According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,678.35% higher in 2025 versus 1942 (a $12,084,126.66 difference in value).
Between 1942 and 2025: Detroit experienced an average inflation rate of 3.53% per year. This rate of change indicates significant inflation. In other words, $720,000 in Detroit in the year 1942 would cost $12,804,126.66 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation in Detroit was lower.
In the year 1942: Pricing changed by 11.06%, which is significantly above the average yearly change in Detroit during the 1942-2025 time period. Compared to inflation for all items in 1942 (10.92%), inflation in Detroit was higher.
Below are calculations of equivalent buying power in Detroit, over time, for $720,000 beginning in 1942. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1942 | $720,000.00 | 11.06% |
| 1943 | $759,259.63 | 5.45% |
| 1944 | $769,344.67 | 1.33% |
| 1945 | $789,874.94 | 2.67% |
| 1946 | $858,669.33 | 8.71% |
| 1947 | $978,609.30 | 13.97% |
| 1948 | $1,057,488.74 | 8.06% |
| 1949 | $1,043,801.90 | -1.29% |
| 1950 | $1,061,090.55 | 1.66% |
| 1951 | $1,144,292.15 | 7.84% |
| 1952 | $1,173,106.55 | 2.52% |
| 1953 | $1,193,997.00 | 1.78% |
| 1954 | $1,198,319.16 | 0.36% |
| 1955 | $1,196,158.08 | -0.18% |
| 1956 | $1,218,489.24 | 1.87% |
| 1957 | $1,254,147.07 | 2.93% |
| 1958 | $1,271,435.72 | 1.38% |
| 1959 | $1,271,075.54 | -0.03% |
| 1960 | $1,281,520.76 | 0.82% |
| 1961 | $1,288,724.36 | 0.56% |
| 1962 | $1,292,686.34 | 0.31% |
| 1963 | $1,305,292.65 | 0.98% |
| 1964 | $1,316,098.05 | 0.83% |
| 1965 | $1,346,353.18 | 2.30% |
| 1966 | $1,406,143.07 | 4.44% |
| 1967 | $1,453,326.66 | 3.36% |
| 1968 | $1,515,998.00 | 4.31% |
| 1969 | $1,608,204.10 | 6.08% |
| 1970 | $1,707,613.81 | 6.18% |
| 1971 | $1,769,924.96 | 3.65% |
| 1972 | $1,835,477.74 | 3.70% |
| 1973 | $1,955,057.53 | 6.51% |
| 1974 | $2,166,843.42 | 10.83% |
| 1975 | $2,328,204.10 | 7.45% |
| 1976 | $2,454,627.31 | 5.43% |
| 1977 | $2,623,191.60 | 6.87% |
| 1978 | $2,822,371.19 | 7.59% |
| 1979 | $3,181,110.56 | 12.71% |
| 1980 | $3,686,803.40 | 15.90% |
| 1981 | $4,028,974.49 | 9.28% |
| 1982 | $4,192,136.07 | 4.05% |
| 1983 | $4,311,715.86 | 2.85% |
| 1984 | $4,462,631.32 | 3.50% |
| 1985 | $4,617,868.93 | 3.48% |
| 1986 | $4,682,341.17 | 1.40% |
| 1987 | $4,824,252.13 | 3.03% |
| 1988 | $5,007,583.79 | 3.80% |
| 1989 | $5,273,396.70 | 5.31% |
| 1990 | $5,544,612.31 | 5.14% |
| 1991 | $5,747,033.52 | 3.65% |
| 1992 | $5,867,693.85 | 2.10% |
| 1993 | $6,026,173.09 | 2.70% |
| 1994 | $6,216,348.17 | 3.16% |
| 1995 | $6,412,646.32 | 3.16% |
| 1996 | $6,586,253.13 | 2.71% |
| 1997 | $6,749,054.53 | 2.47% |
| 1998 | $6,898,529.26 | 2.21% |
| 1999 | $7,078,259.13 | 2.61% |
| 2000 | $7,327,143.57 | 3.52% |
| 2001 | $7,534,967.48 | 2.84% |
| 2002 | $7,722,981.49 | 2.50% |
| 2003 | $7,886,503.25 | 2.12% |
| 2004 | $8,007,523.76 | 1.53% |
| 2005 | $8,236,238.12 | 2.86% |
| 2006 | $8,488,724.36 | 3.07% |
| 2007 | $8,643,115.56 | 1.82% |
| 2008 | $8,853,730.87 | 2.44% |
| 2009 | $8,784,868.03 | -0.78% |
| 2010 | $8,859,616.21 | 0.85% |
| 2011 | $9,139,861.53 | 3.16% |
| 2012 | $9,333,944.57 | 2.12% |
| 2013 | $9,483,412.11 | 1.60% |
| 2014 | $9,586,164.28 | 1.08% |
| 2015 | $9,459,809.50 | -1.32% |
| 2016 | $9,597,938.57 | 1.46% |
| 2017 | $9,793,087.74 | 2.03% |
| 2018 | $10,033,698.85 | 2.46% |
| 2019 | $10,166,508.05 | 1.32% |
| 2020 | $10,270,034.62 | 1.02% |
| 2021 | $10,694,780.59 | 4.14% |
| 2022 | $11,572,546.67 | 8.21% |
| 2023 | $12,202,332.37 | 5.44% |
| 2024 | $12,609,551.98 | 3.34% |
| 2025 | $12,804,126.66 | 1.54%* |
* 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 | 2025 |
| 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 | 291.742 | 296.244 |