According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 970.44% higher in 2025 versus 1955 (a $281,426,924.12 difference in value).
Between 1955 and 2025: Detroit experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, $29,000,000 in Detroit in the year 1955 would cost $310,426,924.12 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.61% during this same period, inflation in Detroit was lower.
In the year 1955: Pricing changed by -0.18%, which is significantly below the average yearly change in Detroit during the 1955-2025 time period. Compared to inflation for all items in 1955 (-0.29%), inflation in Detroit was higher.
Below are calculations of equivalent buying power in Detroit, over time, for $29,000,000 beginning in 1955. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1955 | $29,000,000.00 | -0.18% |
| 1956 | $29,541,403.19 | 1.87% |
| 1957 | $30,405,901.84 | 2.93% |
| 1958 | $30,825,052.69 | 1.38% |
| 1959 | $30,816,320.39 | -0.03% |
| 1960 | $31,069,557.36 | 0.82% |
| 1961 | $31,244,203.55 | 0.56% |
| 1962 | $31,340,258.96 | 0.31% |
| 1963 | $31,645,889.79 | 0.98% |
| 1964 | $31,907,859.08 | 0.83% |
| 1965 | $32,641,373.08 | 2.30% |
| 1966 | $34,090,936.46 | 4.44% |
| 1967 | $35,234,869.02 | 3.36% |
| 1968 | $36,754,290.88 | 4.31% |
| 1969 | $38,989,762.12 | 6.08% |
| 1970 | $41,399,879.55 | 6.18% |
| 1971 | $42,910,569.11 | 3.65% |
| 1972 | $44,499,849.44 | 3.70% |
| 1973 | $47,398,976.21 | 6.51% |
| 1974 | $52,533,574.22 | 10.83% |
| 1975 | $56,445,648.90 | 7.45% |
| 1976 | $59,510,689.55 | 5.43% |
| 1977 | $63,597,410.42 | 6.87% |
| 1978 | $68,426,377.60 | 7.59% |
| 1979 | $77,123,757.90 | 12.71% |
| 1980 | $89,383,920.51 | 15.90% |
| 1981 | $97,679,614.57 | 9.28% |
| 1982 | $101,635,350.80 | 4.05% |
| 1983 | $104,534,477.57 | 2.85% |
| 1984 | $108,193,315.27 | 3.50% |
| 1985 | $111,956,940.68 | 3.48% |
| 1986 | $113,520,024.09 | 1.40% |
| 1987 | $116,960,554.05 | 3.03% |
| 1988 | $121,405,299.61 | 3.80% |
| 1989 | $127,849,744.05 | 5.31% |
| 1990 | $134,425,173.14 | 5.14% |
| 1991 | $139,332,731.11 | 3.65% |
| 1992 | $142,258,054.80 | 2.10% |
| 1993 | $146,100,271.00 | 2.70% |
| 1994 | $150,710,930.44 | 3.16% |
| 1995 | $155,470,039.14 | 3.16% |
| 1996 | $159,679,012.35 | 2.71% |
| 1997 | $163,626,016.26 | 2.47% |
| 1998 | $167,249,924.72 | 2.21% |
| 1999 | $171,607,347.18 | 2.61% |
| 2000 | $177,641,373.08 | 3.52% |
| 2001 | $182,679,915.69 | 2.84% |
| 2002 | $187,238,181.27 | 2.50% |
| 2003 | $191,202,649.80 | 2.12% |
| 2004 | $194,136,705.81 | 1.53% |
| 2005 | $199,681,722.37 | 2.86% |
| 2006 | $205,803,071.36 | 3.07% |
| 2007 | $209,546,175.85 | 1.82% |
| 2008 | $214,652,393.86 | 2.44% |
| 2009 | $212,982,863.60 | -0.78% |
| 2010 | $214,795,079.80 | 0.85% |
| 2011 | $221,589,427.88 | 3.16% |
| 2012 | $226,294,832.88 | 2.12% |
| 2013 | $229,918,566.70 | 1.60% |
| 2014 | $232,409,719.96 | 1.08% |
| 2015 | $229,346,338.45 | -1.32% |
| 2016 | $232,695,179.16 | 1.46% |
| 2017 | $237,426,431.80 | 2.03% |
| 2018 | $243,259,876.54 | 2.46% |
| 2019 | $246,479,741.04 | 1.32% |
| 2020 | $248,989,668.77 | 1.02% |
| 2021 | $259,287,332.13 | 4.14% |
| 2022 | $280,568,145.14 | 8.21% |
| 2023 | $295,836,850.35 | 5.44% |
| 2024 | $305,709,599.52 | 3.34% |
| 2025 | $310,426,924.12 | 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 |