According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,510.43% higher in 2024 versus 1919 (a $11,781,323.38 difference in value).
Between 1919 and 2024: Detroit experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $780,000 in Detroit in the year 1919 would cost $12,561,323.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation in Detroit was lower.
In the year 1919: Pricing changed by 21.46%, which is significantly above the average yearly change in Detroit during the 1919-2024 time period. Compared to inflation for all items in 1919 (15.18%), inflation in Detroit was much higher.
Below are calculations of equivalent buying power in Detroit, over time, for $780,000 beginning in 1919. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1919 | $780,000.00 | 21.46% |
1920 | $950,958.90 | 21.92% |
1921 | $862,900.33 | -9.26% |
1922 | $771,157.30 | -10.63% |
1923 | $794,000.94 | 2.96% |
1924 | $798,053.85 | 0.51% |
1925 | $802,843.65 | 0.60% |
1926 | $816,476.15 | 1.70% |
1927 | $802,843.65 | -1.67% |
1928 | $774,841.76 | -3.49% |
1929 | $774,104.87 | -0.10% |
1930 | $761,209.26 | -1.67% |
1931 | $671,308.46 | -11.81% |
1932 | $585,829.00 | -12.73% |
1933 | $526,877.66 | -10.06% |
1934 | $556,721.78 | 5.66% |
1935 | $586,565.90 | 5.36% |
1936 | $611,251.77 | 4.21% |
1937 | $645,885.69 | 5.67% |
1938 | $642,569.67 | -0.51% |
1939 | $620,462.92 | -3.44% |
1940 | $624,147.38 | 0.59% |
1941 | $663,202.65 | 6.26% |
1942 | $736,523.38 | 11.06% |
1943 | $776,683.99 | 5.45% |
1944 | $787,000.47 | 1.33% |
1945 | $808,001.89 | 2.67% |
1946 | $878,375.06 | 8.71% |
1947 | $1,001,067.55 | 13.97% |
1948 | $1,081,757.20 | 8.06% |
1949 | $1,067,756.26 | -1.29% |
1950 | $1,085,441.66 | 1.66% |
1951 | $1,170,552.67 | 7.84% |
1952 | $1,200,028.34 | 2.52% |
1953 | $1,221,398.21 | 1.78% |
1954 | $1,225,819.56 | 0.36% |
1955 | $1,223,608.88 | -0.18% |
1956 | $1,246,452.53 | 1.87% |
1957 | $1,282,928.67 | 2.93% |
1958 | $1,300,614.08 | 1.38% |
1959 | $1,300,245.63 | -0.03% |
1960 | $1,310,930.56 | 0.82% |
1961 | $1,318,299.48 | 0.56% |
1962 | $1,322,352.39 | 0.31% |
1963 | $1,335,247.99 | 0.98% |
1964 | $1,346,301.37 | 0.83% |
1965 | $1,377,250.83 | 2.30% |
1966 | $1,438,412.85 | 4.44% |
1967 | $1,486,679.26 | 3.36% |
1968 | $1,550,788.85 | 4.31% |
1969 | $1,645,111.01 | 6.08% |
1970 | $1,746,802.08 | 6.18% |
1971 | $1,810,543.22 | 3.65% |
1972 | $1,877,600.38 | 3.70% |
1973 | $1,999,924.42 | 6.51% |
1974 | $2,216,570.62 | 10.83% |
1975 | $2,381,634.39 | 7.45% |
1976 | $2,510,958.90 | 5.43% |
1977 | $2,683,391.59 | 6.87% |
1978 | $2,887,142.18 | 7.59% |
1979 | $3,254,114.31 | 12.71% |
1980 | $3,771,412.38 | 15.90% |
1981 | $4,121,435.99 | 9.28% |
1982 | $4,288,341.99 | 4.05% |
1983 | $4,410,666.04 | 2.85% |
1984 | $4,565,044.87 | 3.50% |
1985 | $4,723,845.06 | 3.48% |
1986 | $4,789,796.88 | 1.40% |
1987 | $4,934,964.57 | 3.03% |
1988 | $5,122,503.54 | 3.80% |
1989 | $5,394,416.63 | 5.31% |
1990 | $5,671,856.40 | 5.14% |
1991 | $5,878,923.00 | 3.65% |
1992 | $6,002,352.39 | 2.10% |
1993 | $6,164,468.59 | 2.70% |
1994 | $6,359,008.03 | 3.16% |
1995 | $6,559,811.05 | 3.16% |
1996 | $6,737,401.98 | 2.71% |
1997 | $6,903,939.54 | 2.47% |
1998 | $7,056,844.59 | 2.21% |
1999 | $7,240,699.10 | 2.61% |
2000 | $7,495,295.23 | 3.52% |
2001 | $7,707,888.52 | 2.84% |
2002 | $7,900,217.29 | 2.50% |
2003 | $8,067,491.73 | 2.12% |
2004 | $8,191,289.56 | 1.53% |
2005 | $8,425,252.72 | 2.86% |
2006 | $8,683,533.30 | 3.07% |
2007 | $8,841,467.64 | 1.82% |
2008 | $9,056,916.39 | 2.44% |
2009 | $8,986,473.22 | -0.78% |
2010 | $9,062,936.80 | 0.85% |
2011 | $9,349,613.51 | 3.16% |
2012 | $9,548,150.59 | 2.12% |
2013 | $9,701,048.28 | 1.60% |
2014 | $9,806,158.53 | 1.08% |
2015 | $9,676,904.02 | -1.32% |
2016 | $9,818,203.02 | 1.46% |
2017 | $10,017,830.70 | 2.03% |
2018 | $10,263,963.63 | 2.46% |
2019 | $10,399,820.69 | 1.32% |
2020 | $10,505,723.10 | 1.02% |
2021 | $10,940,216.63 | 4.14% |
2022 | $11,838,126.69 | 8.21% |
2023 | $12,482,365.42 | 5.44% |
2024 | $12,561,323.38 | 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 |