Boston, Massachusetts prices: $1,000 in 1940 $21,745.18 in 2022

Inflation in Massachusetts

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Prices in Boston, 1940-2022 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,074.52% higher in 2022 versus 1940 (a $20,745.18 difference in value).

Between 1940 and 2022: Boston experienced an average inflation rate of 3.83% per year. This rate of change indicates significant inflation. In other words, $1,000 in Boston in the year 1940 would cost $21,745.18 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation in Boston was higher.

In the year 1940: Pricing changed by 0.94%, which is below the average yearly change in Boston during the 1940-2022 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Boston was higher.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).

View price changes for other categories
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Buying power of $1,000.00 since 1940

Below are calculations of equivalent buying power in Boston, over time, for $1,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1940$1,000.000.94%
1941$1,044.374.44%
1942$1,155.8710.68%
1943$1,216.585.25%
1944$1,230.011.10%
1945$1,255.112.04%
1946$1,357.858.19%
1947$1,545.8313.84%
1948$1,673.098.23%
1949$1,652.66-1.22%
1950$1,674.261.31%
1951$1,786.346.69%
1952$1,825.452.19%
1953$1,830.120.26%
1954$1,837.130.38%
1955$1,845.880.48%
1956$1,896.672.75%
1957$1,963.223.51%
1958$2,026.273.21%
1959$2,042.030.78%
1960$2,080.561.89%
1961$2,112.081.52%
1962$2,157.622.16%
1963$2,201.402.03%
1964$2,231.171.35%
1965$2,273.201.88%
1966$2,343.263.08%
1967$2,404.552.62%
1968$2,499.123.93%
1969$2,637.485.54%
1970$2,798.606.11%
1971$2,947.465.32%
1972$3,052.543.57%
1973$3,222.425.57%
1974$3,555.1710.33%
1975$3,875.669.01%
1976$4,190.898.13%
1977$4,404.555.10%
1978$4,639.815.34%
1979$5,106.8310.07%
1980$5,754.8212.69%
1981$6,408.6411.36%
1982$6,683.014.28%
1983$6,978.404.42%
1984$7,321.664.92%
1985$7,646.234.43%
1986$7,855.222.73%
1987$8,190.314.27%
1988$8,671.345.87%
1989$9,176.885.83%
1990$9,708.115.79%
1991$10,148.284.53%
1992$10,395.802.44%
1993$10,705.202.98%
1994$10,840.631.27%
1995$11,100.992.40%
1996$11,425.572.92%
1997$11,754.822.88%
1998$12,019.852.25%
1999$12,310.572.42%
2000$12,838.304.29%
2001$13,406.894.43%
2002$13,748.982.55%
2003$14,258.033.70%
2004$14,666.672.87%
2005$15,131.353.17%
2006$15,614.713.19%
2007$15,908.631.88%
2008$16,491.993.67%
2009$16,357.91-0.81%
2010$16,626.321.64%
2011$17,066.802.65%
2012$17,342.461.62%
2013$17,583.691.39%
2014$17,872.151.64%
2015$17,985.490.63%
2016$18,233.421.38%
2017$18,698.492.55%
2018$19,301.633.23%
2019$19,689.182.01%
2020$19,901.141.08%
2021$20,516.523.09%
2022$21,745.185.99%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Boston, Massachusetts:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.50010.51710.81712.27514.45817.53320.55818.71717.05817.31717.43317.62518.27518.08317.73317.65017.52516.16714.57513.60814.03314.32514.40814.73314.35814.14214.27514.90816.50017.36717.55817.91719.38322.06723.88323.59223.90025.50026.05826.12526.22526.35027.07528.02528.92529.15029.70030.15030.80031.42531.85032.45033.45034.32535.67537.65039.95042.07543.57546.00050.75055.32559.82562.87566.23372.90082.15091.48395.40099.617104.517109.150112.133116.917123.783131.000138.583144.867148.400152.817154.750158.467163.100167.800171.583175.733183.267191.383196.267203.533209.367216.000222.900227.096235.423233.509237.341243.629247.564251.007255.125256.743260.282266.921275.531281.063284.089292.873310.412

Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1940 * 1940 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 14.275 in the year 1940 and 310.412 in 2022:

310.412 / 14.275 * $1,000 = $21,745.18

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1940 has the same "purchasing power" as $21,745.18 in 2022 (in the CPI category of Boston, Massachusetts).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boston, Massachusetts in 1914. In addition to Boston, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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