According to the U.S. Bureau of Labor Statistics, prices for shelter were 1,042.37% higher in 2016 versus 1960 (a $17,720,375 difference in value).
Between 1960 and 2016: Shelter experienced an average inflation rate of 4.45% per year. This rate of change indicates significant inflation. In other words, shelter costing $1,700,000 in the year 1960 would cost $19,420,375 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.81% during this same period, inflation for shelter was higher.
In the year 1960: Pricing changed by 2.02%, which is below the average yearly change for shelter during the 1960-2016 time period. Compared to inflation for all items in 1960 (1.48%), inflation for shelter was higher.
Below are calculations of equivalent buying power for Shelter, over time, for $1,700,000 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1960 | $1,700,000.00 | 2.02% |
1961 | $1,714,512.20 | 0.85% |
1962 | $1,733,689.02 | 1.12% |
1963 | $1,756,493.90 | 1.32% |
1964 | $1,785,518.29 | 1.65% |
1965 | $1,818,689.02 | 1.86% |
1966 | $1,873,109.76 | 2.99% |
1967 | $1,938,414.63 | 3.49% |
1968 | $2,030,152.44 | 4.73% |
1969 | $2,194,969.51 | 8.12% |
1970 | $2,394,512.20 | 9.09% |
1971 | $2,494,542.68 | 4.18% |
1972 | $2,605,975.61 | 4.47% |
1973 | $2,727,256.10 | 4.65% |
1974 | $2,992,103.66 | 9.71% |
1975 | $3,287,530.49 | 9.87% |
1976 | $3,468,414.63 | 5.50% |
1977 | $3,702,164.63 | 6.74% |
1978 | $4,075,853.66 | 10.09% |
1979 | $4,642,347.56 | 13.90% |
1980 | $5,457,103.66 | 17.55% |
1981 | $6,096,676.83 | 11.72% |
1982 | $6,528,414.63 | 7.08% |
1983 | $6,679,237.80 | 2.31% |
1984 | $7,006,798.78 | 4.90% |
1985 | $7,399,146.34 | 5.60% |
1986 | $7,803,932.93 | 5.47% |
1987 | $8,169,329.27 | 4.68% |
1988 | $8,562,713.41 | 4.82% |
1989 | $8,949,878.05 | 4.52% |
1990 | $9,431,890.24 | 5.39% |
1991 | $9,855,853.66 | 4.49% |
1992 | $10,187,042.68 | 3.36% |
1993 | $10,492,835.37 | 3.00% |
1994 | $10,815,731.71 | 3.08% |
1995 | $11,163,506.10 | 3.22% |
1996 | $11,523,719.51 | 3.23% |
1997 | $11,877,195.12 | 3.07% |
1998 | $12,270,060.98 | 3.31% |
1999 | $12,617,317.07 | 2.83% |
2000 | $13,027,804.88 | 3.25% |
2001 | $13,513,445.12 | 3.73% |
2002 | $14,020,853.66 | 3.75% |
2003 | $14,359,298.78 | 2.41% |
2004 | $14,744,908.54 | 2.69% |
2005 | $15,121,189.02 | 2.55% |
2006 | $15,640,518.29 | 3.43% |
2007 | $16,211,873.78 | 3.65% |
2008 | $16,619,899.70 | 2.52% |
2009 | $16,801,001.52 | 1.09% |
2010 | $16,736,448.17 | -0.38% |
2011 | $16,955,400.91 | 1.31% |
2012 | $17,321,782.01 | 2.16% |
2013 | $17,724,184.45 | 2.32% |
2014 | $18,226,638.11 | 2.83% |
2015 | $18,785,181.40 | 3.06% |
2016 | $19,420,375.00 | 3.38% |
2017 | $20,065,400.61 | 3.32% |
2018 | $20,729,717.07 | 3.31% |
2019 | $21,429,816.46 | 3.38% |
2020 | $21,957,531.71 | 2.46% |
2021 | $22,542,984.76 | 2.67% |
2022 | $23,867,683.84 | 5.88% |
2023 | $25,646,961.89 | 7.45% |
2024 | $26,546,412.20 | 3.51%* |
* 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 Shelter:
Year | 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 | 21.600 | 22.000 | 22.485 | 22.746 | 23.123 | 23.962 | 24.469 | 24.731 | 25.231 | 25.446 | 25.731 | 26.069 | 26.500 | 26.992 | 27.800 | 28.769 | 30.131 | 32.577 | 35.538 | 37.023 | 38.677 | 40.477 | 44.408 | 48.792 | 51.477 | 54.946 | 60.492 | 68.900 | 80.992 | 90.485 | 96.892 | 99.131 | 103.992 | 109.815 | 115.823 | 121.246 | 127.085 | 132.831 | 139.985 | 146.277 | 151.192 | 155.731 | 160.523 | 165.685 | 171.031 | 176.277 | 182.108 | 187.262 | 193.354 | 200.562 | 208.092 | 213.115 | 218.838 | 224.423 | 232.131 | 240.611 | 246.666 | 249.354 | 248.396 | 251.646 | 257.083 | 263.056 | 270.513 | 278.803 | 288.230 | 297.803 | 307.663 | 318.053 | 325.886 | 334.575 | 354.235 | 380.643 | 393.992 |