According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,927.71% higher in 2024 versus 1940 (a $803,854,149,350.65 difference in value).
Between 1940 and 2024: Detroit experienced an average inflation rate of 3.65% per year. This rate of change indicates significant inflation. In other words, $41,700,000,000 in Detroit in the year 1940 would cost $845,554,149,350.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation in Detroit was lower.
In the year 1940: Pricing changed by 0.59%, which is significantly below the average yearly change in Detroit during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Detroit was lower.
Below are calculations of equivalent buying power in Detroit, over time, for $41,700,000,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $41,700,000,000.00 | 0.59% |
1941 | $44,309,327,036.60 | 6.26% |
1942 | $49,207,969,303.42 | 11.06% |
1943 | $51,891,145,218.42 | 5.45% |
1944 | $52,580,401,416.77 | 1.33% |
1945 | $53,983,530,106.26 | 2.67% |
1946 | $58,685,242,030.70 | 8.71% |
1947 | $66,882,467,532.47 | 13.97% |
1948 | $72,273,435,655.25 | 8.06% |
1949 | $71,338,016,528.93 | -1.29% |
1950 | $72,519,598,583.23 | 1.66% |
1951 | $78,205,962,219.60 | 7.84% |
1952 | $80,175,265,643.45 | 2.52% |
1953 | $81,603,010,625.74 | 1.78% |
1954 | $81,898,406,139.32 | 0.36% |
1955 | $81,750,708,382.53 | -0.18% |
1956 | $83,276,918,536.01 | 1.87% |
1957 | $85,713,931,523.02 | 2.93% |
1958 | $86,895,513,577.33 | 1.38% |
1959 | $86,870,897,284.53 | -0.03% |
1960 | $87,584,769,775.68 | 0.82% |
1961 | $88,077,095,631.64 | 0.56% |
1962 | $88,347,874,852.42 | 0.31% |
1963 | $89,209,445,100.35 | 0.98% |
1964 | $89,947,933,884.30 | 0.83% |
1965 | $92,015,702,479.34 | 2.30% |
1966 | $96,102,007,083.83 | 4.44% |
1967 | $99,326,741,440.38 | 3.36% |
1968 | $103,609,976,387.25 | 4.31% |
1969 | $109,911,747,343.57 | 6.08% |
1970 | $116,705,844,155.84 | 6.18% |
1971 | $120,964,462,809.92 | 3.65% |
1972 | $125,444,628,099.17 | 3.70% |
1973 | $133,617,237,308.15 | 6.51% |
1974 | $148,091,617,473.44 | 10.83% |
1975 | $159,119,716,646.99 | 7.45% |
1976 | $167,760,035,419.13 | 5.43% |
1977 | $179,280,460,448.64 | 6.87% |
1978 | $192,893,270,366.00 | 7.59% |
1979 | $217,411,097,992.92 | 12.71% |
1980 | $251,972,373,081.46 | 15.90% |
1981 | $275,357,851,239.67 | 9.28% |
1982 | $286,509,031,877.21 | 4.05% |
1983 | $294,681,641,086.19 | 2.85% |
1984 | $304,995,867,768.60 | 3.50% |
1985 | $315,605,489,964.58 | 3.48% |
1986 | $320,011,806,375.44 | 1.40% |
1987 | $329,710,625,737.90 | 3.03% |
1988 | $342,240,318,772.14 | 3.80% |
1989 | $360,407,142,857.14 | 5.31% |
1990 | $378,943,211,334.12 | 5.14% |
1991 | $392,777,567,886.66 | 3.65% |
1992 | $401,024,025,974.03 | 2.10% |
1993 | $411,855,194,805.19 | 2.70% |
1994 | $424,852,597,402.60 | 3.16% |
1995 | $438,268,476,977.57 | 3.16% |
1996 | $450,133,530,106.26 | 2.71% |
1997 | $461,260,094,451.00 | 2.47% |
1998 | $471,475,855,962.22 | 2.21% |
1999 | $483,759,386,068.48 | 2.61% |
2000 | $500,769,244,391.97 | 3.52% |
2001 | $514,972,845,336.48 | 2.84% |
2002 | $527,822,550,177.10 | 2.50% |
2003 | $538,998,347,107.44 | 2.12% |
2004 | $547,269,421,487.60 | 1.53% |
2005 | $562,900,767,414.40 | 2.86% |
2006 | $580,156,788,665.88 | 3.07% |
2007 | $590,708,562,573.79 | 1.82% |
2008 | $605,102,939,787.49 | 2.44% |
2009 | $600,396,550,767.41 | -0.78% |
2010 | $605,505,170,011.81 | 0.85% |
2011 | $624,658,368,949.23 | 3.16% |
2012 | $637,922,858,323.49 | 2.12% |
2013 | $648,138,127,508.85 | 1.60% |
2014 | $655,160,663,518.30 | 1.08% |
2015 | $646,525,021,841.79 | -1.32% |
2016 | $655,965,370,129.87 | 1.46% |
2017 | $669,302,723,730.81 | 2.03% |
2018 | $685,747,145,808.74 | 2.46% |
2019 | $694,823,911,452.18 | 1.32% |
2020 | $701,899,372,491.15 | 1.02% |
2021 | $730,928,381,936.25 | 4.14% |
2022 | $790,918,779,811.10 | 8.21% |
2023 | $833,961,106,257.38 | 5.44% |
2024 | $845,554,149,350.65 | 1.39%* |
* 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 | 286.245 |