According to the U.S. Bureau of Labor Statistics, prices for transportation services were 1,082.47% higher in 2018 versus 1960 (a $10,824,691.92 difference in value).
Between 1960 and 2018: Transportation services experienced an average inflation rate of 4.35% per year. This rate of change indicates significant inflation. In other words, transportation services costing $1,000,000 in the year 1960 would cost $11,824,691.92 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for transportation services was higher.
In the year 1960: Pricing changed by 2.64%, which is below the average yearly change for transportation services during the 1960-2018 time period. Compared to inflation for all items in 1960 (1.48%), inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $1,000,000 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1960 | $1,000,000.00 | 2.64% |
1961 | $1,022,611.64 | 2.26% |
1962 | $1,038,157.15 | 1.52% |
1963 | $1,050,310.91 | 1.17% |
1964 | $1,072,922.56 | 2.15% |
1965 | $1,114,754.10 | 3.90% |
1966 | $1,161,107.97 | 4.16% |
1967 | $1,198,699.83 | 3.24% |
1968 | $1,246,749.58 | 4.01% |
1969 | $1,334,087.05 | 7.01% |
1970 | $1,476,257.77 | 10.66% |
1971 | $1,595,534.20 | 8.08% |
1972 | $1,631,430.19 | 2.25% |
1973 | $1,641,605.43 | 0.62% |
1974 | $1,702,091.58 | 3.68% |
1975 | $1,830,977.95 | 7.57% |
1976 | $2,089,881.29 | 14.14% |
1977 | $2,258,903.34 | 8.09% |
1978 | $2,367,439.23 | 4.80% |
1979 | $2,552,572.07 | 7.82% |
1980 | $2,909,836.07 | 14.00% |
1981 | $3,256,924.82 | 11.93% |
1982 | $3,531,091.01 | 8.42% |
1983 | $3,641,888.07 | 3.14% |
1984 | $3,850,763.14 | 5.74% |
1985 | $4,041,831.54 | 4.96% |
1986 | $4,273,600.90 | 5.73% |
1987 | $4,479,084.23 | 4.81% |
1988 | $4,704,070.10 | 5.02% |
1989 | $4,982,758.62 | 5.92% |
1990 | $5,297,060.49 | 6.31% |
1991 | $5,553,985.30 | 4.85% |
1992 | $5,719,615.60 | 2.98% |
1993 | $5,985,019.79 | 4.64% |
1994 | $6,193,894.86 | 3.49% |
1995 | $6,461,560.20 | 4.32% |
1996 | $6,630,582.25 | 2.62% |
1997 | $6,798,473.71 | 2.53% |
1998 | $6,903,052.57 | 1.54% |
1999 | $7,005,935.56 | 1.49% |
2000 | $7,205,200.68 | 2.84% |
2001 | $7,417,184.85 | 2.94% |
2002 | $7,684,002.26 | 3.60% |
2003 | $7,948,275.86 | 3.44% |
2004 | $8,104,296.21 | 1.96% |
2005 | $8,291,407.57 | 2.31% |
2006 | $8,478,801.58 | 2.26% |
2007 | $8,588,182.59 | 1.29% |
2008 | $8,968,227.81 | 4.43% |
2009 | $9,223,849.63 | 2.85% |
2010 | $9,546,930.47 | 3.50% |
2011 | $9,847,439.23 | 3.15% |
2012 | $10,025,890.33 | 1.81% |
2013 | $10,288,371.96 | 2.62% |
2014 | $10,481,376.48 | 1.88% |
2015 | $10,692,925.38 | 2.02% |
2016 | $11,002,122.67 | 2.89% |
2017 | $11,387,475.98 | 3.50% |
2018 | $11,824,691.92 | 3.84% |
2019 | $11,940,692.48 | 0.98% |
2020 | $11,493,595.25 | -3.74% |
2021 | $11,911,243.64 | 3.63% |
2022 | $13,146,187.11 | 10.37% |
2023 | $14,559,143.58 | 10.75% |
2024 | $15,470,220.46 | 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 |