According to the U.S. Bureau of Labor Statistics, prices for shelter were 616.21% higher in 2019 versus 1974 (a $6,162,123.68 difference in value).
Between 1974 and 2019: Shelter experienced an average inflation rate of 4.47% per year. This rate of change indicates significant inflation. In other words, shelter costing $1,000,000 in the year 1974 would cost $7,162,123.68 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 1974: Pricing changed by 9.71%, which is significantly above the average yearly change for shelter during the 1974-2019 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 $1,000,000 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 | $1,000,000.00 | 9.71% |
1975 | $1,098,735.49 | 9.87% |
1976 | $1,159,189.33 | 5.50% |
1977 | $1,237,311.62 | 6.74% |
1978 | $1,362,203.36 | 10.09% |
1979 | $1,551,533.00 | 13.90% |
1980 | $1,823,835.09 | 17.55% |
1981 | $2,037,588.78 | 11.72% |
1982 | $2,181,881.17 | 7.08% |
1983 | $2,232,288.24 | 2.31% |
1984 | $2,341,763.38 | 4.90% |
1985 | $2,472,891.04 | 5.60% |
1986 | $2,608,175.99 | 5.47% |
1987 | $2,730,296.21 | 4.68% |
1988 | $2,861,770.31 | 4.82% |
1989 | $2,991,165.77 | 4.52% |
1990 | $3,152,260.52 | 5.39% |
1991 | $3,293,954.62 | 4.49% |
1992 | $3,404,642.30 | 3.36% |
1993 | $3,506,842.20 | 3.00% |
1994 | $3,614,758.36 | 3.08% |
1995 | $3,730,989.09 | 3.22% |
1996 | $3,851,377.10 | 3.23% |
1997 | $3,969,513.25 | 3.07% |
1998 | $4,100,814.13 | 3.31% |
1999 | $4,216,871.64 | 2.83% |
2000 | $4,354,062.01 | 3.25% |
2001 | $4,516,369.31 | 3.73% |
2002 | $4,685,951.84 | 3.75% |
2003 | $4,799,064.61 | 2.41% |
2004 | $4,927,940.41 | 2.69% |
2005 | $5,053,698.25 | 2.55% |
2006 | $5,227,264.85 | 3.43% |
2007 | $5,418,219.30 | 3.65% |
2008 | $5,554,586.87 | 2.52% |
2009 | $5,615,113.46 | 1.09% |
2010 | $5,593,538.89 | -0.38% |
2011 | $5,666,715.75 | 1.31% |
2012 | $5,789,165.08 | 2.16% |
2013 | $5,923,653.21 | 2.32% |
2014 | $6,091,579.77 | 2.83% |
2015 | $6,278,252.21 | 3.06% |
2016 | $6,490,542.18 | 3.38% |
2017 | $6,706,118.14 | 3.32% |
2018 | $6,928,141.35 | 3.31% |
2019 | $7,162,123.68 | 3.38% |
2020 | $7,338,492.98 | 2.46% |
2021 | $7,534,159.02 | 2.67% |
2022 | $7,976,890.70 | 5.88% |
2023 | $8,571,548.59 | 7.45% |
2024 | $8,872,156.59 | 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 |