According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan were 1,255.83% higher in 2020 versus 1922 (a $1,092,569.11 difference in value).
Between 1922 and 2020: Detroit experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, $87,000 in Detroit in the year 1922 would cost $1,179,569.11 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.83% 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 1922-2020 time period. Compared to inflation for all items in 1922 (-6.16%), inflation in Detroit was much 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 | 236.479 |
Below are calculations of equivalent buying power in Detroit, over time, for $87000 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 | $87,000.00 | -10.63% |
| 1923 | $89,577.16 | 2.96% |
| 1924 | $90,034.40 | 0.51% |
| 1925 | $90,574.77 | 0.60% |
| 1926 | $92,112.76 | 1.70% |
| 1927 | $90,574.77 | -1.67% |
| 1928 | $87,415.67 | -3.49% |
| 1929 | $87,332.54 | -0.10% |
| 1930 | $85,877.69 | -1.67% |
| 1931 | $75,735.31 | -11.81% |
| 1932 | $66,091.73 | -12.73% |
| 1933 | $59,440.99 | -10.06% |
| 1934 | $62,807.93 | 5.66% |
| 1935 | $66,174.87 | 5.36% |
| 1936 | $68,959.87 | 4.21% |
| 1937 | $72,867.18 | 5.67% |
| 1938 | $72,493.07 | -0.51% |
| 1939 | $69,999.04 | -3.44% |
| 1940 | $70,414.72 | 0.59% |
| 1941 | $74,820.83 | 6.26% |
| 1942 | $83,092.69 | 11.06% |
| 1943 | $87,623.51 | 5.45% |
| 1944 | $88,787.39 | 1.33% |
| 1945 | $91,156.71 | 2.67% |
| 1946 | $99,096.03 | 8.71% |
| 1947 | $112,937.89 | 13.97% |
| 1948 | $122,041.09 | 8.06% |
| 1949 | $120,461.54 | -1.29% |
| 1950 | $122,456.76 | 1.66% |
| 1951 | $132,058.77 | 7.84% |
| 1952 | $135,384.14 | 2.52% |
| 1953 | $137,795.03 | 1.78% |
| 1954 | $138,293.84 | 0.36% |
| 1955 | $138,044.43 | -0.18% |
| 1956 | $140,621.60 | 1.87% |
| 1957 | $144,736.74 | 2.93% |
| 1958 | $146,731.96 | 1.38% |
| 1959 | $146,690.40 | -0.03% |
| 1960 | $147,895.84 | 0.82% |
| 1961 | $148,727.19 | 0.56% |
| 1962 | $149,184.42 | 0.31% |
| 1963 | $150,639.27 | 0.98% |
| 1964 | $151,886.29 | 0.83% |
| 1965 | $155,377.93 | 2.30% |
| 1966 | $162,278.07 | 4.44% |
| 1967 | $167,723.36 | 3.36% |
| 1968 | $174,956.04 | 4.31% |
| 1969 | $185,597.23 | 6.08% |
| 1970 | $197,069.76 | 6.18% |
| 1971 | $204,260.87 | 3.65% |
| 1972 | $211,826.09 | 3.70% |
| 1973 | $225,626.37 | 6.51% |
| 1974 | $250,067.85 | 10.83% |
| 1975 | $268,689.92 | 7.45% |
| 1976 | $283,279.98 | 5.43% |
| 1977 | $302,733.40 | 6.87% |
| 1978 | $325,720.02 | 7.59% |
| 1979 | $367,120.88 | 12.71% |
| 1980 | $425,481.13 | 15.90% |
| 1981 | $464,969.90 | 9.28% |
| 1982 | $483,799.81 | 4.05% |
| 1983 | $497,600.10 | 2.85% |
| 1984 | $515,016.72 | 3.50% |
| 1985 | $532,932.15 | 3.48% |
| 1986 | $540,372.67 | 1.40% |
| 1987 | $556,750.12 | 3.03% |
| 1988 | $577,907.79 | 3.80% |
| 1989 | $608,584.33 | 5.31% |
| 1990 | $639,884.38 | 5.14% |
| 1991 | $663,245.10 | 3.65% |
| 1992 | $677,170.09 | 2.10% |
| 1993 | $695,459.63 | 2.70% |
| 1994 | $717,407.07 | 3.16% |
| 1995 | $740,061.16 | 3.16% |
| 1996 | $760,096.51 | 2.71% |
| 1997 | $778,884.85 | 2.47% |
| 1998 | $796,135.21 | 2.21% |
| 1999 | $816,877.21 | 2.61% |
| 2000 | $845,600.10 | 3.52% |
| 2001 | $869,584.33 | 2.84% |
| 2002 | $891,282.37 | 2.50% |
| 2003 | $910,153.85 | 2.12% |
| 2004 | $924,120.40 | 1.53% |
| 2005 | $950,515.53 | 2.86% |
| 2006 | $979,654.09 | 3.07% |
| 2007 | $997,471.83 | 1.82% |
| 2008 | $1,021,778.21 | 2.44% |
| 2009 | $1,013,830.99 | -0.78% |
| 2010 | $1,022,457.42 | 0.85% |
| 2011 | $1,054,799.56 | 3.16% |
| 2012 | $1,077,198.00 | 2.12% |
| 2013 | $1,094,447.53 | 1.60% |
| 2014 | $1,106,305.80 | 1.08% |
| 2015 | $1,091,723.64 | -1.32% |
| 2016 | $1,107,664.63 | 1.46% |
| 2017 | $1,130,186.12 | 2.03% |
| 2018 | $1,157,954.20 | 2.46% |
| 2019 | $1,173,281.25 | 1.32% |
| 2020 | $1,179,569.11 | 0.54%* |