According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,528.89% higher in 2024 versus 1922 (a $8,256.02 difference in value).
Between 1922 and 2024: Detroit experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, $540 in Detroit in the year 1922 would cost $8,796.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation in Detroit was lower.
In the year 1922: Pricing changed by -10.63%, which is significantly below the average yearly change in Detroit during the 1922-2024 time period. Compared to inflation for all items in 1922 (-6.16%), inflation in Detroit was much lower.
Below are calculations of equivalent buying power in Detroit, over time, for $540 beginning in 1922. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1922 | $540.00 | -10.63% |
1923 | $556.00 | 2.96% |
1924 | $558.83 | 0.51% |
1925 | $562.19 | 0.60% |
1926 | $571.73 | 1.70% |
1927 | $562.19 | -1.67% |
1928 | $542.58 | -3.49% |
1929 | $542.06 | -0.10% |
1930 | $533.03 | -1.67% |
1931 | $470.08 | -11.81% |
1932 | $410.22 | -12.73% |
1933 | $368.94 | -10.06% |
1934 | $389.84 | 5.66% |
1935 | $410.74 | 5.36% |
1936 | $428.03 | 4.21% |
1937 | $452.28 | 5.67% |
1938 | $449.96 | -0.51% |
1939 | $434.48 | -3.44% |
1940 | $437.06 | 0.59% |
1941 | $464.41 | 6.26% |
1942 | $515.75 | 11.06% |
1943 | $543.87 | 5.45% |
1944 | $551.09 | 1.33% |
1945 | $565.80 | 2.67% |
1946 | $615.08 | 8.71% |
1947 | $700.99 | 13.97% |
1948 | $757.50 | 8.06% |
1949 | $747.69 | -1.29% |
1950 | $760.08 | 1.66% |
1951 | $819.68 | 7.84% |
1952 | $840.32 | 2.52% |
1953 | $855.28 | 1.78% |
1954 | $858.38 | 0.36% |
1955 | $856.83 | -0.18% |
1956 | $872.82 | 1.87% |
1957 | $898.37 | 2.93% |
1958 | $910.75 | 1.38% |
1959 | $910.49 | -0.03% |
1960 | $917.97 | 0.82% |
1961 | $923.13 | 0.56% |
1962 | $925.97 | 0.31% |
1963 | $935.00 | 0.98% |
1964 | $942.74 | 0.83% |
1965 | $964.41 | 2.30% |
1966 | $1,007.24 | 4.44% |
1967 | $1,041.04 | 3.36% |
1968 | $1,085.93 | 4.31% |
1969 | $1,151.98 | 6.08% |
1970 | $1,223.19 | 6.18% |
1971 | $1,267.83 | 3.65% |
1972 | $1,314.78 | 3.70% |
1973 | $1,400.44 | 6.51% |
1974 | $1,552.15 | 10.83% |
1975 | $1,667.73 | 7.45% |
1976 | $1,758.29 | 5.43% |
1977 | $1,879.03 | 6.87% |
1978 | $2,021.71 | 7.59% |
1979 | $2,278.68 | 12.71% |
1980 | $2,640.92 | 15.90% |
1981 | $2,886.02 | 9.28% |
1982 | $3,002.90 | 4.05% |
1983 | $3,088.55 | 2.85% |
1984 | $3,196.66 | 3.50% |
1985 | $3,307.85 | 3.48% |
1986 | $3,354.04 | 1.40% |
1987 | $3,455.69 | 3.03% |
1988 | $3,587.01 | 3.80% |
1989 | $3,777.42 | 5.31% |
1990 | $3,971.70 | 5.14% |
1991 | $4,116.69 | 3.65% |
1992 | $4,203.12 | 2.10% |
1993 | $4,316.65 | 2.70% |
1994 | $4,452.87 | 3.16% |
1995 | $4,593.48 | 3.16% |
1996 | $4,717.84 | 2.71% |
1997 | $4,834.46 | 2.47% |
1998 | $4,941.53 | 2.21% |
1999 | $5,070.27 | 2.61% |
2000 | $5,248.55 | 3.52% |
2001 | $5,397.42 | 2.84% |
2002 | $5,532.10 | 2.50% |
2003 | $5,649.23 | 2.12% |
2004 | $5,735.92 | 1.53% |
2005 | $5,899.75 | 2.86% |
2006 | $6,080.61 | 3.07% |
2007 | $6,191.20 | 1.82% |
2008 | $6,342.07 | 2.44% |
2009 | $6,292.74 | -0.78% |
2010 | $6,346.29 | 0.85% |
2011 | $6,547.03 | 3.16% |
2012 | $6,686.06 | 2.12% |
2013 | $6,793.12 | 1.60% |
2014 | $6,866.73 | 1.08% |
2015 | $6,776.22 | -1.32% |
2016 | $6,875.16 | 1.46% |
2017 | $7,014.95 | 2.03% |
2018 | $7,187.30 | 2.46% |
2019 | $7,282.44 | 1.32% |
2020 | $7,356.59 | 1.02% |
2021 | $7,660.85 | 4.14% |
2022 | $8,289.60 | 8.21% |
2023 | $8,740.73 | 5.44% |
2024 | $8,796.02 | 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 |