According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,474.68% higher in 2024 versus 1967 (a $12,829,701.82 difference in value).
Between 1967 and 2024: Other goods and services experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $870,000 in the year 1967 would cost $13,699,701.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $870,000 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 | $870,000.00 | - |
1968 | $915,437.79 | 5.22% |
1969 | $960,493.75 | 4.92% |
1970 | $1,016,240.95 | 5.80% |
1971 | $1,064,351.55 | 4.73% |
1972 | $1,109,598.42 | 4.25% |
1973 | $1,152,554.31 | 3.87% |
1974 | $1,235,602.37 | 7.21% |
1975 | $1,338,314.68 | 8.31% |
1976 | $1,415,444.37 | 5.76% |
1977 | $1,498,492.43 | 5.87% |
1978 | $1,594,331.80 | 6.40% |
1979 | $1,710,980.91 | 7.32% |
1980 | $1,865,813.03 | 9.05% |
1981 | $2,051,000.66 | 9.93% |
1982 | $2,261,770.90 | 10.28% |
1983 | $2,507,860.43 | 10.88% |
1984 | $2,676,438.45 | 6.72% |
1985 | $2,841,198.16 | 6.16% |
1986 | $3,013,212.64 | 6.05% |
1987 | $3,188,663.59 | 5.82% |
1988 | $3,401,152.07 | 6.66% |
1989 | $3,665,187.62 | 7.76% |
1990 | $3,945,450.95 | 7.65% |
1991 | $4,258,933.51 | 7.95% |
1992 | $4,548,360.76 | 6.80% |
1993 | $4,787,577.35 | 5.26% |
1994 | $4,927,136.27 | 2.92% |
1995 | $5,133,897.30 | 4.20% |
1996 | $5,346,194.87 | 4.14% |
1997 | $5,579,493.09 | 4.36% |
1998 | $5,900,421.33 | 5.75% |
1999 | $6,409,973.67 | 8.64% |
2000 | $6,727,656.35 | 4.96% |
2001 | $7,014,601.71 | 4.27% |
2002 | $7,277,873.60 | 3.75% |
2003 | $7,413,996.05 | 1.87% |
2004 | $7,563,100.72 | 2.01% |
2005 | $7,777,116.52 | 2.83% |
2006 | $7,984,450.30 | 2.67% |
2007 | $8,272,861.88 | 3.61% |
2008 | $8,572,004.81 | 3.62% |
2009 | $9,147,913.50 | 6.72% |
2010 | $9,463,255.56 | 3.45% |
2011 | $9,610,506.45 | 1.56% |
2012 | $9,788,467.94 | 1.85% |
2013 | $9,952,444.90 | 1.68% |
2014 | $10,128,546.87 | 1.77% |
2015 | $10,297,325.35 | 1.67% |
2016 | $10,500,224.16 | 1.97% |
2017 | $10,736,286.83 | 2.25% |
2018 | $10,977,761.95 | 2.25% |
2019 | $11,200,374.65 | 2.03% |
2020 | $11,476,338.58 | 2.46% |
2021 | $11,834,399.80 | 3.12% |
2022 | $12,568,248.72 | 6.20% |
2023 | $13,334,327.91 | 6.10% |
2024 | $13,699,701.82 | 2.74%* |
* 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 Other goods and services:
Year | 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 | 35.054 | 36.885 | 38.700 | 40.946 | 42.885 | 44.708 | 46.438 | 49.785 | 53.923 | 57.031 | 60.377 | 64.238 | 68.938 | 75.177 | 82.638 | 91.131 | 101.046 | 107.838 | 114.477 | 121.408 | 128.477 | 137.038 | 147.677 | 158.969 | 171.600 | 183.262 | 192.900 | 198.523 | 206.854 | 215.408 | 224.808 | 237.738 | 258.269 | 271.069 | 282.631 | 293.238 | 298.723 | 304.731 | 313.354 | 321.708 | 333.328 | 345.381 | 368.586 | 381.291 | 387.224 | 394.395 | 401.002 | 408.097 | 414.898 | 423.073 | 432.584 | 442.314 | 451.283 | 462.402 | 476.829 | 506.397 | 537.264 | 551.985 |