According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,077.35% higher in 2024 versus 1950 (a $25,856,436,758.22 difference in value).
Between 1950 and 2024: Transportation experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, transportation costing $2,400,000,000 in the year 1950 would cost $28,256,436,758.22 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for transportation was lower.
In the year 1950: Pricing changed by 2.57%, which is below the average yearly change for transportation during the 1950-2024 time period. Compared to inflation for all items in 1950 (1.10%), inflation for transportation was higher.
Below are calculations of equivalent buying power for Transportation, over time, for $2,400,000,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1950 | $2,400,000,000.00 | 2.57% |
1951 | $2,553,814,852.49 | 6.41% |
1952 | $2,722,278,738.56 | 6.60% |
1953 | $2,800,406,917.60 | 2.87% |
1954 | $2,759,715,157.68 | -1.45% |
1955 | $2,726,347,914.55 | -1.21% |
1956 | $2,775,178,026.45 | 1.79% |
1957 | $2,929,806,714.14 | 5.57% |
1958 | $3,026,653,102.75 | 3.31% |
1959 | $3,151,983,723.30 | 4.14% |
1960 | $3,151,169,888.10 | -0.03% |
1961 | $3,186,978,636.83 | 1.14% |
1962 | $3,253,713,123.09 | 2.09% |
1963 | $3,271,617,497.46 | 0.55% |
1964 | $3,320,447,609.36 | 1.49% |
1965 | $3,374,974,567.65 | 1.64% |
1966 | $3,422,990,844.35 | 1.42% |
1967 | $3,520,651,068.16 | 2.85% |
1968 | $3,632,960,325.53 | 3.19% |
1969 | $3,772,939,979.65 | 3.85% |
1970 | $3,966,632,756.87 | 5.13% |
1971 | $4,174,974,567.65 | 5.25% |
1972 | $4,223,804,679.55 | 1.17% |
1973 | $4,357,273,652.09 | 3.16% |
1974 | $4,845,574,771.11 | 11.21% |
1975 | $5,300,508,647.00 | 9.39% |
1976 | $5,827,873,855.54 | 9.95% |
1977 | $6,238,860,630.72 | 7.05% |
1978 | $6,531,027,466.94 | 4.68% |
1979 | $7,462,054,933.88 | 14.26% |
1980 | $8,791,047,812.82 | 17.81% |
1981 | $9,855,544,252.29 | 12.11% |
1982 | $10,261,648,016.28 | 4.12% |
1983 | $10,506,612,410.99 | 2.39% |
1984 | $10,972,939,979.65 | 4.44% |
1985 | $11,262,665,310.27 | 2.64% |
1986 | $10,824,821,973.55 | -3.89% |
1987 | $11,151,983,723.30 | 3.02% |
1988 | $11,496,236,012.21 | 3.09% |
1989 | $12,071,617,497.46 | 5.00% |
1990 | $12,750,356,052.90 | 5.62% |
1991 | $13,101,119,023.40 | 2.75% |
1992 | $13,387,589,013.22 | 2.19% |
1993 | $13,792,065,106.82 | 3.02% |
1994 | $14,208,748,728.38 | 3.02% |
1995 | $14,717,395,727.37 | 3.58% |
1996 | $15,132,451,678.54 | 2.82% |
1997 | $15,264,292,980.67 | 0.87% |
1998 | $14,976,195,320.45 | -1.89% |
1999 | $15,277,314,343.85 | 2.01% |
2000 | $16,222,177,009.16 | 6.18% |
2001 | $16,319,837,232.96 | 0.60% |
2002 | $16,172,533,062.05 | -0.90% |
2003 | $16,669,786,368.26 | 3.07% |
2004 | $17,255,747,711.09 | 3.52% |
2005 | $18,399,186,164.80 | 6.63% |
2006 | $19,134,893,184.13 | 4.00% |
2007 | $19,539,051,881.99 | 2.11% |
2008 | $20,688,838,250.25 | 5.88% |
2009 | $18,964,646,998.98 | -8.33% |
2010 | $20,461,013,224.82 | 7.89% |
2011 | $22,468,020,345.88 | 9.81% |
2012 | $22,993,985,757.88 | 2.34% |
2013 | $23,001,839,267.55 | 0.03% |
2014 | $22,846,063,072.23 | -0.68% |
2015 | $21,060,964,394.71 | -7.81% |
2016 | $20,619,466,937.95 | -2.10% |
2017 | $21,325,298,067.14 | 3.42% |
2018 | $22,287,902,339.78 | 4.51% |
2019 | $22,224,919,633.77 | -0.28% |
2020 | $21,300,874,872.84 | -4.16% |
2021 | $24,403,182,095.63 | 14.56% |
2022 | $28,177,318,413.02 | 15.47% |
2023 | $28,245,932,858.60 | 0.24% |
2024 | $28,256,436,758.22 | 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 |