According to the U.S. Bureau of Labor Statistics, prices for transportation services were 2,627.23% higher in 2018 versus 1935 (a $14,449,783.57 difference in value).
Between 1935 and 2018: Transportation services experienced an average inflation rate of 4.06% per year. This rate of change indicates significant inflation. In other words, transportation services costing $550,000 in the year 1935 would cost $14,999,783.57 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $550,000 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 | $550,000.00 | - |
1936 | $547,669.49 | -0.42% |
1937 | $545,338.98 | -0.43% |
1938 | $549,067.80 | 0.68% |
1939 | $550,000.00 | 0.17% |
1940 | $550,000.00 | 0.00% ** |
1941 | $551,864.41 | 0.34% |
1942 | $584,491.53 | 5.91% |
1943 | $581,694.92 | -0.48% |
1944 | $582,627.12 | 0.16% |
1945 | $582,627.12 | 0.00% ** |
1946 | $593,813.56 | 1.92% |
1947 | $615,254.24 | 3.61% |
1948 | $691,694.92 | 12.42% |
1949 | $765,338.98 | 10.65% |
1950 | $813,813.56 | 6.33% |
1951 | $891,186.44 | 9.51% |
1952 | $953,644.07 | 7.01% |
1953 | $1,012,372.88 | 6.16% |
1954 | $1,056,186.44 | 4.33% |
1955 | $1,056,186.44 | 0.00% ** |
1956 | $1,072,033.90 | 1.50% |
1957 | $1,123,663.62 | 4.82% |
1958 | $1,194,295.96 | 6.29% |
1959 | $1,235,886.57 | 3.48% |
1960 | $1,268,513.69 | 2.64% |
1961 | $1,297,196.87 | 2.26% |
1962 | $1,316,916.56 | 1.52% |
1963 | $1,332,333.77 | 1.17% |
1964 | $1,361,016.95 | 2.15% |
1965 | $1,414,080.83 | 3.90% |
1966 | $1,472,881.36 | 4.16% |
1967 | $1,520,567.14 | 3.24% |
1968 | $1,581,518.90 | 4.01% |
1969 | $1,692,307.69 | 7.01% |
1970 | $1,872,653.19 | 10.66% |
1971 | $2,023,956.98 | 8.08% |
1972 | $2,069,491.53 | 2.25% |
1973 | $2,082,398.96 | 0.62% |
1974 | $2,159,126.47 | 3.68% |
1975 | $2,322,620.60 | 7.57% |
1976 | $2,651,043.02 | 14.14% |
1977 | $2,865,449.80 | 8.09% |
1978 | $3,003,129.07 | 4.80% |
1979 | $3,237,972.62 | 7.82% |
1980 | $3,691,166.88 | 14.00% |
1981 | $4,131,453.72 | 11.93% |
1982 | $4,479,237.29 | 8.42% |
1983 | $4,619,784.88 | 3.14% |
1984 | $4,884,745.76 | 5.74% |
1985 | $5,127,118.64 | 4.96% |
1986 | $5,421,121.25 | 5.73% |
1987 | $5,681,779.66 | 4.81% |
1988 | $5,967,177.31 | 5.02% |
1989 | $6,320,697.52 | 5.92% |
1990 | $6,719,393.74 | 6.31% |
1991 | $7,045,306.39 | 4.85% |
1992 | $7,255,410.69 | 2.98% |
1993 | $7,592,079.53 | 4.64% |
1994 | $7,857,040.42 | 3.49% |
1995 | $8,196,577.57 | 4.32% |
1996 | $8,410,984.35 | 2.62% |
1997 | $8,623,956.98 | 2.53% |
1998 | $8,756,616.69 | 1.54% |
1999 | $8,887,125.16 | 1.49% |
2000 | $9,139,895.70 | 2.84% |
2001 | $9,408,800.52 | 2.94% |
2002 | $9,747,262.06 | 3.60% |
2003 | $10,082,496.74 | 3.44% |
2004 | $10,280,410.69 | 1.96% |
2005 | $10,517,764.02 | 2.31% |
2006 | $10,755,475.88 | 2.26% |
2007 | $10,894,227.18 | 1.29% |
2008 | $11,376,319.75 | 4.43% |
2009 | $11,700,579.53 | 2.85% |
2010 | $12,110,411.99 | 3.50% |
2011 | $12,491,611.47 | 3.15% |
2012 | $12,717,979.14 | 1.81% |
2013 | $13,050,940.68 | 2.62% |
2014 | $13,295,769.56 | 1.88% |
2015 | $13,564,122.23 | 2.02% |
2016 | $13,956,343.22 | 2.89% |
2017 | $14,445,169.17 | 3.50% |
2018 | $14,999,783.57 | 3.84% |
2019 | $15,146,931.88 | 0.98% |
2020 | $14,579,782.92 | -3.74% |
2021 | $15,109,575.62 | 3.63% |
2022 | $16,676,118.32 | 10.37% |
2023 | $18,468,472.95 | 10.75% |
2024 | $19,624,186.44 | 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 |