According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,228.29% higher in 2024 versus 1940 (a $16,196,482,626.68 difference in value).
Between 1940 and 2024: Boston experienced an average inflation rate of 3.82% per year. This rate of change indicates significant inflation. In other words, $726,856,420 in Boston in the year 1940 would cost $16,923,339,046.68 in 2024 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 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Boston was higher.
Below are calculations of equivalent buying power in Boston, over time, for $726,856,420 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $726,856,420.00 | 0.94% |
1941 | $759,104,574.07 | 4.44% |
1942 | $840,149,277.06 | 10.68% |
1943 | $884,278,329.99 | 5.25% |
1944 | $894,037,639.78 | 1.10% |
1945 | $912,283,305.90 | 2.04% |
1946 | $986,963,241.63 | 8.19% |
1947 | $1,123,593,578.61 | 13.84% |
1948 | $1,216,094,862.65 | 8.23% |
1949 | $1,201,243,739.07 | -1.22% |
1950 | $1,216,943,498.28 | 1.31% |
1951 | $1,298,412,519.09 | 6.69% |
1952 | $1,326,841,812.81 | 2.19% |
1953 | $1,330,236,355.34 | 0.26% |
1954 | $1,335,328,169.14 | 0.38% |
1955 | $1,341,692,936.39 | 0.48% |
1956 | $1,378,608,586.44 | 2.75% |
1957 | $1,426,980,817.55 | 3.51% |
1958 | $1,472,807,141.75 | 3.21% |
1959 | $1,484,263,722.80 | 0.78% |
1960 | $1,512,268,698.70 | 1.89% |
1961 | $1,535,181,860.81 | 1.52% |
1962 | $1,568,278,650.51 | 2.16% |
1963 | $1,600,102,486.76 | 2.03% |
1964 | $1,621,742,695.41 | 1.35% |
1965 | $1,652,293,578.21 | 1.88% |
1966 | $1,703,211,716.22 | 3.08% |
1967 | $1,747,765,086.97 | 2.62% |
1968 | $1,816,504,573.27 | 3.93% |
1969 | $1,917,067,895.83 | 5.54% |
1970 | $2,034,179,613.24 | 6.11% |
1971 | $2,142,380,656.50 | 5.32% |
1972 | $2,218,757,863.50 | 3.57% |
1973 | $2,342,234,348.16 | 5.57% |
1974 | $2,584,095,503.68 | 10.33% |
1975 | $2,817,045,985.04 | 9.01% |
1976 | $3,046,177,606.06 | 8.13% |
1977 | $3,201,477,926.97 | 5.10% |
1978 | $3,372,478,007.10 | 5.34% |
1979 | $3,711,932,260.46 | 10.07% |
1980 | $4,182,925,036.99 | 12.69% |
1981 | $4,658,160,991.69 | 11.36% |
1982 | $4,857,590,365.53 | 4.28% |
1983 | $5,072,295,180.78 | 4.42% |
1984 | $5,321,794,057.00 | 4.92% |
1985 | $5,557,714,763.08 | 4.43% |
1986 | $5,709,620,541.46 | 2.73% |
1987 | $5,953,178,968.24 | 4.27% |
1988 | $6,302,816,849.20 | 5.87% |
1989 | $6,670,276,078.46 | 5.83% |
1990 | $7,056,405,291.65 | 5.79% |
1991 | $7,376,340,925.44 | 4.53% |
1992 | $7,556,251,679.72 | 2.44% |
1993 | $7,781,140,122.57 | 2.98% |
1994 | $7,879,581,856.04 | 1.27% |
1995 | $8,068,827,602.29 | 2.40% |
1996 | $8,304,748,308.37 | 2.92% |
1997 | $8,544,063,556.99 | 2.88% |
1998 | $8,736,703,845.77 | 2.25% |
1999 | $8,948,014,118.48 | 2.42% |
2000 | $9,331,597,424.78 | 4.29% |
2001 | $9,744,882,978.24 | 4.43% |
2002 | $9,993,533,218.82 | 2.55% |
2003 | $10,363,538,354.98 | 3.70% |
2004 | $10,660,560,826.67 | 2.87% |
2005 | $10,998,317,808.76 | 3.17% |
2006 | $11,349,652,960.98 | 3.19% |
2007 | $11,563,288,495.33 | 1.88% |
2008 | $11,987,309,289.55 | 3.67% |
2009 | $11,889,851,973.42 | -0.81% |
2010 | $12,084,944,819.18 | 1.64% |
2011 | $12,405,109,584.59 | 2.65% |
2012 | $12,605,480,943.99 | 1.62% |
2013 | $12,780,817,552.20 | 1.39% |
2014 | $12,990,489,958.14 | 1.64% |
2015 | $13,072,867,019.08 | 0.63% |
2016 | $13,253,074,795.83 | 1.38% |
2017 | $13,591,120,314.03 | 2.55% |
2018 | $14,029,516,995.89 | 3.23% |
2019 | $14,311,204,621.68 | 2.01% |
2020 | $14,465,274,420.92 | 1.08% |
2021 | $14,912,564,804.21 | 3.09% |
2022 | $15,987,158,161.35 | 7.21% |
2023 | $16,584,962,560.58 | 3.74% |
2024 | $16,923,339,046.68 | 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 |