According to the U.S. Bureau of Labor Statistics, prices for transportation are 918.18% higher in 2024 versus 1956 (a $3,902,284,775,171.07 difference in value).
Between 1956 and 2024: Transportation experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, transportation costing $425,000,000,000 in the year 1956 would cost $4,327,284,775,171.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for transportation was lower.
In the year 1956: Pricing changed by 1.79%, which is below the average yearly change for transportation during the 1956-2024 time period. Compared to inflation for all items in 1956 (1.52%), inflation for transportation was higher.
Below are calculations of equivalent buying power for Transportation, over time, for $425,000,000,000 beginning in 1956. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1956 | $425,000,000,000.00 | 1.79% |
1957 | $448,680,351,906.16 | 5.57% |
1958 | $463,511,730,205.28 | 3.31% |
1959 | $482,705,278,592.38 | 4.14% |
1960 | $482,580,645,161.29 | -0.03% |
1961 | $488,064,516,129.03 | 1.14% |
1962 | $498,284,457,478.01 | 2.09% |
1963 | $501,026,392,961.88 | 0.55% |
1964 | $508,504,398,826.98 | 1.49% |
1965 | $516,854,838,709.68 | 1.64% |
1966 | $524,208,211,143.70 | 1.42% |
1967 | $539,164,222,873.90 | 2.85% |
1968 | $556,363,636,363.64 | 3.19% |
1969 | $577,800,586,510.26 | 3.85% |
1970 | $607,463,343,108.50 | 5.13% |
1971 | $639,369,501,466.28 | 5.25% |
1972 | $646,847,507,331.38 | 1.17% |
1973 | $667,287,390,029.33 | 3.16% |
1974 | $742,067,448,680.35 | 11.21% |
1975 | $811,737,536,656.89 | 9.39% |
1976 | $892,500,000,000.00 | 9.95% |
1977 | $955,439,882,697.95 | 7.05% |
1978 | $1,000,183,284,457.48 | 4.68% |
1979 | $1,142,763,929,618.77 | 14.26% |
1980 | $1,346,290,322,580.65 | 17.81% |
1981 | $1,509,310,850,439.88 | 12.11% |
1982 | $1,571,502,932,551.32 | 4.12% |
1983 | $1,609,017,595,307.92 | 2.39% |
1984 | $1,680,432,551,319.65 | 4.44% |
1985 | $1,724,802,052,785.92 | 2.64% |
1986 | $1,657,749,266,862.17 | -3.89% |
1987 | $1,707,851,906,158.36 | 3.02% |
1988 | $1,760,571,847,507.33 | 3.09% |
1989 | $1,848,687,683,284.46 | 5.00% |
1990 | $1,952,631,964,809.38 | 5.62% |
1991 | $2,006,348,973,607.04 | 2.75% |
1992 | $2,050,219,941,348.97 | 2.19% |
1993 | $2,112,162,756,598.24 | 3.02% |
1994 | $2,175,975,073,313.78 | 3.02% |
1995 | $2,253,870,967,741.94 | 3.58% |
1996 | $2,317,434,017,595.31 | 2.82% |
1997 | $2,337,624,633,431.09 | 0.87% |
1998 | $2,293,504,398,826.98 | -1.89% |
1999 | $2,339,618,768,328.45 | 2.01% |
2000 | $2,484,318,181,818.18 | 6.18% |
2001 | $2,499,274,193,548.39 | 0.60% |
2002 | $2,476,715,542,521.99 | -0.90% |
2003 | $2,552,866,568,914.96 | 3.07% |
2004 | $2,642,602,639,296.19 | 3.52% |
2005 | $2,817,712,609,970.68 | 6.63% |
2006 | $2,930,381,231,671.55 | 4.00% |
2007 | $2,992,275,439,882.70 | 2.11% |
2008 | $3,168,357,551,319.65 | 5.88% |
2009 | $2,904,309,164,222.87 | -8.33% |
2010 | $3,133,467,668,621.70 | 7.89% |
2011 | $3,440,827,419,354.84 | 9.81% |
2012 | $3,521,375,513,196.48 | 2.34% |
2013 | $3,522,578,225,806.45 | 0.03% |
2014 | $3,498,722,140,762.46 | -0.68% |
2015 | $3,225,346,187,683.28 | -7.81% |
2016 | $3,157,733,797,653.96 | -2.10% |
2017 | $3,265,827,126,099.71 | 3.42% |
2018 | $3,413,243,548,387.10 | 4.51% |
2019 | $3,403,598,167,155.43 | -0.28% |
2020 | $3,262,086,876,832.85 | -4.16% |
2021 | $3,737,184,530,791.79 | 14.56% |
2022 | $4,315,168,328,445.75 | 15.47% |
2023 | $4,325,676,173,020.53 | 0.24% |
2024 | $4,327,284,775,171.07 | 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 |