According to the U.S. Bureau of Labor Statistics, prices for transportation services were 2,441.83% higher in 2016 versus 1938 (a $24,418,251,273.34 difference in value).
Between 1938 and 2016: Transportation services experienced an average inflation rate of 4.24% per year. This rate of change indicates significant inflation. In other words, transportation services costing $1,000,000,000 in the year 1938 would cost $25,418,251,273.34 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.70% during this same period, inflation for transportation services was higher.
In the year 1938: Pricing changed by 0.68%, which is significantly below the average yearly change for transportation services during the 1938-2016 time period. Compared to inflation for all items in 1938 (-2.03%), inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $1,000,000,000 beginning in 1938. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1938 | $1,000,000,000.00 | 0.68% |
1939 | $1,001,697,792.87 | 0.17% |
1940 | $1,001,697,792.87 | 0.00% ** |
1941 | $1,005,093,378.61 | 0.34% |
1942 | $1,064,516,129.03 | 5.91% |
1943 | $1,059,422,750.42 | -0.48% |
1944 | $1,061,120,543.29 | 0.16% |
1945 | $1,061,120,543.29 | 0.00% ** |
1946 | $1,081,494,057.72 | 1.92% |
1947 | $1,120,543,293.72 | 3.61% |
1948 | $1,259,762,309.00 | 12.42% |
1949 | $1,393,887,945.67 | 10.65% |
1950 | $1,482,173,174.87 | 6.33% |
1951 | $1,623,089,983.02 | 9.51% |
1952 | $1,736,842,105.26 | 7.01% |
1953 | $1,843,803,056.03 | 6.16% |
1954 | $1,923,599,320.88 | 4.33% |
1955 | $1,923,599,320.88 | 0.00% ** |
1956 | $1,952,461,799.66 | 1.50% |
1957 | $2,046,493,404.73 | 4.82% |
1958 | $2,175,133,864.44 | 6.29% |
1959 | $2,250,881,546.30 | 3.48% |
1960 | $2,310,304,296.72 | 2.64% |
1961 | $2,362,544,077.31 | 2.26% |
1962 | $2,398,458,926.47 | 1.52% |
1963 | $2,426,537,808.54 | 1.17% |
1964 | $2,478,777,589.13 | 2.15% |
1965 | $2,575,421,183.23 | 3.90% |
1966 | $2,682,512,733.45 | 4.16% |
1967 | $2,769,361,368.68 | 3.24% |
1968 | $2,880,370,902.44 | 4.01% |
1969 | $3,082,147,054.98 | 7.01% |
1970 | $3,410,604,675.46 | 10.66% |
1971 | $3,686,169,518.09 | 8.08% |
1972 | $3,769,100,169.78 | 2.25% |
1973 | $3,792,608,071.05 | 0.62% |
1974 | $3,932,349,484.13 | 3.68% |
1975 | $4,230,116,233.51 | 7.57% |
1976 | $4,828,261,721.30 | 14.14% |
1977 | $5,218,754,081.23 | 8.09% |
1978 | $5,469,505,028.08 | 4.80% |
1979 | $5,897,218,231.68 | 7.82% |
1980 | $6,722,606,765.05 | 14.00% |
1981 | $7,524,487,397.15 | 11.93% |
1982 | $8,157,894,736.84 | 8.42% |
1983 | $8,413,869,661.75 | 3.14% |
1984 | $8,896,434,634.97 | 5.74% |
1985 | $9,337,860,780.98 | 4.96% |
1986 | $9,873,318,532.06 | 5.73% |
1987 | $10,348,047,538.20 | 4.81% |
1988 | $10,867,833,355.10 | 5.02% |
1989 | $11,511,688,650.91 | 5.92% |
1990 | $12,237,821,601.15 | 6.31% |
1991 | $12,831,396,108.14 | 4.85% |
1992 | $13,214,052,500.98 | 2.98% |
1993 | $13,827,216,925.69 | 4.64% |
1994 | $14,309,781,898.92 | 3.49% |
1995 | $14,928,170,301.68 | 4.32% |
1996 | $15,318,662,661.62 | 2.62% |
1997 | $15,706,543,032.52 | 2.53% |
1998 | $15,948,152,017.76 | 1.54% |
1999 | $16,185,843,019.46 | 1.49% |
2000 | $16,646,206,085.93 | 2.84% |
2001 | $17,135,954,028.99 | 2.94% |
2002 | $17,752,383,439.99 | 3.60% |
2003 | $18,362,935,875.67 | 3.44% |
2004 | $18,723,390,361.76 | 1.96% |
2005 | $19,155,674,546.17 | 2.31% |
2006 | $19,588,611,727.83 | 2.26% |
2007 | $19,841,315,136.48 | 1.29% |
2008 | $20,719,335,248.79 | 4.43% |
2009 | $21,309,899,438.42 | 2.85% |
2010 | $22,056,314,483.48 | 3.50% |
2011 | $22,750,581,167.56 | 3.15% |
2012 | $23,162,857,516.00 | 1.81% |
2013 | $23,769,269,949.07 | 2.62% |
2014 | $24,215,169,126.29 | 1.88% |
2015 | $24,703,911,453.57 | 2.02% |
2016 | $25,418,251,273.34 | 2.89% |
2017 | $26,308,534,674.15 | 3.50% |
2018 | $27,318,636,541.73 | 3.84% |
2019 | $27,586,633,146.14 | 0.98% |
2020 | $26,553,702,494.45 | -3.74% |
2021 | $27,518,597,361.89 | 3.63% |
2022 | $30,371,692,568.89 | 10.37% |
2023 | $33,636,051,978.58 | 10.75% |
2024 | $35,740,916,808.15 | 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 |