According to the U.S. Bureau of Labor Statistics, prices for transportation services were 2,437.52% higher in 2016 versus 1935 (a $438,753,050.85 difference in value).
Between 1935 and 2016: Transportation services experienced an average inflation rate of 4.07% per year. This rate of change indicates significant inflation. In other words, transportation services costing $18,000,000 in the year 1935 would cost $456,753,050.85 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $18,000,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1935 | $18,000,000.00 | - |
1936 | $17,923,728.81 | -0.42% |
1937 | $17,847,457.63 | -0.43% |
1938 | $17,969,491.53 | 0.68% |
1939 | $18,000,000.00 | 0.17% |
1940 | $18,000,000.00 | 0.00% ** |
1941 | $18,061,016.95 | 0.34% |
1942 | $19,128,813.56 | 5.91% |
1943 | $19,037,288.14 | -0.48% |
1944 | $19,067,796.61 | 0.16% |
1945 | $19,067,796.61 | 0.00% ** |
1946 | $19,433,898.31 | 1.92% |
1947 | $20,135,593.22 | 3.61% |
1948 | $22,637,288.14 | 12.42% |
1949 | $25,047,457.63 | 10.65% |
1950 | $26,633,898.31 | 6.33% |
1951 | $29,166,101.69 | 9.51% |
1952 | $31,210,169.49 | 7.01% |
1953 | $33,132,203.39 | 6.16% |
1954 | $34,566,101.69 | 4.33% |
1955 | $34,566,101.69 | 0.00% ** |
1956 | $35,084,745.76 | 1.50% |
1957 | $36,774,445.89 | 4.82% |
1958 | $39,086,049.54 | 6.29% |
1959 | $40,447,196.87 | 3.48% |
1960 | $41,514,993.48 | 2.64% |
1961 | $42,453,715.78 | 2.26% |
1962 | $43,099,087.35 | 1.52% |
1963 | $43,603,650.59 | 1.17% |
1964 | $44,542,372.88 | 2.15% |
1965 | $46,279,009.13 | 3.90% |
1966 | $48,203,389.83 | 4.16% |
1967 | $49,764,015.65 | 3.24% |
1968 | $51,758,800.52 | 4.01% |
1969 | $55,384,615.38 | 7.01% |
1970 | $61,286,831.81 | 10.66% |
1971 | $66,238,591.92 | 8.08% |
1972 | $67,728,813.56 | 2.25% |
1973 | $68,151,238.59 | 0.62% |
1974 | $70,662,320.73 | 3.68% |
1975 | $76,013,037.81 | 7.57% |
1976 | $86,761,408.08 | 14.14% |
1977 | $93,778,357.24 | 8.09% |
1978 | $98,284,224.25 | 4.80% |
1979 | $105,970,013.04 | 7.82% |
1980 | $120,801,825.29 | 14.00% |
1981 | $135,211,212.52 | 11.93% |
1982 | $146,593,220.34 | 8.42% |
1983 | $151,192,959.58 | 3.14% |
1984 | $159,864,406.78 | 5.74% |
1985 | $167,796,610.17 | 4.96% |
1986 | $177,418,513.69 | 5.73% |
1987 | $185,949,152.54 | 4.81% |
1988 | $195,289,439.37 | 5.02% |
1989 | $206,859,191.66 | 5.92% |
1990 | $219,907,431.55 | 6.31% |
1991 | $230,573,663.62 | 4.85% |
1992 | $237,449,804.43 | 2.98% |
1993 | $248,468,057.37 | 4.64% |
1994 | $257,139,504.56 | 3.49% |
1995 | $268,251,629.73 | 4.32% |
1996 | $275,268,578.88 | 2.62% |
1997 | $282,238,591.92 | 2.53% |
1998 | $286,580,182.53 | 1.54% |
1999 | $290,851,368.97 | 1.49% |
2000 | $299,123,859.19 | 2.84% |
2001 | $307,924,380.70 | 2.94% |
2002 | $319,001,303.78 | 3.60% |
2003 | $329,972,620.60 | 3.44% |
2004 | $336,449,804.43 | 1.96% |
2005 | $344,217,731.42 | 2.31% |
2006 | $351,997,392.44 | 2.26% |
2007 | $356,538,344.20 | 1.29% |
2008 | $372,315,919.17 | 4.43% |
2009 | $382,928,057.37 | 2.85% |
2010 | $396,340,756.19 | 3.50% |
2011 | $408,816,375.49 | 3.15% |
2012 | $416,224,771.84 | 1.81% |
2013 | $427,121,694.92 | 2.62% |
2014 | $435,134,276.40 | 1.88% |
2015 | $443,916,727.51 | 2.02% |
2016 | $456,753,050.85 | 2.89% |
2017 | $472,750,990.87 | 3.50% |
2018 | $490,902,007.82 | 3.84% |
2019 | $495,717,770.53 | 0.98% |
2020 | $477,156,531.94 | -3.74% |
2021 | $494,495,202.09 | 3.63% |
2022 | $545,763,872.23 | 10.37% |
2023 | $604,422,750.98 | 10.75% |
2024 | $642,246,101.69 | 6.26%* |
* 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 Transportation services:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 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 | 11.800 | 11.750 | 11.700 | 11.780 | 11.800 | 11.800 | 11.840 | 12.540 | 12.480 | 12.500 | 12.500 | 12.740 | 13.200 | 14.840 | 16.420 | 17.460 | 19.120 | 20.460 | 21.720 | 22.660 | 22.660 | 23.000 | 24.108 | 25.623 | 26.515 | 27.215 | 27.831 | 28.254 | 28.585 | 29.200 | 30.338 | 31.600 | 32.623 | 33.931 | 36.308 | 40.177 | 43.423 | 44.400 | 44.677 | 46.323 | 49.831 | 56.877 | 61.477 | 64.431 | 69.469 | 79.192 | 88.638 | 96.100 | 99.115 | 104.800 | 110.000 | 116.308 | 121.900 | 128.023 | 135.608 | 144.162 | 151.154 | 155.662 | 162.885 | 168.569 | 175.854 | 180.454 | 185.023 | 187.869 | 190.669 | 196.092 | 201.862 | 209.123 | 216.315 | 220.562 | 225.654 | 230.754 | 233.731 | 244.074 | 251.031 | 259.823 | 268.002 | 272.858 | 280.002 | 285.255 | 291.012 | 299.427 | 309.915 | 321.814 | 324.971 | 312.803 | 324.169 | 357.779 | 396.233 | 421.028 |