According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 661.86% higher in 2024 versus 1970 (a $416,973,845,053.15 difference in value).
Between 1970 and 2024: Philadelphia experienced an average inflation rate of 3.83% per year. This rate of change indicates significant inflation. In other words, $63,000,000,000 in Philadelphia in the year 1970 would cost $479,973,845,053.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation in Philadelphia was lower.
In the year 1970: Pricing changed by 6.72%, which is above the average yearly change in Philadelphia during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation in Philadelphia was higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $63,000,000,000 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 | $63,000,000,000.00 | 6.72% |
1971 | $66,077,882,256.75 | 4.89% |
1972 | $67,906,582,174.98 | 2.77% |
1973 | $72,478,331,970.56 | 6.73% |
1974 | $81,080,948,487.33 | 11.87% |
1975 | $87,829,108,748.98 | 8.32% |
1976 | $92,169,051,512.67 | 4.94% |
1977 | $98,183,156,173.34 | 6.53% |
1978 | $103,913,941,128.37 | 5.84% |
1979 | $114,242,232,215.86 | 9.94% |
1980 | $129,155,151,267.38 | 13.05% |
1981 | $142,303,761,242.85 | 10.18% |
1982 | $149,219,337,694.19 | 4.86% |
1983 | $153,572,158,626.33 | 2.92% |
1984 | $160,783,932,951.76 | 4.70% |
1985 | $168,085,854,456.26 | 4.54% |
1986 | $172,258,381,030.25 | 2.48% |
1987 | $180,513,286,999.18 | 4.79% |
1988 | $189,154,538,021.26 | 4.79% |
1989 | $198,272,281,275.55 | 4.82% |
1990 | $209,927,023,712.18 | 5.88% |
1991 | $219,727,309,893.70 | 4.67% |
1992 | $226,526,982,829.11 | 3.09% |
1993 | $232,167,620,605.07 | 2.49% |
1994 | $238,980,171,708.91 | 2.93% |
1995 | $245,238,961,569.91 | 2.62% |
1996 | $251,652,289,452.17 | 2.62% |
1997 | $257,228,536,385.94 | 2.22% |
1998 | $259,804,170,073.59 | 1.00% |
1999 | $265,354,660,670.48 | 2.14% |
2000 | $272,450,531,479.97 | 2.67% |
2001 | $279,997,138,184.79 | 2.77% |
2002 | $285,405,968,928.86 | 1.93% |
2003 | $291,574,611,610.79 | 2.16% |
2004 | $303,126,328,699.92 | 3.96% |
2005 | $315,167,416,189.70 | 3.97% |
2006 | $327,298,650,858.54 | 3.85% |
2007 | $334,474,495,094.03 | 2.19% |
2008 | $346,428,011,038.43 | 3.57% |
2009 | $344,639,619,787.41 | -0.52% |
2010 | $351,699,302,943.58 | 2.05% |
2011 | $360,919,556,418.64 | 2.62% |
2012 | $367,682,011,447.26 | 1.87% |
2013 | $372,096,261,242.85 | 1.20% |
2014 | $377,053,068,274.73 | 1.33% |
2015 | $376,729,182,338.51 | -0.09% |
2016 | $378,933,280,866.72 | 0.59% |
2017 | $383,756,026,165.17 | 1.27% |
2018 | $388,871,878,577.27 | 1.33% |
2019 | $396,253,258,381.03 | 1.90% |
2020 | $399,884,257,972.20 | 0.92% |
2021 | $415,524,149,632.05 | 3.91% |
2022 | $447,990,784,955.03 | 7.81% |
2023 | $468,303,133,687.65 | 4.53% |
2024 | $479,973,845,053.15 | 2.49%* |
* 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 | 310.586 |