According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 900.43% higher in 2026 versus 1962 (a $252,119,988,854.83 difference in value).
Between 1962 and 2026:Detroit experienced an average inflation rate of 3.66% per year. This rate of change indicates significant inflation. In other words, $28,000,000,000 in Detroit in the year 1962 would cost $280,119,988,854.83 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.78% during this same period, inflation in Detroit was lower.
In the year 1962: Pricing changed by 0.31%, which is significantly below the average yearly change in Detroit during the 1962-2026 time period. Compared to inflation for all items in 1962 (1.20%), inflation in Detroit was lower.
Below are calculations of equivalent buying power in Detroit, over time, for $28,000,000,000 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1962 | $28,000,000,000.00 | 0.31% |
| 1963 | $28,273,056,561.72 | 0.98% |
| 1964 | $28,507,105,043.19 | 0.83% |
| 1965 | $29,162,440,791.31 | 2.30% |
| 1966 | $30,457,509,055.45 | 4.44% |
| 1967 | $31,479,520,757.87 | 3.36% |
| 1968 | $32,837,001,950.40 | 4.31% |
| 1969 | $34,834,215,658.96 | 6.08% |
| 1970 | $36,987,461,688.49 | 6.18% |
| 1971 | $38,337,141,264.98 | 3.65% |
| 1972 | $39,757,035,385.90 | 3.70% |
| 1973 | $42,347,171,914.18 | 6.51% |
| 1974 | $46,934,522,151.02 | 10.83% |
| 1975 | $50,429,646,140.99 | 7.45% |
| 1976 | $53,168,013,374.20 | 5.43% |
| 1977 | $56,819,169,685.15 | 6.87% |
| 1978 | $61,133,463,360.27 | 7.59% |
| 1979 | $68,903,872,945.11 | 12.71% |
| 1980 | $79,857,341,877.96 | 15.90% |
| 1981 | $87,268,877,124.55 | 9.28% |
| 1982 | $90,803,009,194.76 | 4.05% |
| 1983 | $93,393,145,723.04 | 2.85% |
| 1984 | $96,662,022,847.59 | 3.50% |
| 1985 | $100,024,519,364.73 | 3.48% |
| 1986 | $101,421,008,637.50 | 1.40% |
| 1987 | $104,494,845,360.82 | 3.03% |
| 1988 | $108,465,867,929.79 | 3.80% |
| 1989 | $114,223,460,573.98 | 5.31% |
| 1990 | $120,098,077,458.90 | 5.14% |
| 1991 | $124,482,585,678.46 | 3.65% |
| 1992 | $127,096,127,054.89 | 2.10% |
| 1993 | $130,528,838,116.47 | 2.70% |
| 1994 | $134,648,091,390.36 | 3.16% |
| 1995 | $138,899,972,137.09 | 3.16% |
| 1996 | $142,660,351,072.72 | 2.71% |
| 1997 | $146,186,681,526.89 | 2.47% |
| 1998 | $149,424,352,187.24 | 2.21% |
| 1999 | $153,317,358,595.71 | 2.61% |
| 2000 | $158,708,275,285.59 | 3.52% |
| 2001 | $163,209,807,745.89 | 2.84% |
| 2002 | $167,282,251,323.49 | 2.50% |
| 2003 | $170,824,185,009.75 | 2.12% |
| 2004 | $173,445,528,002.23 | 1.53% |
| 2005 | $178,399,554,193.37 | 2.86% |
| 2006 | $183,868,487,043.74 | 3.07% |
| 2007 | $187,212,649,763.17 | 1.82% |
| 2008 | $191,774,644,747.84 | 2.44% |
| 2009 | $190,283,053,775.42 | -0.78% |
| 2010 | $191,902,123,154.08 | 0.85% |
| 2011 | $197,972,326,553.36 | 3.16% |
| 2012 | $202,176,227,361.38 | 2.12% |
| 2013 | $205,413,741,989.41 | 1.60% |
| 2014 | $207,639,387,015.88 | 1.08% |
| 2015 | $204,902,502,089.72 | -1.32% |
| 2016 | $207,894,421,844.52 | 1.46% |
| 2017 | $212,121,415,436.05 | 2.03% |
| 2018 | $217,333,129,005.29 | 2.46% |
| 2019 | $220,209,818,891.06 | 1.32% |
| 2020 | $222,452,237,392.03 | 1.02% |
| 2021 | $231,652,371,134.02 | 4.14% |
| 2022 | $250,665,065,477.85 | 8.21% |
| 2023 | $264,306,425,188.07 | 5.44% |
| 2024 | $273,126,932,293.12 | 3.34% |
| 2025 | $278,260,707,718.03 | 1.88% |
| 2026 | $280,119,988,854.83 | 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 |