According to the U.S. Bureau of Labor Statistics, prices for transportation are 618.76% higher in 2024 versus 1970 (a $389,819,286,007.39 difference in value).
Between 1970 and 2024: Transportation experienced an average inflation rate of 3.72% per year. This rate of change indicates significant inflation. In other words, transportation costing $63,000,000,000 in the year 1970 would cost $452,819,286,007.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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 $63,000,000,000 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 | $63,000,000,000.00 | 5.13% |
1971 | $66,308,986,458.76 | 5.25% |
1972 | $67,084,530,160.03 | 1.17% |
1973 | $69,204,349,610.18 | 3.16% |
1974 | $76,959,786,622.90 | 11.21% |
1975 | $84,185,268,773.08 | 9.39% |
1976 | $92,561,140,746.82 | 9.95% |
1977 | $99,088,633,565.86 | 7.05% |
1978 | $103,728,970,045.14 | 4.68% |
1979 | $118,516,003,282.72 | 14.26% |
1980 | $139,623,717,685.68 | 17.81% |
1981 | $156,530,570,373.41 | 12.11% |
1982 | $162,980,508,822.32 | 4.12% |
1983 | $166,871,153,057.04 | 2.39% |
1984 | $174,277,595,404.19 | 4.44% |
1985 | $178,879,154,698.40 | 2.64% |
1986 | $171,925,112,843.66 | -3.89% |
1987 | $177,121,255,642.18 | 3.02% |
1988 | $182,588,838,736.15 | 3.09% |
1989 | $191,727,328,682.81 | 5.00% |
1990 | $202,507,386,130.49 | 5.62% |
1991 | $208,078,375,051.29 | 2.75% |
1992 | $212,628,231,432.09 | 2.19% |
1993 | $219,052,318,424.29 | 3.02% |
1994 | $225,670,291,341.81 | 3.02% |
1995 | $233,748,871,563.40 | 3.58% |
1996 | $240,340,993,024.21 | 2.82% |
1997 | $242,434,961,017.64 | 0.87% |
1998 | $237,859,253,180.14 | -1.89% |
1999 | $242,641,772,671.32 | 2.01% |
2000 | $257,648,543,290.93 | 6.18% |
2001 | $259,199,630,693.48 | 0.60% |
2002 | $256,860,073,861.30 | -0.90% |
2003 | $264,757,693,885.93 | 3.07% |
2004 | $274,064,218,301.19 | 3.52% |
2005 | $292,224,866,639.31 | 6.63% |
2006 | $303,909,725,071.81 | 4.00% |
2007 | $310,328,771,029.95 | 2.11% |
2008 | $328,590,240,049.24 | 5.88% |
2009 | $301,205,791,957.32 | -8.33% |
2010 | $324,971,811,653.67 | 7.89% |
2011 | $356,848,079,606.07 | 9.81% |
2012 | $365,201,719,327.04 | 2.34% |
2013 | $365,326,452,605.66 | 0.03% |
2014 | $362,852,338,941.32 | -0.68% |
2015 | $334,500,529,339.35 | -7.81% |
2016 | $327,488,450,964.30 | -2.10% |
2017 | $338,698,805,908.90 | 3.42% |
2018 | $353,987,357,406.65 | 4.51% |
2019 | $352,987,035,289.29 | -0.28% |
2020 | $338,310,904,800.98 | -4.16% |
2021 | $387,583,264,259.34 | 14.56% |
2022 | $447,525,941,731.64 | 15.47% |
2023 | $448,615,709,889.21 | 0.24% |
2024 | $452,819,286,007.39 | 0.94%* |
* 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 | 269.480 |