According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,220.91% higher in 2024 versus 1920 (a $2,258,685,858,194.50 difference in value).
Between 1920 and 2024: Detroit experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, $185,000,000,000 in Detroit in the year 1920 would cost $2,443,685,858,194.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.67% during this same period, inflation in Detroit was lower.
In the year 1920: Pricing changed by 21.92%, which is significantly above the average yearly change in Detroit during the 1920-2024 time period. Compared to inflation for all items in 1920 (15.62%), inflation in Detroit was much higher.
Below are calculations of equivalent buying power in Detroit, over time, for $185,000,000,000 beginning in 1920. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1920 | $185,000,000,000.00 | 21.92% |
1921 | $167,869,043,006.59 | -9.26% |
1922 | $150,021,309,569.93 | -10.63% |
1923 | $154,465,323,518.02 | 2.96% |
1924 | $155,253,777,605.58 | 0.51% |
1925 | $156,185,586,981.79 | 0.60% |
1926 | $158,837,659,821.77 | 1.70% |
1927 | $156,185,586,981.79 | -1.67% |
1928 | $150,738,086,013.17 | -3.49% |
1929 | $150,594,730,724.53 | -0.10% |
1930 | $148,086,013,173.19 | -1.67% |
1931 | $130,596,667,958.16 | -11.81% |
1932 | $113,967,454,475.01 | -12.73% |
1933 | $102,499,031,383.18 | -10.06% |
1934 | $108,304,920,573.42 | 5.66% |
1935 | $114,110,809,763.66 | 5.36% |
1936 | $118,913,211,933.36 | 4.21% |
1937 | $125,650,910,499.81 | 5.67% |
1938 | $125,005,811,700.89 | -0.51% |
1939 | $120,705,153,041.46 | -3.44% |
1940 | $121,421,929,484.70 | 0.59% |
1941 | $129,019,759,783.03 | 6.26% |
1942 | $143,283,611,003.49 | 11.06% |
1943 | $151,096,474,234.79 | 5.45% |
1944 | $153,103,448,275.86 | 1.33% |
1945 | $157,189,074,002.32 | 2.67% |
1946 | $170,879,504,068.19 | 8.71% |
1947 | $194,748,159,628.05 | 13.97% |
1948 | $210,445,563,734.99 | 8.06% |
1949 | $207,721,813,250.68 | -1.29% |
1950 | $211,162,340,178.23 | 1.66% |
1951 | $227,719,876,017.05 | 7.84% |
1952 | $233,454,087,562.96 | 2.52% |
1953 | $237,611,390,933.75 | 1.78% |
1954 | $238,471,522,665.63 | 0.36% |
1955 | $238,041,456,799.69 | -0.18% |
1956 | $242,485,470,747.77 | 1.87% |
1957 | $249,581,557,535.84 | 2.93% |
1958 | $253,022,084,463.39 | 1.38% |
1959 | $252,950,406,819.06 | -0.03% |
1960 | $255,029,058,504.46 | 0.82% |
1961 | $256,462,611,390.93 | 0.56% |
1962 | $257,251,065,478.50 | 0.31% |
1963 | $259,759,783,029.83 | 0.98% |
1964 | $261,910,112,359.55 | 0.83% |
1965 | $267,931,034,482.76 | 2.30% |
1966 | $279,829,523,440.53 | 4.44% |
1967 | $289,219,294,846.96 | 3.36% |
1968 | $301,691,204,959.32 | 4.31% |
1969 | $320,040,681,906.24 | 6.08% |
1970 | $339,823,711,739.64 | 6.18% |
1971 | $352,223,944,207.67 | 3.65% |
1972 | $365,269,275,474.62 | 3.70% |
1973 | $389,066,253,390.16 | 6.51% |
1974 | $431,212,708,252.62 | 10.83% |
1975 | $463,324,292,909.73 | 7.45% |
1976 | $488,483,146,067.42 | 5.43% |
1977 | $522,028,283,611.00 | 6.87% |
1978 | $561,666,020,922.12 | 7.59% |
1979 | $633,056,954,668.73 | 12.71% |
1980 | $733,692,367,299.50 | 15.90% |
1981 | $801,786,129,407.21 | 9.28% |
1982 | $834,256,102,285.94 | 4.05% |
1983 | $858,053,080,201.47 | 2.85% |
1984 | $888,086,013,173.19 | 3.50% |
1985 | $918,979,077,876.79 | 3.48% |
1986 | $931,809,376,210.77 | 1.40% |
1987 | $960,050,368,074.39 | 3.03% |
1988 | $996,534,289,035.26 | 3.80% |
1989 | $1,049,432,390,546.30 | 5.31% |
1990 | $1,103,405,656,722.20 | 5.14% |
1991 | $1,143,688,492,832.24 | 3.65% |
1992 | $1,167,700,503,680.74 | 2.10% |
1993 | $1,199,238,667,183.26 | 2.70% |
1994 | $1,237,084,463,386.29 | 3.16% |
1995 | $1,276,148,779,542.81 | 3.16% |
1996 | $1,310,697,404,106.94 | 2.71% |
1997 | $1,343,095,699,341.34 | 2.47% |
1998 | $1,372,841,921,735.76 | 2.21% |
1999 | $1,408,609,066,253.39 | 2.61% |
2000 | $1,458,138,318,481.21 | 3.52% |
2001 | $1,499,496,319,256.10 | 2.84% |
2002 | $1,536,912,049,593.18 | 2.50% |
2003 | $1,569,453,700,116.23 | 2.12% |
2004 | $1,593,537,388,609.07 | 1.53% |
2005 | $1,639,052,692,754.75 | 2.86% |
2006 | $1,689,298,721,425.80 | 3.07% |
2007 | $1,720,023,343,665.25 | 1.82% |
2008 | $1,761,936,846,183.65 | 2.44% |
2009 | $1,748,232,797,365.36 | -0.78% |
2010 | $1,763,108,058,891.90 | 0.85% |
2011 | $1,818,878,283,611.00 | 3.16% |
2012 | $1,857,501,782,254.94 | 2.12% |
2013 | $1,887,246,571,096.47 | 1.60% |
2014 | $1,907,694,769,469.20 | 1.08% |
2015 | $1,882,549,535,063.93 | -1.32% |
2016 | $1,910,037,911,662.15 | 1.46% |
2017 | $1,948,873,576,133.28 | 2.03% |
2018 | $1,996,756,392,870.98 | 2.46% |
2019 | $2,023,186,090,662.53 | 1.32% |
2020 | $2,043,788,395,970.55 | 1.02% |
2021 | $2,128,314,974,815.96 | 4.14% |
2022 | $2,302,994,827,586.21 | 8.21% |
2023 | $2,428,325,339,015.89 | 5.44% |
2024 | $2,443,685,858,194.50 | 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 |