According to the U.S. Bureau of Labor Statistics, prices for transportation are 796.70% higher in 2024 versus 1960 (a $398,348,355,716.25 difference in value).
Between 1960 and 2024: Transportation experienced an average inflation rate of 3.49% per year. This rate of change indicates significant inflation. In other words, transportation costing $50,000,000,000 in the year 1960 would cost $448,348,355,716.25 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.74% during this same period, inflation for transportation was lower.
In the year 1960: Pricing changed by -0.03%, which is significantly below the average yearly change for transportation during the 1960-2024 time period. Compared to inflation for all items in 1960 (1.48%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $50,000,000,000 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1960 | $50,000,000,000.00 | -0.03% |
1961 | $50,568,181,818.18 | 1.14% |
1962 | $51,627,066,115.70 | 2.09% |
1963 | $51,911,157,024.79 | 0.55% |
1964 | $52,685,950,413.22 | 1.49% |
1965 | $53,551,136,363.64 | 1.64% |
1966 | $54,313,016,528.93 | 1.42% |
1967 | $55,862,603,305.79 | 2.85% |
1968 | $57,644,628,099.17 | 3.19% |
1969 | $59,865,702,479.34 | 3.85% |
1970 | $62,939,049,586.78 | 5.13% |
1971 | $66,244,834,710.74 | 5.25% |
1972 | $67,019,628,099.17 | 1.17% |
1973 | $69,137,396,694.21 | 3.16% |
1974 | $76,885,330,578.51 | 11.21% |
1975 | $84,103,822,314.05 | 9.39% |
1976 | $92,471,590,909.09 | 9.95% |
1977 | $98,992,768,595.04 | 7.05% |
1978 | $103,628,615,702.48 | 4.68% |
1979 | $118,401,342,975.21 | 14.26% |
1980 | $139,488,636,363.64 | 17.81% |
1981 | $156,379,132,231.40 | 12.11% |
1982 | $162,822,830,578.51 | 4.12% |
1983 | $166,709,710,743.80 | 2.39% |
1984 | $174,108,987,603.31 | 4.44% |
1985 | $178,706,095,041.32 | 2.64% |
1986 | $171,758,780,991.74 | -3.89% |
1987 | $176,949,896,694.21 | 3.02% |
1988 | $182,412,190,082.64 | 3.09% |
1989 | $191,541,838,842.98 | 5.00% |
1990 | $202,311,466,942.15 | 5.62% |
1991 | $207,877,066,115.70 | 2.75% |
1992 | $212,422,520,661.16 | 2.19% |
1993 | $218,840,392,561.98 | 3.02% |
1994 | $225,451,962,809.92 | 3.02% |
1995 | $233,522,727,272.73 | 3.58% |
1996 | $240,108,471,074.38 | 2.82% |
1997 | $242,200,413,223.14 | 0.87% |
1998 | $237,629,132,231.40 | -1.89% |
1999 | $242,407,024,793.39 | 2.01% |
2000 | $257,399,276,859.50 | 6.18% |
2001 | $258,948,863,636.36 | 0.60% |
2002 | $256,611,570,247.93 | -0.90% |
2003 | $264,501,549,586.78 | 3.07% |
2004 | $273,799,070,247.93 | 3.52% |
2005 | $291,942,148,760.33 | 6.63% |
2006 | $303,615,702,479.34 | 4.00% |
2007 | $310,028,538,223.14 | 2.11% |
2008 | $328,272,339,876.03 | 5.88% |
2009 | $300,914,385,330.58 | -8.33% |
2010 | $324,657,412,190.08 | 7.89% |
2011 | $356,502,840,909.09 | 9.81% |
2012 | $364,848,398,760.33 | 2.34% |
2013 | $364,973,011,363.64 | 0.03% |
2014 | $362,501,291,322.31 | -0.68% |
2015 | $334,176,911,157.02 | -7.81% |
2016 | $327,171,616,735.54 | -2.10% |
2017 | $338,371,126,033.06 | 3.42% |
2018 | $353,644,886,363.64 | 4.51% |
2019 | $352,645,532,024.79 | -0.28% |
2020 | $337,983,600,206.61 | -4.16% |
2021 | $387,208,290,289.26 | 14.56% |
2022 | $447,092,975,206.61 | 15.47% |
2023 | $448,181,689,049.59 | 0.24% |
2024 | $448,348,355,716.25 | 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 |