According to the U.S. Bureau of Labor Statistics, prices for shelter were 592.81% higher in 2018 versus 1974 (a $124,490,968.30 difference in value).
Between 1974 and 2018: Shelter experienced an average inflation rate of 4.50% per year. This rate of change indicates significant inflation. In other words, shelter costing $21,000,000 in the year 1974 would cost $145,490,968.30 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for shelter was higher.
In the year 1974: Pricing changed by 9.71%, which is significantly above the average yearly change for shelter during the 1974-2018 time period. Compared to inflation for all items in 1974 (11.05%), inflation for shelter was lower.
Below are calculations of equivalent buying power for Shelter, over time, for $21,000,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1974 | $21,000,000.00 | 9.71% |
1975 | $23,073,445.35 | 9.87% |
1976 | $24,342,975.92 | 5.50% |
1977 | $25,983,544.08 | 6.74% |
1978 | $28,606,270.57 | 10.09% |
1979 | $32,582,192.97 | 13.90% |
1980 | $38,300,536.98 | 17.55% |
1981 | $42,789,364.28 | 11.72% |
1982 | $45,819,504.59 | 7.08% |
1983 | $46,878,053.01 | 2.31% |
1984 | $49,177,031.01 | 4.90% |
1985 | $51,930,711.93 | 5.60% |
1986 | $54,771,695.83 | 5.47% |
1987 | $57,336,220.34 | 4.68% |
1988 | $60,097,176.51 | 4.82% |
1989 | $62,814,481.21 | 4.52% |
1990 | $66,197,470.99 | 5.39% |
1991 | $69,173,046.94 | 4.49% |
1992 | $71,497,488.31 | 3.36% |
1993 | $73,643,686.13 | 3.00% |
1994 | $75,909,925.52 | 3.08% |
1995 | $78,350,770.83 | 3.22% |
1996 | $80,878,919.11 | 3.23% |
1997 | $83,359,778.28 | 3.07% |
1998 | $86,117,096.83 | 3.31% |
1999 | $88,554,304.52 | 2.83% |
2000 | $91,435,302.27 | 3.25% |
2001 | $94,843,755.41 | 3.73% |
2002 | $98,404,988.74 | 3.75% |
2003 | $100,780,356.83 | 2.41% |
2004 | $103,486,748.66 | 2.69% |
2005 | $106,127,663.26 | 2.55% |
2006 | $109,772,561.93 | 3.43% |
2007 | $113,782,605.23 | 3.65% |
2008 | $116,646,324.27 | 2.52% |
2009 | $117,917,382.64 | 1.09% |
2010 | $117,464,316.65 | -0.38% |
2011 | $119,001,030.66 | 1.31% |
2012 | $121,572,466.66 | 2.16% |
2013 | $124,396,717.48 | 2.32% |
2014 | $127,923,175.13 | 2.83% |
2015 | $131,843,296.38 | 3.06% |
2016 | $136,301,385.76 | 3.38% |
2017 | $140,828,480.86 | 3.32% |
2018 | $145,490,968.30 | 3.31% |
2019 | $150,404,597.26 | 3.38% |
2020 | $154,108,352.68 | 2.46% |
2021 | $158,217,339.34 | 2.67% |
2022 | $167,514,704.66 | 5.88% |
2023 | $180,002,520.35 | 7.45% |
2024 | $186,315,288.41 | 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 |