According to the U.S. Bureau of Labor Statistics, prices for transportation services were 708.85% higher in 2019 versus 1970 (a $354,424.37 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 $50,000 in the year 1970 would cost $404,424.37 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.
Below are calculations of equivalent buying power for Transportation services, over time, for $50,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $50,000.00 | 10.66% |
1971 | $54,039.82 | 8.08% |
1972 | $55,255.60 | 2.25% |
1973 | $55,600.23 | 0.62% |
1974 | $57,648.86 | 3.68% |
1975 | $62,014.17 | 7.57% |
1976 | $70,783.07 | 14.14% |
1977 | $76,507.75 | 8.09% |
1978 | $80,183.80 | 4.80% |
1979 | $86,454.15 | 7.82% |
1980 | $98,554.47 | 14.00% |
1981 | $110,310.17 | 11.93% |
1982 | $119,596.02 | 8.42% |
1983 | $123,348.65 | 3.14% |
1984 | $130,423.13 | 5.74% |
1985 | $136,894.51 | 4.96% |
1986 | $144,744.40 | 5.73% |
1987 | $151,704.00 | 4.81% |
1988 | $159,324.14 | 5.02% |
1989 | $168,763.16 | 5.92% |
1990 | $179,408.39 | 6.31% |
1991 | $188,110.28 | 4.85% |
1992 | $193,720.08 | 2.98% |
1993 | $202,709.17 | 4.64% |
1994 | $209,783.65 | 3.49% |
1995 | $218,849.32 | 4.32% |
1996 | $224,574.00 | 2.62% |
1997 | $230,260.39 | 2.53% |
1998 | $233,802.41 | 1.54% |
1999 | $237,287.00 | 1.49% |
2000 | $244,035.99 | 2.84% |
2001 | $251,215.78 | 2.94% |
2002 | $260,252.73 | 3.60% |
2003 | $269,203.52 | 3.44% |
2004 | $274,487.84 | 1.96% |
2005 | $280,825.20 | 2.31% |
2006 | $287,172.12 | 2.26% |
2007 | $290,876.79 | 1.29% |
2008 | $303,748.71 | 4.43% |
2009 | $312,406.47 | 2.85% |
2010 | $323,349.03 | 3.50% |
2011 | $333,527.09 | 3.15% |
2012 | $339,571.13 | 1.81% |
2013 | $348,461.23 | 2.62% |
2014 | $354,998.18 | 1.88% |
2015 | $362,163.22 | 2.02% |
2016 | $372,635.55 | 2.89% |
2017 | $385,687.25 | 3.50% |
2018 | $400,495.50 | 3.84% |
2019 | $404,424.37 | 0.98% |
2020 | $389,281.45 | -3.74% |
2021 | $403,426.96 | 3.63% |
2022 | $445,253.78 | 10.37% |
2023 | $493,109.80 | 10.75% |
2024 | $523,967.45 | 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 |