According to the U.S. Bureau of Labor Statistics, prices for transportation services were 1,761.23% higher in 2019 versus 1950 (a $8,806,143.71 difference in value).
Between 1950 and 2019: Transportation services experienced an average inflation rate of 4.33% per year. This rate of change indicates significant inflation. In other words, transportation services costing $500,000 in the year 1950 would cost $9,306,143.71 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for transportation services was higher.
In the year 1950: Pricing changed by 6.33%, which is above the average yearly change for transportation services during the 1950-2019 time period. Compared to inflation for all items in 1950 (1.10%), inflation for transportation services was much higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $500,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1950 | $500,000.00 | 6.33% |
1951 | $547,537.23 | 9.51% |
1952 | $585,910.65 | 7.01% |
1953 | $621,993.13 | 6.16% |
1954 | $648,911.80 | 4.33% |
1955 | $648,911.80 | 0.00% ** |
1956 | $658,648.34 | 1.50% |
1957 | $690,369.20 | 4.82% |
1958 | $733,765.09 | 6.29% |
1959 | $759,318.00 | 3.48% |
1960 | $779,363.82 | 2.64% |
1961 | $796,986.52 | 2.26% |
1962 | $809,102.12 | 1.52% |
1963 | $818,574.32 | 1.17% |
1964 | $836,197.02 | 2.15% |
1965 | $868,799.01 | 3.90% |
1966 | $904,925.54 | 4.16% |
1967 | $934,223.28 | 3.24% |
1968 | $971,671.51 | 4.01% |
1969 | $1,039,739.18 | 7.01% |
1970 | $1,150,541.90 | 10.66% |
1971 | $1,243,501.63 | 8.08% |
1972 | $1,271,477.66 | 2.25% |
1973 | $1,279,407.88 | 0.62% |
1974 | $1,326,548.59 | 3.68% |
1975 | $1,426,997.97 | 7.57% |
1976 | $1,628,777.87 | 14.14% |
1977 | $1,760,507.53 | 8.09% |
1978 | $1,845,096.48 | 4.80% |
1979 | $1,989,382.32 | 7.82% |
1980 | $2,267,820.95 | 14.00% |
1981 | $2,538,329.37 | 11.93% |
1982 | $2,752,004.58 | 8.42% |
1983 | $2,838,355.80 | 3.14% |
1984 | $3,001,145.48 | 5.74% |
1985 | $3,150,057.27 | 4.96% |
1986 | $3,330,689.93 | 5.73% |
1987 | $3,490,836.20 | 4.81% |
1988 | $3,666,182.04 | 5.02% |
1989 | $3,883,381.80 | 5.92% |
1990 | $4,128,337.30 | 6.31% |
1991 | $4,328,575.20 | 4.85% |
1992 | $4,457,661.47 | 2.98% |
1993 | $4,664,507.89 | 4.64% |
1994 | $4,827,297.56 | 3.49% |
1995 | $5,035,906.25 | 4.32% |
1996 | $5,167,635.92 | 2.62% |
1997 | $5,298,484.45 | 2.53% |
1998 | $5,379,989.43 | 1.54% |
1999 | $5,460,172.70 | 1.49% |
2000 | $5,615,472.73 | 2.84% |
2001 | $5,780,685.52 | 2.94% |
2002 | $5,988,633.36 | 3.60% |
2003 | $6,194,598.64 | 3.44% |
2004 | $6,316,195.26 | 1.96% |
2005 | $6,462,023.09 | 2.31% |
2006 | $6,608,071.20 | 2.26% |
2007 | $6,693,318.79 | 1.29% |
2008 | $6,989,512.29 | 4.43% |
2009 | $7,188,734.69 | 2.85% |
2010 | $7,440,532.21 | 3.50% |
2011 | $7,674,737.86 | 3.15% |
2012 | $7,813,816.20 | 1.81% |
2013 | $8,018,384.88 | 2.62% |
2014 | $8,168,805.62 | 1.88% |
2015 | $8,333,679.18 | 2.02% |
2016 | $8,574,656.36 | 2.89% |
2017 | $8,874,986.78 | 3.50% |
2018 | $9,215,737.07 | 3.84% |
2019 | $9,306,143.71 | 0.98% |
2020 | $8,957,692.31 | -3.74% |
2021 | $9,283,192.35 | 3.63% |
2022 | $10,245,662.61 | 10.37% |
2023 | $11,346,869.77 | 10.75% |
2024 | $12,056,930.13 | 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 |