According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,221.51% higher in 2026 versus 1947 (a $586,323,974.97 difference in value).
Between 1947 and 2026:Detroit experienced an average inflation rate of 3.32% per year. This rate of change indicates significant inflation. In other words, $48,000,000 in Detroit in the year 1947 would cost $634,323,974.97 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation in Detroit was lower.
In the year 1947: Pricing changed by 13.97%, which is significantly above the average yearly change in Detroit during the 1947-2026 time period. Compared to inflation for all items in 1947 (14.39%), inflation in Detroit was lower.
Below are calculations of equivalent buying power in Detroit, over time, for $48,000,000 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1947 | $48,000,000.00 | 13.97% |
| 1948 | $51,868,973.13 | 8.06% |
| 1949 | $51,197,644.46 | -1.29% |
| 1950 | $52,045,638.57 | 1.66% |
| 1951 | $56,126,610.23 | 7.84% |
| 1952 | $57,539,933.75 | 2.52% |
| 1953 | $58,564,593.30 | 1.78% |
| 1954 | $58,776,591.83 | 0.36% |
| 1955 | $58,670,592.57 | -0.18% |
| 1956 | $59,765,918.29 | 1.87% |
| 1957 | $61,514,906.15 | 2.93% |
| 1958 | $62,362,900.26 | 1.38% |
| 1959 | $62,345,233.71 | -0.03% |
| 1960 | $62,857,563.49 | 0.82% |
| 1961 | $63,210,894.37 | 0.56% |
| 1962 | $63,405,226.35 | 0.31% |
| 1963 | $64,023,555.39 | 0.98% |
| 1964 | $64,553,551.71 | 0.83% |
| 1965 | $66,037,541.41 | 2.30% |
| 1966 | $68,970,187.71 | 4.44% |
| 1967 | $71,284,504.97 | 3.36% |
| 1968 | $74,358,483.62 | 4.31% |
| 1969 | $78,881,118.88 | 6.08% |
| 1970 | $83,757,085.02 | 6.18% |
| 1971 | $86,813,397.13 | 3.65% |
| 1972 | $90,028,708.13 | 3.70% |
| 1973 | $95,894,000.74 | 6.51% |
| 1974 | $106,281,928.60 | 10.83% |
| 1975 | $114,196,540.30 | 7.45% |
| 1976 | $120,397,497.24 | 5.43% |
| 1977 | $128,665,439.82 | 6.87% |
| 1978 | $138,435,038.65 | 7.59% |
| 1979 | $156,030,916.45 | 12.71% |
| 1980 | $180,834,744.20 | 15.90% |
| 1981 | $197,617,960.99 | 9.28% |
| 1982 | $205,620,905.41 | 4.05% |
| 1983 | $211,486,198.01 | 2.85% |
| 1984 | $218,888,479.94 | 3.50% |
| 1985 | $226,502,760.40 | 3.48% |
| 1986 | $229,665,071.77 | 1.40% |
| 1987 | $236,625,690.10 | 3.03% |
| 1988 | $245,617,960.99 | 3.80% |
| 1989 | $258,655,870.45 | 5.31% |
| 1990 | $271,958,778.06 | 5.14% |
| 1991 | $281,887,375.78 | 3.65% |
| 1992 | $287,805,668.02 | 2.10% |
| 1993 | $295,578,947.37 | 2.70% |
| 1994 | $304,906,882.59 | 3.16% |
| 1995 | $314,535,149.06 | 3.16% |
| 1996 | $323,050,423.26 | 2.71% |
| 1997 | $331,035,701.14 | 2.47% |
| 1998 | $338,367,316.89 | 2.21% |
| 1999 | $347,182,922.34 | 2.61% |
| 2000 | $359,390,504.23 | 3.52% |
| 2001 | $369,584,100.11 | 2.84% |
| 2002 | $378,806,036.07 | 2.50% |
| 2003 | $386,826,647.04 | 2.12% |
| 2004 | $392,762,605.82 | 1.53% |
| 2005 | $403,980,861.24 | 2.86% |
| 2006 | $416,365,108.58 | 3.07% |
| 2007 | $423,937,872.65 | 1.82% |
| 2008 | $434,268,384.25 | 2.44% |
| 2009 | $430,890,717.70 | -0.78% |
| 2010 | $434,557,055.58 | 0.85% |
| 2011 | $448,302,863.45 | 3.16% |
| 2012 | $457,822,480.68 | 2.12% |
| 2013 | $465,153,743.10 | 1.60% |
| 2014 | $470,193,654.77 | 1.08% |
| 2015 | $463,996,054.47 | -1.32% |
| 2016 | $470,771,174.09 | 1.46% |
| 2017 | $480,343,084.28 | 2.03% |
| 2018 | $492,144,865.66 | 2.46% |
| 2019 | $498,659,050.42 | 1.32% |
| 2020 | $503,736,945.16 | 1.02% |
| 2021 | $524,570,393.82 | 4.14% |
| 2022 | $567,624,114.83 | 8.21% |
| 2023 | $598,514,596.98 | 5.44% |
| 2024 | $618,488,391.61 | 3.34% |
| 2025 | $630,113,684.21 | 1.88% |
| 2026 | $634,323,974.97 | 0.67%* |
* 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 | 2026 |
| 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 | 297.226 | 299.212 |