According to the U.S. Bureau of Labor Statistics, prices for shelter were 660.09% higher in 2018 versus 1973 (a $19,802,827.82 difference in value).
Between 1973 and 2018: Shelter experienced an average inflation rate of 4.61% per year. This rate of change indicates significant inflation. In other words, shelter costing $3,000,000 in the year 1973 would cost $22,802,827.82 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for shelter was higher.
In the year 1973: Pricing changed by 4.65%, which is above the average yearly change for shelter during the 1973-2018 time period. Compared to inflation for all items in 1973 (6.18%), inflation for shelter was lower.
Below are calculations of equivalent buying power for Shelter, over time, for $3,000,000 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1973 | $3,000,000.00 | 4.65% |
1974 | $3,291,334.09 | 9.71% |
1975 | $3,616,305.59 | 9.87% |
1976 | $3,815,279.36 | 5.50% |
1977 | $4,072,405.93 | 6.74% |
1978 | $4,483,466.36 | 10.09% |
1979 | $5,106,613.45 | 13.90% |
1980 | $6,002,850.63 | 17.55% |
1981 | $6,706,385.40 | 11.72% |
1982 | $7,181,299.89 | 7.08% |
1983 | $7,347,206.39 | 2.31% |
1984 | $7,707,525.66 | 4.90% |
1985 | $8,139,110.60 | 5.60% |
1986 | $8,584,378.56 | 5.47% |
1987 | $8,986,316.99 | 4.68% |
1988 | $9,419,042.19 | 4.82% |
1989 | $9,844,925.88 | 4.52% |
1990 | $10,375,142.53 | 5.39% |
1991 | $10,841,505.13 | 4.49% |
1992 | $11,205,815.28 | 3.36% |
1993 | $11,542,189.28 | 3.00% |
1994 | $11,897,377.42 | 3.08% |
1995 | $12,279,931.58 | 3.22% |
1996 | $12,676,168.76 | 3.23% |
1997 | $13,064,994.30 | 3.07% |
1998 | $13,497,149.37 | 3.31% |
1999 | $13,879,133.41 | 2.83% |
2000 | $14,330,672.75 | 3.25% |
2001 | $14,864,880.27 | 3.73% |
2002 | $15,423,033.07 | 3.75% |
2003 | $15,795,324.97 | 2.41% |
2004 | $16,219,498.29 | 2.69% |
2005 | $16,633,409.35 | 2.55% |
2006 | $17,204,675.03 | 3.43% |
2007 | $17,833,169.90 | 3.65% |
2008 | $18,282,001.14 | 2.52% |
2009 | $18,481,214.37 | 1.09% |
2010 | $18,410,205.25 | -0.38% |
2011 | $18,651,054.73 | 1.31% |
2012 | $19,054,076.40 | 2.16% |
2013 | $19,496,721.78 | 2.32% |
2014 | $20,049,424.17 | 2.83% |
2015 | $20,663,825.54 | 3.06% |
2016 | $21,362,542.76 | 3.38% |
2017 | $22,072,075.26 | 3.32% |
2018 | $22,802,827.82 | 3.31% |
2019 | $23,572,941.85 | 3.38% |
2020 | $24,153,432.16 | 2.46% |
2021 | $24,797,434.44 | 2.67% |
2022 | $26,254,612.31 | 5.88% |
2023 | $28,211,830.10 | 7.45% |
2024 | $29,201,231.47 | 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 |