According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,778.18% higher in 2024 versus 1940 (a $42,676,399,437.41 difference in value).
Between 1940 and 2024: Transportation experienced an average inflation rate of 3.55% per year. This rate of change indicates significant inflation. In other words, transportation costing $2,400,000,000 in the year 1940 would cost $45,076,399,437.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for transportation was lower.
In the year 1940: Pricing changed by -0.56%, which is significantly below the average yearly change for transportation during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $2,400,000,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $2,400,000,000.00 | -0.56% |
1941 | $2,491,139,240.51 | 3.80% |
1942 | $2,703,797,468.35 | 8.54% |
1943 | $2,686,919,831.22 | -0.62% |
1944 | $2,683,544,303.80 | -0.13% |
1945 | $2,683,544,303.80 | 0.00% ** |
1946 | $2,845,569,620.25 | 6.04% |
1947 | $3,114,573,190.52 | 9.45% |
1948 | $3,472,898,409.61 | 11.50% |
1949 | $3,732,554,365.47 | 7.48% |
1950 | $3,828,627,069.13 | 2.57% |
1951 | $4,074,001,947.42 | 6.41% |
1952 | $4,342,745,861.73 | 6.60% |
1953 | $4,467,380,720.55 | 2.87% |
1954 | $4,402,466,731.58 | -1.45% |
1955 | $4,349,237,260.63 | -1.21% |
1956 | $4,427,134,047.39 | 1.79% |
1957 | $4,673,807,205.45 | 5.57% |
1958 | $4,828,302,499.19 | 3.31% |
1959 | $5,028,237,585.20 | 4.14% |
1960 | $5,026,939,305.42 | -0.03% |
1961 | $5,084,063,615.71 | 1.14% |
1962 | $5,190,522,557.61 | 2.09% |
1963 | $5,219,084,712.76 | 0.55% |
1964 | $5,296,981,499.51 | 1.49% |
1965 | $5,383,966,244.73 | 1.64% |
1966 | $5,460,564,751.70 | 1.42% |
1967 | $5,616,358,325.22 | 2.85% |
1968 | $5,795,520,934.76 | 3.19% |
1969 | $6,018,825,056.80 | 3.85% |
1970 | $6,327,815,644.27 | 5.13% |
1971 | $6,660,175,267.77 | 5.25% |
1972 | $6,738,072,054.53 | 1.17% |
1973 | $6,950,989,938.33 | 3.16% |
1974 | $7,729,957,805.91 | 11.21% |
1975 | $8,455,696,202.53 | 9.39% |
1976 | $9,296,981,499.51 | 9.95% |
1977 | $9,952,612,788.06 | 7.05% |
1978 | $10,418,695,228.82 | 4.68% |
1979 | $11,903,927,296.33 | 14.26% |
1980 | $14,024,018,175.92 | 17.81% |
1981 | $15,722,168,127.23 | 12.11% |
1982 | $16,370,009,737.10 | 4.12% |
1983 | $16,760,791,950.67 | 2.39% |
1984 | $17,504,706,264.20 | 4.44% |
1985 | $17,966,893,865.63 | 2.64% |
1986 | $17,268,419,344.37 | -3.89% |
1987 | $17,790,327,815.64 | 3.02% |
1988 | $18,339,500,162.28 | 3.09% |
1989 | $19,257,383,966.24 | 5.00% |
1990 | $20,340,149,302.17 | 5.62% |
1991 | $20,899,707,887.05 | 2.75% |
1992 | $21,356,702,369.36 | 2.19% |
1993 | $22,001,947,419.67 | 3.02% |
1994 | $22,666,666,666.67 | 3.02% |
1995 | $23,478,091,528.72 | 3.58% |
1996 | $24,140,214,216.16 | 2.82% |
1997 | $24,350,535,540.41 | 0.87% |
1998 | $23,890,944,498.54 | -1.89% |
1999 | $24,371,308,016.88 | 2.01% |
2000 | $25,878,610,840.64 | 6.18% |
2001 | $26,034,404,414.15 | 0.60% |
2002 | $25,799,415,774.10 | -0.90% |
2003 | $26,592,664,719.25 | 3.07% |
2004 | $27,527,426,160.34 | 3.52% |
2005 | $29,351,509,250.24 | 6.63% |
2006 | $30,525,154,170.72 | 4.00% |
2007 | $31,169,892,891.92 | 2.11% |
2008 | $33,004,102,564.10 | 5.88% |
2009 | $30,253,567,023.69 | -8.33% |
2010 | $32,640,662,122.69 | 7.89% |
2011 | $35,842,362,869.20 | 9.81% |
2012 | $36,681,415,124.96 | 2.34% |
2013 | $36,693,943,524.83 | 0.03% |
2014 | $36,445,439,792.28 | -0.68% |
2015 | $33,597,740,993.18 | -7.81% |
2016 | $32,893,437,195.72 | -2.10% |
2017 | $34,019,422,265.50 | 3.42% |
2018 | $35,555,027,588.45 | 4.51% |
2019 | $35,454,553,716.33 | -0.28% |
2020 | $33,980,460,889.32 | -4.16% |
2021 | $38,929,451,476.79 | 14.56% |
2022 | $44,950,185,004.87 | 15.47% |
2023 | $45,059,642,973.06 | 0.24% |
2024 | $45,076,399,437.41 | 0.04%* |
* 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:
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 | 14.200 | 14.267 | 14.560 | 14.620 | 14.300 | 14.220 | 14.760 | 16.020 | 15.920 | 15.900 | 15.900 | 16.860 | 18.454 | 20.577 | 22.115 | 22.685 | 24.138 | 25.731 | 26.469 | 26.085 | 25.769 | 26.231 | 27.692 | 28.608 | 29.792 | 29.785 | 30.123 | 30.754 | 30.923 | 31.385 | 31.900 | 32.354 | 33.277 | 34.338 | 35.662 | 37.492 | 39.462 | 39.923 | 41.185 | 45.800 | 50.100 | 55.085 | 58.969 | 61.731 | 70.531 | 83.092 | 93.154 | 96.992 | 99.308 | 103.715 | 106.454 | 102.315 | 105.408 | 108.662 | 114.100 | 120.515 | 123.831 | 126.538 | 130.362 | 134.300 | 139.108 | 143.031 | 144.277 | 141.554 | 144.400 | 153.331 | 154.254 | 152.862 | 157.562 | 163.100 | 173.908 | 180.862 | 184.682 | 195.549 | 179.252 | 193.396 | 212.366 | 217.337 | 217.412 | 215.939 | 199.067 | 194.894 | 201.565 | 210.664 | 210.068 | 201.334 | 230.657 | 266.330 | 266.978 | 267.078 |