According to the U.S. Bureau of Labor Statistics, prices for transportation are 796.70% higher in 2024 versus 1960 (a $478,018,026,859,504.06 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 $60,000,000,000,000 in the year 1960 would cost $538,018,026,859,504.06 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 $60,000,000,000,000 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 | $60,000,000,000,000.00 | -0.03% |
1961 | $60,681,818,181,818.19 | 1.14% |
1962 | $61,952,479,338,842.98 | 2.09% |
1963 | $62,293,388,429,752.07 | 0.55% |
1964 | $63,223,140,495,867.77 | 1.49% |
1965 | $64,261,363,636,363.63 | 1.64% |
1966 | $65,175,619,834,710.74 | 1.42% |
1967 | $67,035,123,966,942.14 | 2.85% |
1968 | $69,173,553,719,008.26 | 3.19% |
1969 | $71,838,842,975,206.61 | 3.85% |
1970 | $75,526,859,504,132.23 | 5.13% |
1971 | $79,493,801,652,892.55 | 5.25% |
1972 | $80,423,553,719,008.25 | 1.17% |
1973 | $82,964,876,033,057.84 | 3.16% |
1974 | $92,262,396,694,214.88 | 11.21% |
1975 | $100,924,586,776,859.48 | 9.39% |
1976 | $110,965,909,090,909.13 | 9.95% |
1977 | $118,791,322,314,049.58 | 7.05% |
1978 | $124,354,338,842,975.20 | 4.68% |
1979 | $142,081,611,570,247.91 | 14.26% |
1980 | $167,386,363,636,363.66 | 17.81% |
1981 | $187,654,958,677,685.97 | 12.11% |
1982 | $195,387,396,694,214.88 | 4.12% |
1983 | $200,051,652,892,561.97 | 2.39% |
1984 | $208,930,785,123,966.88 | 4.44% |
1985 | $214,447,314,049,586.75 | 2.64% |
1986 | $206,110,537,190,082.59 | -3.89% |
1987 | $212,339,876,033,057.84 | 3.02% |
1988 | $218,894,628,099,173.53 | 3.09% |
1989 | $229,850,206,611,570.25 | 5.00% |
1990 | $242,773,760,330,578.47 | 5.62% |
1991 | $249,452,479,338,842.97 | 2.75% |
1992 | $254,907,024,793,388.41 | 2.19% |
1993 | $262,608,471,074,380.16 | 3.02% |
1994 | $270,542,355,371,900.84 | 3.02% |
1995 | $280,227,272,727,272.72 | 3.58% |
1996 | $288,130,165,289,256.19 | 2.82% |
1997 | $290,640,495,867,768.63 | 0.87% |
1998 | $285,154,958,677,686.00 | -1.89% |
1999 | $290,888,429,752,066.06 | 2.01% |
2000 | $308,879,132,231,404.94 | 6.18% |
2001 | $310,738,636,363,636.38 | 0.60% |
2002 | $307,933,884,297,520.75 | -0.90% |
2003 | $317,401,859,504,132.25 | 3.07% |
2004 | $328,558,884,297,520.75 | 3.52% |
2005 | $350,330,578,512,396.75 | 6.63% |
2006 | $364,338,842,975,206.56 | 4.00% |
2007 | $372,034,245,867,768.63 | 2.11% |
2008 | $393,926,807,851,239.69 | 5.88% |
2009 | $361,097,262,396,694.25 | -8.33% |
2010 | $389,588,894,628,099.13 | 7.89% |
2011 | $427,803,409,090,909.06 | 9.81% |
2012 | $437,818,078,512,396.75 | 2.34% |
2013 | $437,967,613,636,363.63 | 0.03% |
2014 | $435,001,549,586,776.81 | -0.68% |
2015 | $401,012,293,388,429.69 | -7.81% |
2016 | $392,605,940,082,644.63 | -2.10% |
2017 | $406,045,351,239,669.44 | 3.42% |
2018 | $424,373,863,636,363.63 | 4.51% |
2019 | $423,174,638,429,752.06 | -0.28% |
2020 | $405,580,320,247,933.94 | -4.16% |
2021 | $464,649,948,347,107.44 | 14.56% |
2022 | $536,511,570,247,933.94 | 15.47% |
2023 | $537,818,026,859,504.06 | 0.24% |
2024 | $538,018,026,859,504.06 | 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 |