Transportation services priced at $3,600,000 in 1984 $11,019,125.95 in 2018

Historical Price Inflation for Transportation services

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Prices for Transportation Services, 1984-2018 ($3,600,000)

According to the U.S. Bureau of Labor Statistics, prices for transportation services were 206.09% higher in 2018 versus 1984 (a $7,419,125.95 difference in value).

Between 1984 and 2018: Transportation services experienced an average inflation rate of 3.35% per year. This rate of change indicates significant inflation. In other words, transportation services costing $3,600,000 in the year 1984 would cost $11,019,125.95 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation for transportation services was higher.

Price Inflation for Transportation services since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (6.32%), 1989 (5.91%), and 1986 (5.70%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Transportation services:

Year 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
CPI 104.800 110.033 116.300 121.900 128.033 135.600 144.167 151.167 155.667 162.867 168.600 175.867 180.500 185.000 187.900 190.667 196.100 201.900 209.133 216.333 220.567 225.667 230.767 233.731 244.074 251.031 259.823 268.002 272.858 280.002 285.255 291.012 299.427 309.915 320.779

View price changes for other categories
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Buying power of $3600000 since 1984

Below are calculations of equivalent buying power for Transportation services, over time, for $3600000 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1984 $3,600,000.00 -
1985 $3,779,770.99 4.99%
1986 $3,995,038.17 5.70%
1987 $4,187,404.58 4.82%
1988 $4,398,091.60 5.03%
1989 $4,658,015.27 5.91%
1990 $4,952,290.08 6.32%
1991 $5,192,748.09 4.86%
1992 $5,347,328.24 2.98%
1993 $5,594,656.49 4.63%
1994 $5,791,603.05 3.52%
1995 $6,041,221.37 4.31%
1996 $6,200,381.68 2.63%
1997 $6,354,961.83 2.49%
1998 $6,454,580.15 1.57%
1999 $6,549,618.32 1.47%
2000 $6,736,259.54 2.85%
2001 $6,935,496.18 2.96%
2002 $7,183,969.47 3.58%
2003 $7,431,297.71 3.44%
2004 $7,576,717.56 1.96%
2005 $7,751,908.40 2.31%
2006 $7,927,099.24 2.26%
2007 $8,028,916.03 1.28%
2008 $8,384,221.37 4.43%
2009 $8,623,190.84 2.85%
2010 $8,925,229.01 3.50%
2011 $9,206,175.57 3.15%
2012 $9,372,996.18 1.81%
2013 $9,618,389.31 2.62%
2014 $9,798,835.88 1.88%
2015 $9,996,595.42 2.02%
2016 $10,285,660.31 2.89%
2017 $10,645,935.11 3.50%
2018 $11,019,125.95 3.51%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for transportation services, 1984-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1984 * 1984 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Transportation services was 104.800 in the year 1984 and 320.779 in 2018:

320.779 / 104.800 * $3,600,000 = $11,019,125.95

Therefore, according to U.S. Bureau of Labor Statistics, $3,600,000 in 1984 has the same "purchasing power" as $11,019,125.95 in 2018 (in the CPI category of Transportation services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Transportation services in 1984. In addition to transportation services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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