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 $6,267,383,073,659.57 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 $425,000,000,000 in the year 1967 would cost $6,692,383,073,659.57 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 $425,000,000,000 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 | $425,000,000,000.00 | - |
1968 | $447,196,620,583.72 | 5.22% |
1969 | $469,206,714,944.04 | 4.92% |
1970 | $496,439,543,559.36 | 5.80% |
1971 | $519,941,847,706.82 | 4.73% |
1972 | $542,045,205,178.85 | 4.25% |
1973 | $563,029,405,310.51 | 3.87% |
1974 | $603,598,858,898.40 | 7.21% |
1975 | $653,774,412,991.00 | 8.31% |
1976 | $691,452,710,116.30 | 5.76% |
1977 | $732,022,163,704.19 | 5.87% |
1978 | $778,840,245,775.73 | 6.40% |
1979 | $835,824,007,022.16 | 7.32% |
1980 | $911,460,390,607.86 | 9.05% |
1981 | $1,001,925,608,953.26 | 9.93% |
1982 | $1,104,888,084,265.96 | 10.28% |
1983 | $1,225,104,235,242.48 | 10.88% |
1984 | $1,307,455,562,870.31 | 6.72% |
1985 | $1,387,941,628,264.21 | 6.16% |
1986 | $1,471,971,691,902.57 | 6.05% |
1987 | $1,557,680,491,551.46 | 5.82% |
1988 | $1,661,482,334,869.43 | 6.66% |
1989 | $1,790,465,218,345.40 | 7.76% |
1990 | $1,927,375,466,315.56 | 7.65% |
1991 | $2,080,513,495,720.87 | 7.95% |
1992 | $2,221,900,373,052.45 | 6.80% |
1993 | $2,338,759,052,007.90 | 5.26% |
1994 | $2,406,934,386,657.89 | 2.92% |
1995 | $2,507,938,336,624.97 | 4.20% |
1996 | $2,611,646,916,831.25 | 4.14% |
1997 | $2,725,614,439,324.12 | 4.36% |
1998 | $2,882,389,730,085.58 | 5.75% |
1999 | $3,131,308,975,202.99 | 8.64% |
2000 | $3,286,498,793,065.61 | 4.96% |
2001 | $3,426,673,249,945.14 | 4.27% |
2002 | $3,555,283,080,974.33 | 3.75% |
2003 | $3,621,779,679,613.78 | 1.87% |
2004 | $3,694,618,169,848.59 | 2.01% |
2005 | $3,799,166,118,060.13 | 2.83% |
2006 | $3,900,449,857,362.30 | 2.67% |
2007 | $4,041,340,574,939.65 | 3.61% |
2008 | $4,187,473,612,025.46 | 3.62% |
2009 | $4,468,808,316,875.14 | 6.72% |
2010 | $4,622,854,728,988.37 | 3.45% |
2011 | $4,694,787,634,408.60 | 1.56% |
2012 | $4,781,722,843,976.30 | 1.85% |
2013 | $4,861,826,530,612.25 | 1.68% |
2014 | $4,947,853,357,472.02 | 1.77% |
2015 | $5,030,302,611,367.13 | 1.67% |
2016 | $5,129,419,848,584.60 | 1.97% |
2017 | $5,244,737,820,934.83 | 2.25% |
2018 | $5,362,699,802,501.65 | 2.25% |
2019 | $5,471,447,388,632.87 | 2.03% |
2020 | $5,606,257,351,327.63 | 2.46% |
2021 | $5,781,172,317,314.02 | 3.12% |
2022 | $6,139,661,729,207.81 | 6.20% |
2023 | $6,513,895,819,618.17 | 6.10% |
2024 | $6,692,383,073,659.57 | 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 |