According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,607.65% higher in 2024 versus 1917 (a $14,081,293.69 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, $540,000 in Boston in the year 1917 would cost $14,621,293.69 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 $540,000 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 | $540,000.00 | 13.48% |
1918 | $636,048.88 | 17.79% |
1919 | $771,323.83 | 21.27% |
1920 | $904,399.19 | 17.25% |
1921 | $823,380.86 | -8.96% |
1922 | $750,427.70 | -8.86% |
1923 | $761,792.26 | 1.51% |
1924 | $766,924.64 | 0.67% |
1925 | $775,356.42 | 1.10% |
1926 | $803,951.12 | 3.69% |
1927 | $795,519.35 | -1.05% |
1928 | $780,122.20 | -1.94% |
1929 | $776,456.21 | -0.47% |
1930 | $770,957.23 | -0.71% |
1931 | $711,201.63 | -7.75% |
1932 | $641,181.26 | -9.85% |
1933 | $598,655.80 | -6.63% |
1934 | $617,352.34 | 3.12% |
1935 | $630,183.30 | 2.08% |
1936 | $633,849.29 | 0.58% |
1937 | $648,146.64 | 2.26% |
1938 | $631,649.69 | -2.55% |
1939 | $622,118.13 | -1.51% |
1940 | $627,983.71 | 0.94% |
1941 | $655,845.21 | 4.44% |
1942 | $725,865.58 | 10.68% |
1943 | $763,991.85 | 5.25% |
1944 | $772,423.63 | 1.10% |
1945 | $788,187.37 | 2.04% |
1946 | $852,708.76 | 8.19% |
1947 | $970,753.56 | 13.84% |
1948 | $1,050,672.10 | 8.23% |
1949 | $1,037,841.14 | -1.22% |
1950 | $1,051,405.30 | 1.31% |
1951 | $1,121,792.26 | 6.69% |
1952 | $1,146,354.38 | 2.19% |
1953 | $1,149,287.17 | 0.26% |
1954 | $1,153,686.35 | 0.38% |
1955 | $1,159,185.34 | 0.48% |
1956 | $1,191,079.43 | 2.75% |
1957 | $1,232,871.69 | 3.51% |
1958 | $1,272,464.36 | 3.21% |
1959 | $1,282,362.53 | 0.78% |
1960 | $1,306,558.04 | 1.89% |
1961 | $1,326,354.38 | 1.52% |
1962 | $1,354,949.08 | 2.16% |
1963 | $1,382,443.99 | 2.03% |
1964 | $1,401,140.53 | 1.35% |
1965 | $1,427,535.64 | 1.88% |
1966 | $1,471,527.49 | 3.08% |
1967 | $1,510,020.37 | 2.62% |
1968 | $1,569,409.37 | 3.93% |
1969 | $1,656,293.28 | 5.54% |
1970 | $1,757,474.54 | 6.11% |
1971 | $1,850,957.23 | 5.32% |
1972 | $1,916,945.01 | 3.57% |
1973 | $2,023,625.25 | 5.57% |
1974 | $2,232,586.56 | 10.33% |
1975 | $2,433,849.29 | 9.01% |
1976 | $2,631,812.63 | 8.13% |
1977 | $2,765,987.78 | 5.10% |
1978 | $2,913,727.09 | 5.34% |
1979 | $3,207,006.11 | 10.07% |
1980 | $3,613,930.75 | 12.69% |
1981 | $4,024,521.38 | 11.36% |
1982 | $4,196,822.81 | 4.28% |
1983 | $4,382,321.79 | 4.42% |
1984 | $4,597,881.87 | 4.92% |
1985 | $4,801,710.79 | 4.43% |
1986 | $4,932,953.16 | 2.73% |
1987 | $5,143,380.86 | 4.27% |
1988 | $5,445,458.25 | 5.87% |
1989 | $5,762,932.79 | 5.83% |
1990 | $6,096,537.68 | 5.79% |
1991 | $6,372,953.16 | 4.53% |
1992 | $6,528,391.04 | 2.44% |
1993 | $6,722,688.39 | 2.98% |
1994 | $6,807,739.31 | 1.27% |
1995 | $6,971,242.36 | 2.40% |
1996 | $7,175,071.28 | 2.92% |
1997 | $7,381,832.99 | 2.88% |
1998 | $7,548,268.84 | 2.25% |
1999 | $7,730,835.03 | 2.42% |
2000 | $8,062,240.33 | 4.29% |
2001 | $8,419,307.54 | 4.43% |
2002 | $8,634,134.42 | 2.55% |
2003 | $8,953,808.55 | 3.70% |
2004 | $9,210,427.70 | 2.87% |
2005 | $9,502,240.33 | 3.17% |
2006 | $9,805,784.11 | 3.19% |
2007 | $9,990,359.27 | 1.88% |
2008 | $10,356,701.43 | 3.67% |
2009 | $10,272,501.02 | -0.81% |
2010 | $10,441,055.80 | 1.64% |
2011 | $10,717,669.25 | 2.65% |
2012 | $10,890,784.52 | 1.62% |
2013 | $11,042,270.47 | 1.39% |
2014 | $11,223,421.59 | 1.64% |
2015 | $11,294,593.08 | 0.63% |
2016 | $11,450,287.58 | 1.38% |
2017 | $11,742,349.49 | 2.55% |
2018 | $12,121,112.02 | 3.23% |
2019 | $12,364,482.28 | 2.01% |
2020 | $12,497,594.30 | 1.08% |
2021 | $12,884,040.73 | 3.09% |
2022 | $13,812,459.47 | 7.21% |
2023 | $14,328,945.82 | 3.74% |
2024 | $14,621,293.69 | 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 |