According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,607.65% higher in 2024 versus 1917 (a $730,141.15 difference in value).
Between 1917 and 2024: Boston experienced an average inflation rate of 3.13% per year. This rate of change indicates significant inflation. In other words, $28,000 in Boston in the year 1917 would cost $758,141.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.02% during this same period, inflation in Boston was higher.
In the year 1917: Pricing changed by 13.48%, which is significantly above the average yearly change in Boston during the 1917-2024 time period. Compared to inflation for all items in 1917 (17.81%), inflation in Boston was much lower.
Below are calculations of equivalent buying power in Boston, over time, for $28,000 beginning in 1917. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1917 | $28,000.00 | 13.48% |
1918 | $32,980.31 | 17.79% |
1919 | $39,994.57 | 21.27% |
1920 | $46,894.77 | 17.25% |
1921 | $42,693.82 | -8.96% |
1922 | $38,911.07 | -8.86% |
1923 | $39,500.34 | 1.51% |
1924 | $39,766.46 | 0.67% |
1925 | $40,203.67 | 1.10% |
1926 | $41,686.35 | 3.69% |
1927 | $41,249.15 | -1.05% |
1928 | $40,450.78 | -1.94% |
1929 | $40,260.69 | -0.47% |
1930 | $39,975.56 | -0.71% |
1931 | $36,877.12 | -7.75% |
1932 | $33,246.44 | -9.85% |
1933 | $31,041.41 | -6.63% |
1934 | $32,010.86 | 3.12% |
1935 | $32,676.17 | 2.08% |
1936 | $32,866.26 | 0.58% |
1937 | $33,607.60 | 2.26% |
1938 | $32,752.21 | -2.55% |
1939 | $32,257.98 | -1.51% |
1940 | $32,562.12 | 0.94% |
1941 | $34,006.79 | 4.44% |
1942 | $37,637.47 | 10.68% |
1943 | $39,614.39 | 5.25% |
1944 | $40,051.60 | 1.10% |
1945 | $40,868.97 | 2.04% |
1946 | $44,214.53 | 8.19% |
1947 | $50,335.37 | 13.84% |
1948 | $54,479.29 | 8.23% |
1949 | $53,813.99 | -1.22% |
1950 | $54,517.31 | 1.31% |
1951 | $58,167.01 | 6.69% |
1952 | $59,440.60 | 2.19% |
1953 | $59,592.67 | 0.26% |
1954 | $59,820.77 | 0.38% |
1955 | $60,105.91 | 0.48% |
1956 | $61,759.67 | 2.75% |
1957 | $63,926.68 | 3.51% |
1958 | $65,979.63 | 3.21% |
1959 | $66,492.87 | 0.78% |
1960 | $67,747.45 | 1.89% |
1961 | $68,773.93 | 1.52% |
1962 | $70,256.62 | 2.16% |
1963 | $71,682.28 | 2.03% |
1964 | $72,651.73 | 1.35% |
1965 | $74,020.37 | 1.88% |
1966 | $76,301.43 | 3.08% |
1967 | $78,297.35 | 2.62% |
1968 | $81,376.78 | 3.93% |
1969 | $85,881.87 | 5.54% |
1970 | $91,128.31 | 6.11% |
1971 | $95,975.56 | 5.32% |
1972 | $99,397.15 | 3.57% |
1973 | $104,928.72 | 5.57% |
1974 | $115,763.75 | 10.33% |
1975 | $126,199.59 | 9.01% |
1976 | $136,464.36 | 8.13% |
1977 | $143,421.59 | 5.10% |
1978 | $151,082.15 | 5.34% |
1979 | $166,289.21 | 10.07% |
1980 | $187,389.00 | 12.69% |
1981 | $208,678.89 | 11.36% |
1982 | $217,613.03 | 4.28% |
1983 | $227,231.50 | 4.42% |
1984 | $238,408.69 | 4.92% |
1985 | $248,977.60 | 4.43% |
1986 | $255,782.76 | 2.73% |
1987 | $266,693.82 | 4.27% |
1988 | $282,357.09 | 5.87% |
1989 | $298,818.74 | 5.83% |
1990 | $316,116.77 | 5.79% |
1991 | $330,449.42 | 4.53% |
1992 | $338,509.16 | 2.44% |
1993 | $348,583.84 | 2.98% |
1994 | $352,993.89 | 1.27% |
1995 | $361,471.83 | 2.40% |
1996 | $372,040.73 | 2.92% |
1997 | $382,761.71 | 2.88% |
1998 | $391,391.72 | 2.25% |
1999 | $400,858.11 | 2.42% |
2000 | $418,042.09 | 4.29% |
2001 | $436,556.69 | 4.43% |
2002 | $447,695.86 | 2.55% |
2003 | $464,271.55 | 3.70% |
2004 | $477,577.73 | 2.87% |
2005 | $492,708.76 | 3.17% |
2006 | $508,448.07 | 3.19% |
2007 | $518,018.63 | 1.88% |
2008 | $537,014.15 | 3.67% |
2009 | $532,648.20 | -0.81% |
2010 | $541,388.08 | 1.64% |
2011 | $555,731.00 | 2.65% |
2012 | $564,707.35 | 1.62% |
2013 | $572,562.17 | 1.39% |
2014 | $581,955.19 | 1.64% |
2015 | $585,645.57 | 0.63% |
2016 | $593,718.62 | 1.38% |
2017 | $608,862.57 | 2.55% |
2018 | $628,502.10 | 3.23% |
2019 | $641,121.30 | 2.01% |
2020 | $648,023.41 | 1.08% |
2021 | $668,061.37 | 3.09% |
2022 | $716,201.60 | 7.21% |
2023 | $742,982.38 | 3.74% |
2024 | $758,141.15 | 2.04%* |
* 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 Boston, Massachusetts:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 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 | 10.500 | 10.517 | 10.817 | 12.275 | 14.458 | 17.533 | 20.558 | 18.717 | 17.058 | 17.317 | 17.433 | 17.625 | 18.275 | 18.083 | 17.733 | 17.650 | 17.525 | 16.167 | 14.575 | 13.608 | 14.033 | 14.325 | 14.408 | 14.733 | 14.358 | 14.142 | 14.275 | 14.908 | 16.500 | 17.367 | 17.558 | 17.917 | 19.383 | 22.067 | 23.883 | 23.592 | 23.900 | 25.500 | 26.058 | 26.125 | 26.225 | 26.350 | 27.075 | 28.025 | 28.925 | 29.150 | 29.700 | 30.150 | 30.800 | 31.425 | 31.850 | 32.450 | 33.450 | 34.325 | 35.675 | 37.650 | 39.950 | 42.075 | 43.575 | 46.000 | 50.750 | 55.325 | 59.825 | 62.875 | 66.233 | 72.900 | 82.150 | 91.483 | 95.400 | 99.617 | 104.517 | 109.150 | 112.133 | 116.917 | 123.783 | 131.000 | 138.583 | 144.867 | 148.400 | 152.817 | 154.750 | 158.467 | 163.100 | 167.800 | 171.583 | 175.733 | 183.267 | 191.383 | 196.267 | 203.533 | 209.367 | 216.000 | 222.900 | 227.096 | 235.423 | 233.509 | 237.341 | 243.629 | 247.564 | 251.007 | 255.125 | 256.743 | 260.282 | 266.921 | 275.531 | 281.063 | 284.089 | 292.873 | 313.978 | 325.718 | 332.364 |