According to the U.S. Bureau of Labor Statistics, prices for shelter were 1,160.58% higher in 2019 versus 1960 (a $696,346,463.41 difference in value).
Between 1960 and 2019: Shelter experienced an average inflation rate of 4.39% per year. This rate of change indicates significant inflation. In other words, shelter costing $60,000,000 in the year 1960 would cost $756,346,463.41 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.72% 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 1960-2019 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 $60,000,000 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 | $60,000,000.00 | 2.02% |
1961 | $60,512,195.12 | 0.85% |
1962 | $61,189,024.39 | 1.12% |
1963 | $61,993,902.44 | 1.32% |
1964 | $63,018,292.68 | 1.65% |
1965 | $64,189,024.39 | 1.86% |
1966 | $66,109,756.10 | 2.99% |
1967 | $68,414,634.15 | 3.49% |
1968 | $71,652,439.02 | 4.73% |
1969 | $77,469,512.20 | 8.12% |
1970 | $84,512,195.12 | 9.09% |
1971 | $88,042,682.93 | 4.18% |
1972 | $91,975,609.76 | 4.47% |
1973 | $96,256,097.56 | 4.65% |
1974 | $105,603,658.54 | 9.71% |
1975 | $116,030,487.80 | 9.87% |
1976 | $122,414,634.15 | 5.50% |
1977 | $130,664,634.15 | 6.74% |
1978 | $143,853,658.54 | 10.09% |
1979 | $163,847,560.98 | 13.90% |
1980 | $192,603,658.54 | 17.55% |
1981 | $215,176,829.27 | 11.72% |
1982 | $230,414,634.15 | 7.08% |
1983 | $235,737,804.88 | 2.31% |
1984 | $247,298,780.49 | 4.90% |
1985 | $261,146,341.46 | 5.60% |
1986 | $275,432,926.83 | 5.47% |
1987 | $288,329,268.29 | 4.68% |
1988 | $302,213,414.63 | 4.82% |
1989 | $315,878,048.78 | 4.52% |
1990 | $332,890,243.90 | 5.39% |
1991 | $347,853,658.54 | 4.49% |
1992 | $359,542,682.93 | 3.36% |
1993 | $370,335,365.85 | 3.00% |
1994 | $381,731,707.32 | 3.08% |
1995 | $394,006,097.56 | 3.22% |
1996 | $406,719,512.20 | 3.23% |
1997 | $419,195,121.95 | 3.07% |
1998 | $433,060,975.61 | 3.31% |
1999 | $445,317,073.17 | 2.83% |
2000 | $459,804,878.05 | 3.25% |
2001 | $476,945,121.95 | 3.73% |
2002 | $494,853,658.54 | 3.75% |
2003 | $506,798,780.49 | 2.41% |
2004 | $520,408,536.59 | 2.69% |
2005 | $533,689,024.39 | 2.55% |
2006 | $552,018,292.68 | 3.43% |
2007 | $572,183,780.49 | 3.65% |
2008 | $586,584,695.12 | 2.52% |
2009 | $592,976,524.39 | 1.09% |
2010 | $590,698,170.73 | -0.38% |
2011 | $598,425,914.63 | 1.31% |
2012 | $611,357,012.20 | 2.16% |
2013 | $625,559,451.22 | 2.32% |
2014 | $643,293,109.76 | 2.83% |
2015 | $663,006,402.44 | 3.06% |
2016 | $685,425,000.00 | 3.38% |
2017 | $708,190,609.76 | 3.32% |
2018 | $731,637,073.17 | 3.31% |
2019 | $756,346,463.41 | 3.38% |
2020 | $774,971,707.32 | 2.46% |
2021 | $795,634,756.10 | 2.67% |
2022 | $842,388,841.46 | 5.88% |
2023 | $905,186,890.24 | 7.45% |
2024 | $936,932,195.12 | 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 |