Transportation services priced at $3,600,000 in 1970 $29,118,554.85 in 2019

Transportation Services Inflation Calculator

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Prices for Transportation Services, 1970-2019 ($3,600,000)

According to the U.S. Bureau of Labor Statistics, prices for transportation services were 708.85% higher in 2019 versus 1970 (a $25,518,554.85 difference in value).

Between 1970 and 2019: Transportation services experienced an average inflation rate of 4.36% per year. This rate of change indicates significant inflation. In other words, transportation services costing $3,600,000 in the year 1970 would cost $29,118,554.85 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation for transportation services was higher.

In the year 1970: Pricing changed by 10.66%, which is significantly above the average yearly change for transportation services during the 1970-2019 time period. Compared to inflation for all items in 1970 (5.83%), inflation for transportation services was much higher.

Price Inflation for Transportation services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1976 (14.14%), 1980 (14%), and 1948 (12.42%).

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Buying power of $3,600,000.00 since 1970

Below are calculations of equivalent buying power for Transportation services, over time, for $3,600,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3,600,000.0010.66%
1971$3,890,867.328.08%
1972$3,978,403.222.25%
1973$4,003,216.540.62%
1974$4,150,717.983.68%
1975$4,465,020.107.57%
1976$5,096,381.3914.14%
1977$5,508,558.308.09%
1978$5,773,233.774.80%
1979$6,224,698.457.82%
1980$7,095,921.8814.00%
1981$7,942,331.9911.93%
1982$8,610,913.278.42%
1983$8,881,102.813.14%
1984$9,390,465.255.74%
1985$9,856,404.374.96%
1986$10,421,596.785.73%
1987$10,922,688.114.81%
1988$11,471,338.315.02%
1989$12,150,947.735.92%
1990$12,917,403.796.31%
1991$13,543,940.264.85%
1992$13,947,846.072.98%
1993$14,595,060.314.64%
1994$15,104,422.753.49%
1995$15,757,151.064.32%
1996$16,169,327.972.62%
1997$16,578,747.852.53%
1998$16,833,773.691.54%
1999$17,084,663.991.49%
2000$17,570,591.612.84%
2001$18,087,535.902.94%
2002$18,738,196.443.60%
2003$19,382,653.653.44%
2004$19,763,124.641.96%
2005$20,219,414.132.31%
2006$20,676,392.882.26%
2007$20,943,129.241.29%
2008$21,869,906.954.43%
2009$22,493,265.942.85%
2010$23,281,130.383.50%
2011$24,013,950.603.15%
2012$24,449,121.191.81%
2013$25,089,208.502.62%
2014$25,559,869.041.88%
2015$26,075,751.872.02%
2016$26,829,759.912.89%
2017$27,769,481.913.50%
2018$28,835,676.053.84%
2019$29,118,554.850.98%
2020$28,028,264.22-3.74%
2021$29,046,740.953.63%
2022$32,058,272.2610.37%
2023$35,503,905.8010.75%
2024$37,342,018.385.18%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI11.80011.75011.70011.78011.80011.80011.84012.54012.48012.50012.50012.74013.20014.84016.42017.46019.12020.46021.72022.66022.66023.00024.10825.62326.51527.21527.83128.25428.58529.20030.33831.60032.62333.93136.30840.17743.42344.40044.67746.32349.83156.87761.47764.43169.46979.19288.63896.10099.115104.800110.000116.308121.900128.023135.608144.162151.154155.662162.885168.569175.854180.454185.023187.869190.669196.092201.862209.123216.315220.562225.654230.754233.731244.074251.031259.823268.002272.858280.002285.255291.012299.427309.915321.814324.971312.803324.169357.779396.233416.746

Adjust transportation services prices for inflation

Start with the inflation rate formula:

CPI in 2019 / CPI in 1970 * 1970 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Transportation services was 40.177 in the year 1970 and 324.971 in 2019:

324.971 / 40.177 * $3,600,000 = $29,118,554.85

Therefore, according to U.S. Bureau of Labor Statistics, $3,600,000 in 1970 has the same "purchasing power" as $29,118,554.85 in 2019 (in the CPI category of Transportation services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Transportation services in 1935. 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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