According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,855.98% higher in 2024 versus 1918 (a $3,433,561,790,017.21 difference in value).
Between 1918 and 2024: Detroit experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, $185,000,000,000 in Detroit in the year 1918 would cost $3,618,561,790,017.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation in Detroit was lower.
In the year 1918: Pricing changed by 21.89%, which is significantly above the average yearly change in Detroit during the 1918-2024 time period. Compared to inflation for all items in 1918 (17.34%), inflation in Detroit was much higher.
Below are calculations of equivalent buying power in Detroit, over time, for $185,000,000,000 beginning in 1918. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1918 | $185,000,000,000.00 | 21.89% |
1919 | $224,695,926,563.40 | 21.46% |
1920 | $273,944,348,823.87 | 21.92% |
1921 | $248,577,165,806.08 | -9.26% |
1922 | $222,148,594,377.51 | -10.63% |
1923 | $228,729,202,524.38 | 2.96% |
1924 | $229,896,729,776.25 | 0.51% |
1925 | $231,276,534,710.27 | 0.60% |
1926 | $235,203,671,830.18 | 1.70% |
1927 | $231,276,534,710.27 | -1.67% |
1928 | $223,209,982,788.30 | -3.49% |
1929 | $222,997,705,106.14 | -0.10% |
1930 | $219,282,845,668.39 | -1.67% |
1931 | $193,384,968,445.21 | -11.81% |
1932 | $168,760,757,314.97 | -12.73% |
1933 | $151,778,542,742.40 | -10.06% |
1934 | $160,375,788,869.76 | 5.66% |
1935 | $168,973,034,997.13 | 5.36% |
1936 | $176,084,337,349.40 | 4.21% |
1937 | $186,061,388,410.79 | 5.67% |
1938 | $185,106,138,841.08 | -0.51% |
1939 | $178,737,808,376.36 | -3.44% |
1940 | $179,799,196,787.15 | 0.59% |
1941 | $191,049,913,941.48 | 6.26% |
1942 | $212,171,543,316.12 | 11.06% |
1943 | $223,740,676,993.69 | 5.45% |
1944 | $226,712,564,543.89 | 1.33% |
1945 | $232,762,478,485.37 | 2.67% |
1946 | $253,034,997,131.38 | 8.71% |
1947 | $288,379,231,210.56 | 13.97% |
1948 | $311,623,637,406.77 | 8.06% |
1949 | $307,590,361,445.78 | -1.29% |
1950 | $312,685,025,817.56 | 1.66% |
1951 | $337,203,098,106.71 | 7.84% |
1952 | $345,694,205,393.00 | 2.52% |
1953 | $351,850,258,175.56 | 1.78% |
1954 | $353,123,924,268.50 | 0.36% |
1955 | $352,487,091,222.03 | -0.18% |
1956 | $359,067,699,368.90 | 1.87% |
1957 | $369,575,444,635.69 | 2.93% |
1958 | $374,670,109,007.46 | 1.38% |
1959 | $374,563,970,166.38 | -0.03% |
1960 | $377,641,996,557.66 | 0.82% |
1961 | $379,764,773,379.23 | 0.56% |
1962 | $380,932,300,631.10 | 0.31% |
1963 | $384,647,160,068.85 | 0.98% |
1964 | $387,831,325,301.20 | 0.83% |
1965 | $396,746,987,951.81 | 2.30% |
1966 | $414,366,035,570.85 | 4.44% |
1967 | $428,270,223,752.15 | 3.36% |
1968 | $446,738,382,099.83 | 4.31% |
1969 | $473,909,925,415.95 | 6.08% |
1970 | $503,204,245,553.64 | 6.18% |
1971 | $521,566,265,060.24 | 3.65% |
1972 | $540,883,534,136.55 | 3.70% |
1973 | $576,121,629,374.64 | 6.51% |
1974 | $638,531,267,928.86 | 10.83% |
1975 | $686,081,468,732.07 | 7.45% |
1976 | $723,336,201,950.66 | 5.43% |
1977 | $773,009,179,575.44 | 6.87% |
1978 | $831,703,958,691.91 | 7.59% |
1979 | $937,418,244,406.20 | 12.71% |
1980 | $1,086,437,177,280.55 | 15.90% |
1981 | $1,187,269,076,305.22 | 9.28% |
1982 | $1,235,349,971,313.83 | 4.05% |
1983 | $1,270,588,066,551.92 | 2.85% |
1984 | $1,315,060,240,963.86 | 3.50% |
1985 | $1,360,806,081,468.73 | 3.48% |
1986 | $1,379,804,934,021.80 | 1.40% |
1987 | $1,421,623,637,406.77 | 3.03% |
1988 | $1,475,648,307,515.78 | 3.80% |
1989 | $1,553,978,772,231.78 | 5.31% |
1990 | $1,633,901,319,563.97 | 5.14% |
1991 | $1,693,551,348,250.14 | 3.65% |
1992 | $1,729,107,860,011.48 | 2.10% |
1993 | $1,775,808,950,086.06 | 2.70% |
1994 | $1,831,850,258,175.56 | 3.16% |
1995 | $1,889,695,926,563.40 | 3.16% |
1996 | $1,940,854,847,963.28 | 2.71% |
1997 | $1,988,829,604,130.81 | 2.47% |
1998 | $2,032,877,223,178.43 | 2.21% |
1999 | $2,085,840,504,876.65 | 2.61% |
2000 | $2,159,182,444,061.96 | 3.52% |
2001 | $2,220,424,555,364.31 | 2.84% |
2002 | $2,275,829,030,407.34 | 2.50% |
2003 | $2,324,016,064,257.03 | 2.12% |
2004 | $2,359,678,714,859.44 | 1.53% |
2005 | $2,427,076,878,944.35 | 2.86% |
2006 | $2,501,480,206,540.45 | 3.07% |
2007 | $2,546,976,620,768.79 | 1.82% |
2008 | $2,609,041,308,089.50 | 2.44% |
2009 | $2,588,748,623,063.68 | -0.78% |
2010 | $2,610,775,616,752.73 | 0.85% |
2011 | $2,693,359,064,830.75 | 3.16% |
2012 | $2,750,551,979,345.96 | 2.12% |
2013 | $2,794,597,475,616.75 | 1.60% |
2014 | $2,824,876,764,199.66 | 1.08% |
2015 | $2,787,642,197,360.87 | -1.32% |
2016 | $2,828,346,442,914.51 | 1.46% |
2017 | $2,885,853,528,399.31 | 2.03% |
2018 | $2,956,757,458,405.05 | 2.46% |
2019 | $2,995,894,033,275.96 | 1.32% |
2020 | $3,026,401,520,367.18 | 1.02% |
2021 | $3,151,566,810,097.53 | 4.14% |
2022 | $3,410,229,288,582.90 | 8.21% |
2023 | $3,595,816,236,374.07 | 5.44% |
2024 | $3,618,561,790,017.21 | 0.63%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
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 | 215.956 | 219.414 | 221.791 | 218.868 | 222.063 | 226.578 | 232.145 | 235.218 | 237.613 | 247.441 | 267.749 | 282.320 | 284.106 |