 | 30.925 | 31.600 | 32.092 | 32.608 | 33.708 | 34.583 | 36.075 | 38.308 | 41.150 | 43.533 | 45.450 | 48.342 | 53.542 | 57.608 | 60.992 | 64.167 | 67.850 | 73.725 | 82.050 | 90.125 | 95.333 | 99.833 | 104.833 | 108.708 | 112.275 | 117.950 | 123.683 | 130.558 | 138.542 | 144.800 | 150.025 | 154.508 | 158.183 | 162.158 | 166.925 | 170.817 | 173.608 | 176.983 | 182.483 | 187.133 | 191.900 | 197.792 | 204.767 | 212.708 | 220.742 | 226.940 | 235.782 | 236.825 | 240.864 | 247.718 | 252.588 | 256.833 | 260.230 | 260.558 | 263.365 | 268.520 | 273.641 | 278.164 | 282.920 | 292.303 | 310.141 | 321.998 | 332.799 |