According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 640.94% higher in 2024 versus 1970 (a $2,442,638,008.35 difference in value).
Between 1970 and 2024: Chicago experienced an average inflation rate of 3.78% per year. This rate of change indicates significant inflation. In other words, $381,100,000 in Chicago in the year 1970 would cost $2,823,738,008.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation in Chicago was lower.
In the year 1970: Pricing changed by 5.73%, which is above the average yearly change in Chicago during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation in Chicago was lower.
Below are calculations of equivalent buying power in Chicago, over time, for $381,100,000 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 | $381,100,000.00 | 5.73% |
1971 | $396,115,503.21 | 3.94% |
1972 | $407,377,130.62 | 2.84% |
1973 | $432,919,807.28 | 6.27% |
1974 | $478,700,770.88 | 10.57% |
1975 | $516,484,346.90 | 7.89% |
1976 | $541,210,963.60 | 4.79% |
1977 | $575,240,663.81 | 6.29% |
1978 | $625,265,139.19 | 8.70% |
1979 | $703,280,471.09 | 12.48% |
1980 | $804,716,723.77 | 14.42% |
1981 | $881,752,783.73 | 9.57% |
1982 | $941,896,402.57 | 6.82% |
1983 | $979,435,160.60 | 3.99% |
1984 | $1,016,402,676.66 | 3.77% |
1985 | $1,054,757,494.65 | 3.77% |
1986 | $1,076,791,113.49 | 2.09% |
1987 | $1,121,184,775.16 | 4.12% |
1988 | $1,165,007,194.86 | 3.91% |
1989 | $1,223,926,723.77 | 5.06% |
1990 | $1,289,701,156.32 | 5.37% |
1991 | $1,342,010,599.57 | 4.06% |
1992 | $1,381,344,689.51 | 2.93% |
1993 | $1,423,943,019.27 | 3.08% |
1994 | $1,455,116,509.64 | 2.19% |
1995 | $1,501,387,109.21 | 3.18% |
1996 | $1,541,537,259.10 | 2.67% |
1997 | $1,583,727,558.89 | 2.74% |
1998 | $1,615,635,503.21 | 2.01% |
1999 | $1,649,093,961.46 | 2.07% |
2000 | $1,702,056,252.68 | 3.21% |
2001 | $1,746,368,308.35 | 2.60% |
2002 | $1,774,195,952.89 | 1.59% |
2003 | $1,806,838,351.18 | 1.84% |
2004 | $1,847,233,319.06 | 2.24% |
2005 | $1,903,133,426.12 | 3.03% |
2006 | $1,942,141,092.08 | 2.05% |
2007 | $2,005,721,139.40 | 3.27% |
2008 | $2,081,301,348.39 | 3.77% |
2009 | $2,056,422,944.54 | -1.20% |
2010 | $2,084,580,277.30 | 1.37% |
2011 | $2,141,512,700.21 | 2.73% |
2012 | $2,174,030,241.33 | 1.52% |
2013 | $2,198,907,829.12 | 1.14% |
2014 | $2,237,320,587.37 | 1.75% |
2015 | $2,230,706,421.41 | -0.30% |
2016 | $2,245,487,715.42 | 0.66% |
2017 | $2,287,690,256.10 | 1.88% |
2018 | $2,327,790,626.34 | 1.75% |
2019 | $2,361,814,614.13 | 1.46% |
2020 | $2,388,177,431.05 | 1.12% |
2021 | $2,488,908,607.92 | 4.22% |
2022 | $2,676,899,443.90 | 7.55% |
2023 | $2,765,948,722.48 | 3.33% |
2024 | $2,823,738,008.35 | 2.09%* |
* 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 Chicago, Illinois:
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 | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 288.351 |