According to the U.S. Bureau of Labor Statistics, prices for transportation are 623.84% higher in 2024 versus 1970 (a $374,301,176,309,670.38 difference in value).
Between 1970 and 2024: Transportation experienced an average inflation rate of 3.73% per year. This rate of change indicates significant inflation. In other words, transportation costing $60,000,000,000,000 in the year 1970 would cost $434,301,176,309,670.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for transportation was lower.
In the year 1970: Pricing changed by 5.13%, which is above the average yearly change for transportation during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $60,000,000,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $60,000,000,000,000.00 | 5.13% |
1971 | $63,151,415,675,010.26 | 5.25% |
1972 | $63,890,028,723,840.78 | 1.17% |
1973 | $65,908,904,390,644.23 | 3.16% |
1974 | $73,295,034,878,949.53 | 11.21% |
1975 | $80,176,446,450,553.95 | 9.39% |
1976 | $88,153,467,377,923.69 | 9.95% |
1977 | $94,370,127,205,580.63 | 7.05% |
1978 | $98,789,495,281,083.31 | 4.68% |
1979 | $112,872,384,078,785.41 | 14.26% |
1980 | $132,974,969,224,456.31 | 17.81% |
1981 | $149,076,733,688,961.88 | 12.11% |
1982 | $155,219,532,211,735.75 | 4.12% |
1983 | $158,924,907,673,368.91 | 2.39% |
1984 | $165,978,662,289,700.44 | 4.44% |
1985 | $170,361,099,712,761.59 | 2.64% |
1986 | $163,738,202,708,247.84 | -3.89% |
1987 | $168,686,910,135,412.38 | 3.02% |
1988 | $173,894,132,129,667.63 | 3.09% |
1989 | $182,597,455,888,387.38 | 5.00% |
1990 | $192,864,177,267,131.72 | 5.62% |
1991 | $198,169,881,001,231.00 | 2.75% |
1992 | $202,503,077,554,370.13 | 2.19% |
1993 | $208,621,255,642,183.03 | 3.02% |
1994 | $214,924,086,992,203.56 | 3.02% |
1995 | $222,617,972,917,521.53 | 3.58% |
1996 | $228,896,183,832,581.03 | 2.82% |
1997 | $230,890,439,064,423.53 | 0.87% |
1998 | $226,532,622,076,323.38 | -1.89% |
1999 | $231,087,402,544,111.59 | 2.01% |
2000 | $245,379,565,038,982.41 | 6.18% |
2001 | $246,856,791,136,643.44 | 0.60% |
2002 | $244,628,641,772,671.38 | -0.90% |
2003 | $252,150,184,653,262.25 | 3.07% |
2004 | $261,013,541,239,228.63 | 3.52% |
2005 | $278,309,396,799,343.47 | 6.63% |
2006 | $289,437,833,401,723.44 | 4.00% |
2007 | $295,551,210,504,718.94 | 2.11% |
2008 | $312,943,085,761,181.81 | 5.88% |
2009 | $286,862,659,006,975.75 | -8.33% |
2010 | $309,496,963,479,688.06 | 7.89% |
2011 | $339,855,313,910,545.75 | 9.81% |
2012 | $347,811,161,263,849.06 | 2.34% |
2013 | $347,929,954,862,535.94 | 0.03% |
2014 | $345,573,656,134,591.75 | -0.68% |
2015 | $318,571,932,704,144.44 | -7.81% |
2016 | $311,893,762,823,143.25 | -2.10% |
2017 | $322,570,291,341,813.75 | 3.42% |
2018 | $337,130,816,577,759.56 | 4.51% |
2019 | $336,178,128,846,943.00 | -0.28% |
2020 | $322,200,861,715,223.69 | -4.16% |
2021 | $369,126,918,342,224.06 | 14.56% |
2022 | $426,215,182,601,559.25 | 15.47% |
2023 | $427,253,057,037,341.06 | 0.24% |
2024 | $434,301,176,309,670.38 | 1.65%* |
* 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 | 271.383 |