According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan were 2,341.23% higher in 2020 versus 1915 (a $12,876.79 difference in value).
Between 1915 and 2020: Detroit experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, $550 in Detroit in the year 1915 would cost $13,426.79 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.14% during this same period, inflation in Detroit was lower.
In the year 1915: Pricing changed by 0.34%, which is below the average yearly change in Detroit during the 1915-2020 time period. Compared to inflation for all items in 1915 (0.92%), inflation in Detroit was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Detroit, Michigan:
| 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 |
| CPI | 9.700 | 9.733 | 10.233 | 11.917 | 14.525 | 17.642 | 21.508 | 19.517 | 17.442 | 17.958 | 18.050 | 18.158 | 18.467 | 18.158 | 17.525 | 17.508 | 17.217 | 15.183 | 13.250 | 11.917 | 12.592 | 13.267 | 13.825 | 14.608 | 14.533 | 14.033 | 14.117 | 15.000 | 16.658 | 17.567 | 17.800 | 18.275 | 19.867 | 22.642 | 24.467 | 24.150 | 24.550 | 26.475 | 27.142 | 27.625 | 27.725 | 27.675 | 28.192 | 29.017 | 29.417 | 29.408 | 29.650 | 29.817 | 29.908 | 30.200 | 30.450 | 31.150 | 32.533 | 33.625 | 35.075 | 37.208 | 39.508 | 40.950 | 42.467 | 45.233 | 50.133 | 53.867 | 56.792 | 60.692 | 65.300 | 73.600 | 85.300 | 93.217 | 96.992 | 99.758 | 103.250 | 106.842 | 108.333 | 111.617 | 115.858 | 122.008 | 128.283 | 132.967 | 135.758 | 139.425 | 143.825 | 148.367 | 152.383 | 156.150 | 159.608 | 163.767 | 169.525 | 174.333 | 178.683 | 182.467 | 185.267 | 190.558 | 196.400 | 199.972 | 204.845 | 203.252 | 204.981 | 211.465 | 215.955 | 219.414 | 221.791 | 218.868 | 222.063 | 226.579 | 232.145 | 235.218 | 237.613 |
Below are calculations of equivalent buying power in Detroit, over time, for $550 beginning in 1915. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1915 | $550.00 | 0.34% |
| 1916 | $578.25 | 5.14% |
| 1917 | $673.37 | 16.45% |
| 1918 | $820.76 | 21.89% |
| 1919 | $996.88 | 21.46% |
| 1920 | $1,215.37 | 21.92% |
| 1921 | $1,102.83 | -9.26% |
| 1922 | $985.57 | -10.63% |
| 1923 | $1,014.77 | 2.96% |
| 1924 | $1,019.95 | 0.51% |
| 1925 | $1,026.07 | 0.60% |
| 1926 | $1,043.49 | 1.70% |
| 1927 | $1,026.07 | -1.67% |
| 1928 | $990.28 | -3.49% |
| 1929 | $989.34 | -0.10% |
| 1930 | $972.86 | -1.67% |
| 1931 | $857.96 | -11.81% |
| 1932 | $748.72 | -12.73% |
| 1933 | $673.37 | -10.06% |
| 1934 | $711.52 | 5.66% |
| 1935 | $749.66 | 5.36% |
| 1936 | $781.21 | 4.21% |
| 1937 | $825.47 | 5.67% |
| 1938 | $821.23 | -0.51% |
| 1939 | $792.98 | -3.44% |
| 1940 | $797.69 | 0.59% |
| 1941 | $847.60 | 6.26% |
| 1942 | $941.31 | 11.06% |
| 1943 | $992.64 | 5.45% |
| 1944 | $1,005.82 | 1.33% |
| 1945 | $1,032.66 | 2.67% |
| 1946 | $1,122.60 | 8.71% |
| 1947 | $1,279.41 | 13.97% |
| 1948 | $1,382.53 | 8.06% |
| 1949 | $1,364.64 | -1.29% |
| 1950 | $1,387.24 | 1.66% |
| 1951 | $1,496.02 | 7.84% |
| 1952 | $1,533.69 | 2.52% |
| 1953 | $1,561.00 | 1.78% |
| 1954 | $1,566.65 | 0.36% |
| 1955 | $1,563.83 | -0.18% |
| 1956 | $1,593.02 | 1.87% |
| 1957 | $1,639.64 | 2.93% |
| 1958 | $1,662.24 | 1.38% |
| 1959 | $1,661.77 | -0.03% |
| 1960 | $1,675.43 | 0.82% |
| 1961 | $1,684.85 | 0.56% |
| 1962 | $1,690.03 | 0.31% |
| 1963 | $1,706.51 | 0.98% |
| 1964 | $1,720.63 | 0.83% |
| 1965 | $1,760.19 | 2.30% |
| 1966 | $1,838.36 | 4.44% |
| 1967 | $1,900.04 | 3.36% |
| 1968 | $1,981.98 | 4.31% |
| 1969 | $2,102.53 | 6.08% |
| 1970 | $2,232.49 | 6.18% |
| 1971 | $2,313.96 | 3.65% |
| 1972 | $2,399.66 | 3.70% |
| 1973 | $2,555.99 | 6.51% |
| 1974 | $2,832.88 | 10.83% |
| 1975 | $3,043.84 | 7.45% |
| 1976 | $3,209.12 | 5.43% |
| 1977 | $3,429.49 | 6.87% |
| 1978 | $3,689.90 | 7.59% |
| 1979 | $4,158.90 | 12.71% |
| 1980 | $4,820.03 | 15.90% |
| 1981 | $5,267.38 | 9.28% |
| 1982 | $5,480.69 | 4.05% |
| 1983 | $5,637.03 | 2.85% |
| 1984 | $5,834.33 | 3.50% |
| 1985 | $6,037.29 | 3.48% |
| 1986 | $6,121.58 | 1.40% |
| 1987 | $6,307.11 | 3.03% |
| 1988 | $6,546.79 | 3.80% |
| 1989 | $6,894.31 | 5.31% |
| 1990 | $7,248.89 | 5.14% |
| 1991 | $7,513.53 | 3.65% |
| 1992 | $7,671.28 | 2.10% |
| 1993 | $7,878.47 | 2.70% |
| 1994 | $8,127.10 | 3.16% |
| 1995 | $8,383.73 | 3.16% |
| 1996 | $8,610.70 | 2.71% |
| 1997 | $8,823.54 | 2.47% |
| 1998 | $9,018.96 | 2.21% |
| 1999 | $9,253.94 | 2.61% |
| 2000 | $9,579.32 | 3.52% |
| 2001 | $9,851.03 | 2.84% |
| 2002 | $10,096.83 | 2.50% |
| 2003 | $10,310.62 | 2.12% |
| 2004 | $10,468.84 | 1.53% |
| 2005 | $10,767.85 | 2.86% |
| 2006 | $11,097.95 | 3.07% |
| 2007 | $11,299.79 | 1.82% |
| 2008 | $11,575.15 | 2.44% |
| 2009 | $11,485.12 | -0.78% |
| 2010 | $11,582.84 | 0.85% |
| 2011 | $11,949.23 | 3.16% |
| 2012 | $12,202.96 | 2.12% |
| 2013 | $12,398.37 | 1.60% |
| 2014 | $12,532.71 | 1.08% |
| 2015 | $12,367.52 | -1.32% |
| 2016 | $12,548.10 | 1.46% |
| 2017 | $12,803.24 | 2.03% |
| 2018 | $13,117.81 | 2.46% |
| 2019 | $13,291.44 | 1.32% |
| 2020 | $13,426.79 | 1.02%* |