According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,260.53% higher in 2024 versus 1970 (a $756,320,220,427,077.50 difference in value).
Between 1970 and 2024: Other goods and services experienced an average inflation rate of 4.95% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $60,000,000,000,000 in the year 1970 would cost $816,320,220,427,077.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for other goods and services was higher.
In the year 1970: Pricing changed by 5.80%, which is above the average yearly change for other goods and services during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, 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 | 5.80% |
| 1971 | $62,840,503,475,483.76 | 4.73% |
| 1972 | $65,511,929,363,141.09 | 4.25% |
| 1973 | $68,048,093,180,537.30 | 3.87% |
| 1974 | $72,951,343,227,503.30 | 7.21% |
| 1975 | $79,015,592,710,877.33 | 8.31% |
| 1976 | $83,569,415,743,002.08 | 5.76% |
| 1977 | $88,472,665,789,968.08 | 5.87% |
| 1978 | $94,131,129,062,558.72 | 6.40% |
| 1979 | $101,018,222,806,687.95 | 7.32% |
| 1980 | $110,159,684,388,502.72 | 9.05% |
| 1981 | $121,093,368,401,277.48 | 9.93% |
| 1982 | $133,537,478,865,301.56 | 10.28% |
| 1983 | $148,066,879,579,184.69 | 10.88% |
| 1984 | $158,019,913,582,566.25 | 6.72% |
| 1985 | $167,747,510,802,179.25 | 6.16% |
| 1986 | $177,903,437,910,952.47 | 6.05% |
| 1987 | $188,262,258,125,117.44 | 5.82% |
| 1988 | $200,807,815,141,837.38 | 6.66% |
| 1989 | $216,396,768,739,432.63 | 7.76% |
| 1990 | $232,943,828,668,044.41 | 7.65% |
| 1991 | $251,452,188,615,442.47 | 7.95% |
| 1992 | $268,540,296,825,098.63 | 6.80% |
| 1993 | $282,663,911,328,198.38 | 5.26% |
| 1994 | $290,903,625,774,939.00 | 2.92% |
| 1995 | $303,111,027,616,006.00 | 4.20% |
| 1996 | $315,645,312,793,537.50 | 4.14% |
| 1997 | $329,419,500,281,796.06 | 4.36% |
| 1998 | $348,367,461,957,542.75 | 5.75% |
| 1999 | $378,452,000,751,456.00 | 8.64% |
| 2000 | $397,208,341,160,999.50 | 4.96% |
| 2001 | $414,149,915,461,206.06 | 4.27% |
| 2002 | $429,693,781,702,047.75 | 3.75% |
| 2003 | $437,730,603,043,396.63 | 1.87% |
| 2004 | $446,533,909,449,558.50 | 2.01% |
| 2005 | $459,169,641,179,785.94 | 2.83% |
| 2006 | $471,410,858,538,418.25 | 2.67% |
| 2007 | $488,439,000,563,592.06 | 3.61% |
| 2008 | $506,100,732,669,547.38 | 3.62% |
| 2009 | $540,103,024,610,182.31 | 6.72% |
| 2010 | $558,721,172,271,275.63 | 3.45% |
| 2011 | $567,415,029,118,918.00 | 1.56% |
| 2012 | $577,922,074,018,410.75 | 1.85% |
| 2013 | $587,603,456,697,351.13 | 1.68% |
| 2014 | $598,000,713,883,148.75 | 1.77% |
| 2015 | $607,965,583,317,678.00 | 1.67% |
| 2016 | $619,944,955,851,963.25 | 1.97% |
| 2017 | $633,882,359,571,670.25 | 2.25% |
| 2018 | $648,139,319,932,369.00 | 2.25% |
| 2019 | $661,282,622,581,251.25 | 2.03% |
| 2020 | $677,575,840,691,339.50 | 2.46% |
| 2021 | $698,716,175,089,235.50 | 3.12% |
| 2022 | $742,043,434,153,673.00 | 6.20% |
| 2023 | $787,273,605,109,900.50 | 6.10% |
| 2024 | $816,320,220,427,077.50 | 3.69%* |
* 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 | 557.086 |