According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 1,566.97% higher in 2024 versus 1945 (a $15,669,716,599.19 difference in value).
Between 1945 and 2024: Philadelphia experienced an average inflation rate of 3.63% per year. This rate of change indicates significant inflation. In other words, $1,000,000,000 in Philadelphia in the year 1945 would cost $16,669,716,599.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation in Philadelphia was lower.
In the year 1945: Pricing changed by 2.68%, which is below the average yearly change in Philadelphia during the 1945-2024 time period. Compared to inflation for all items in 1945 (2.27%), inflation in Philadelphia was higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $1,000,000,000 beginning in 1945. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1945 | $1,000,000,000.00 | 2.68% |
1946 | $1,085,470,085.47 | 8.55% |
1947 | $1,242,015,294.65 | 14.42% |
1948 | $1,340,530,814.22 | 7.93% |
1949 | $1,324,786,324.79 | -1.17% |
1950 | $1,332,883,490.78 | 0.61% |
1951 | $1,456,140,350.88 | 9.25% |
1952 | $1,484,030,589.29 | 1.92% |
1953 | $1,491,228,070.18 | 0.48% |
1954 | $1,506,522,717.05 | 1.03% |
1955 | $1,503,373,819.16 | -0.21% |
1956 | $1,524,066,576.70 | 1.38% |
1957 | $1,573,099,415.20 | 3.22% |
1958 | $1,604,138,551.51 | 1.97% |
1959 | $1,622,132,253.71 | 1.12% |
1960 | $1,650,922,177.24 | 1.77% |
1961 | $1,669,365,722.00 | 1.12% |
1962 | $1,684,210,526.32 | 0.89% |
1963 | $1,714,349,977.51 | 1.79% |
1964 | $1,741,340,530.81 | 1.57% |
1965 | $1,768,331,084.12 | 1.55% |
1966 | $1,819,163,292.85 | 2.87% |
1967 | $1,868,645,973.91 | 2.72% |
1968 | $1,958,164,642.38 | 4.79% |
1969 | $2,062,078,272.60 | 5.31% |
1970 | $2,200,629,779.58 | 6.72% |
1971 | $2,308,142,150.25 | 4.89% |
1972 | $2,372,019,793.07 | 2.77% |
1973 | $2,531,713,900.13 | 6.73% |
1974 | $2,832,208,726.95 | 11.87% |
1975 | $3,067,926,225.82 | 8.32% |
1976 | $3,219,523,166.89 | 4.94% |
1977 | $3,429,599,640.13 | 6.53% |
1978 | $3,629,779,577.15 | 5.84% |
1979 | $3,990,553,306.34 | 9.94% |
1980 | $4,511,470,985.16 | 13.05% |
1981 | $4,970,760,233.92 | 10.18% |
1982 | $5,212,325,686.01 | 4.86% |
1983 | $5,364,372,469.64 | 2.92% |
1984 | $5,616,284,300.49 | 4.70% |
1985 | $5,871,345,029.24 | 4.54% |
1986 | $6,017,094,017.09 | 2.48% |
1987 | $6,305,443,094.92 | 4.79% |
1988 | $6,607,287,449.39 | 4.79% |
1989 | $6,925,775,978.41 | 4.82% |
1990 | $7,332,883,490.78 | 5.88% |
1991 | $7,675,213,675.21 | 4.67% |
1992 | $7,912,730,544.31 | 3.09% |
1993 | $8,109,761,583.45 | 2.49% |
1994 | $8,347,728,295.10 | 2.93% |
1995 | $8,566,351,776.88 | 2.62% |
1996 | $8,790,373,369.32 | 2.62% |
1997 | $8,985,155,195.68 | 2.22% |
1998 | $9,075,123,706.70 | 1.00% |
1999 | $9,269,005,847.95 | 2.14% |
2000 | $9,516,869,095.82 | 2.67% |
2001 | $9,780,476,833.11 | 2.77% |
2002 | $9,969,410,706.25 | 1.93% |
2003 | $10,184,885,290.15 | 2.16% |
2004 | $10,588,394,062.08 | 3.96% |
2005 | $11,008,996,851.10 | 3.97% |
2006 | $11,432,748,538.01 | 3.85% |
2007 | $11,683,405,308.14 | 2.19% |
2008 | $12,100,949,167.79 | 3.57% |
2009 | $12,038,479,532.16 | -0.52% |
2010 | $12,285,078,722.45 | 2.05% |
2011 | $12,607,147,998.20 | 2.62% |
2012 | $12,843,364,822.31 | 1.87% |
2013 | $12,997,557,354.93 | 1.20% |
2014 | $13,170,701,754.39 | 1.33% |
2015 | $13,159,388,214.13 | -0.09% |
2016 | $13,236,378,767.43 | 0.59% |
2017 | $13,404,840,305.89 | 1.27% |
2018 | $13,583,540,260.91 | 1.33% |
2019 | $13,841,376,518.22 | 1.90% |
2020 | $13,968,209,626.63 | 0.92% |
2021 | $14,514,520,917.68 | 3.91% |
2022 | $15,648,600,989.65 | 7.81% |
2023 | $16,358,124,156.55 | 4.53% |
2024 | $16,669,716,599.19 | 1.90%* |
* 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 Philadelphia, Pennsylvania:
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 | 10.200 | 10.208 | 10.408 | 11.808 | 14.342 | 17.433 | 20.308 | 18.617 | 17.267 | 17.542 | 17.692 | 18.275 | 18.833 | 18.567 | 18.158 | 17.808 | 17.608 | 16.225 | 14.600 | 13.375 | 14.017 | 14.233 | 14.508 | 14.858 | 14.550 | 14.317 | 14.333 | 15.042 | 16.733 | 17.800 | 18.042 | 18.525 | 20.108 | 23.008 | 24.833 | 24.542 | 24.692 | 26.975 | 27.492 | 27.625 | 27.908 | 27.850 | 28.233 | 29.142 | 29.717 | 30.050 | 30.583 | 30.925 | 31.200 | 31.758 | 32.258 | 32.758 | 33.700 | 34.617 | 36.275 | 38.200 | 40.767 | 42.758 | 43.942 | 46.900 | 52.467 | 56.833 | 59.642 | 63.533 | 67.242 | 73.925 | 83.575 | 92.083 | 96.558 | 99.375 | 104.042 | 108.767 | 111.467 | 116.808 | 122.400 | 128.300 | 135.842 | 142.183 | 146.583 | 150.233 | 154.642 | 158.692 | 162.842 | 166.450 | 168.117 | 171.708 | 176.300 | 181.183 | 184.683 | 188.675 | 196.150 | 203.942 | 211.792 | 216.435 | 224.170 | 223.013 | 227.581 | 233.547 | 237.923 | 240.780 | 243.987 | 243.778 | 245.204 | 248.325 | 251.635 | 256.411 | 258.761 | 268.882 | 289.890 | 303.034 | 308.807 |