According to the U.S. Bureau of Labor Statistics, prices in New York are 2,236.70% higher in 2024 versus 1918 (a $7,604,771.53 difference in value).
Between 1918 and 2024: New York experienced an average inflation rate of 3.02% per year. This rate of change indicates significant inflation. In other words, $340,000 in New York in the year 1918 would cost $7,944,771.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation in New York was higher.
In the year 1918: Pricing changed by 22.09%, which is significantly above the average yearly change in New York during the 1918-2024 time period. Compared to inflation for all items in 1918 (17.34%), inflation in New York was much higher.
Below are calculations of equivalent buying power in New York, over time, for $340,000 beginning in 1918. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1918 | $340,000.00 | 22.09% |
1919 | $415,219.45 | 22.12% |
1920 | $486,809.02 | 17.24% |
1921 | $445,468.56 | -8.49% |
1922 | $418,244.37 | -6.11% |
1923 | $422,479.24 | 1.01% |
1924 | $423,285.88 | 0.19% |
1925 | $429,940.69 | 1.57% |
1926 | $442,040.33 | 2.81% |
1927 | $436,797.15 | -1.19% |
1928 | $432,562.28 | -0.97% |
1929 | $430,948.99 | -0.37% |
1930 | $425,302.49 | -1.31% |
1931 | $396,061.68 | -6.88% |
1932 | $361,779.36 | -8.66% |
1933 | $337,176.75 | -6.80% |
1934 | $343,428.23 | 1.85% |
1935 | $347,864.77 | 1.29% |
1936 | $352,099.64 | 1.22% |
1937 | $359,762.75 | 2.18% |
1938 | $353,712.93 | -1.68% |
1939 | $352,099.64 | -0.46% |
1940 | $355,729.54 | 1.03% |
1941 | $369,039.15 | 3.74% |
1942 | $404,531.44 | 9.62% |
1943 | $434,780.55 | 7.48% |
1944 | $445,266.90 | 2.41% |
1945 | $455,551.60 | 2.31% |
1946 | $500,521.95 | 9.87% |
1947 | $560,616.84 | 12.01% |
1948 | $598,730.72 | 6.80% |
1949 | $592,075.92 | -1.11% |
1950 | $595,504.15 | 0.58% |
1951 | $639,869.51 | 7.45% |
1952 | $650,960.85 | 1.73% |
1953 | $654,389.09 | 0.53% |
1954 | $658,422.30 | 0.62% |
1955 | $655,397.39 | -0.46% |
1956 | $665,077.11 | 1.48% |
1957 | $686,251.48 | 3.18% |
1958 | $706,820.88 | 3.00% |
1959 | $717,508.90 | 1.51% |
1960 | $730,616.84 | 1.83% |
1961 | $737,069.99 | 0.88% |
1962 | $748,362.99 | 1.53% |
1963 | $764,697.51 | 2.18% |
1964 | $776,595.49 | 1.56% |
1965 | $789,098.46 | 1.61% |
1966 | $815,717.67 | 3.37% |
1967 | $836,892.05 | 2.60% |
1968 | $872,989.32 | 4.31% |
1969 | $927,034.40 | 6.19% |
1970 | $995,800.71 | 7.42% |
1971 | $1,053,475.68 | 5.79% |
1972 | $1,099,857.65 | 4.40% |
1973 | $1,169,833.93 | 6.36% |
1974 | $1,295,670.23 | 10.76% |
1975 | $1,394,080.66 | 7.60% |
1976 | $1,475,954.92 | 5.87% |
1977 | $1,552,787.66 | 5.21% |
1978 | $1,641,921.71 | 5.74% |
1979 | $1,784,092.53 | 8.66% |
1980 | $1,985,551.60 | 11.29% |
1981 | $2,180,960.85 | 9.84% |
1982 | $2,306,998.81 | 5.78% |
1983 | $2,415,895.61 | 4.72% |
1984 | $2,536,892.05 | 5.01% |
1985 | $2,630,664.29 | 3.70% |
1986 | $2,716,975.09 | 3.28% |
1987 | $2,854,306.05 | 5.05% |
1988 | $2,993,048.64 | 4.86% |
1989 | $3,159,418.74 | 5.56% |
1990 | $3,352,609.73 | 6.11% |
1991 | $3,504,056.94 | 4.52% |
1992 | $3,630,498.22 | 3.61% |
1993 | $3,738,991.70 | 2.99% |
1994 | $3,827,924.08 | 2.38% |
1995 | $3,924,116.25 | 2.51% |
1996 | $4,039,466.19 | 2.94% |
1997 | $4,133,641.76 | 2.33% |
1998 | $4,201,198.10 | 1.63% |
1999 | $4,282,870.70 | 1.94% |
2000 | $4,415,966.79 | 3.11% |
2001 | $4,528,493.48 | 2.55% |
2002 | $4,643,843.42 | 2.55% |
2003 | $4,786,417.56 | 3.07% |
2004 | $4,955,207.59 | 3.53% |
2005 | $5,147,390.27 | 3.88% |
2006 | $5,341,791.22 | 3.78% |
2007 | $5,491,788.49 | 2.81% |
2008 | $5,705,766.67 | 3.90% |
2009 | $5,730,986.36 | 0.44% |
2010 | $5,828,741.40 | 1.71% |
2011 | $5,994,589.21 | 2.85% |
2012 | $6,112,457.89 | 1.97% |
2013 | $6,215,177.82 | 1.68% |
2014 | $6,297,370.70 | 1.32% |
2015 | $6,305,322.18 | 0.13% |
2016 | $6,373,243.53 | 1.08% |
2017 | $6,498,002.97 | 1.96% |
2018 | $6,621,905.34 | 1.91% |
2019 | $6,731,374.85 | 1.65% |
2020 | $6,846,452.55 | 1.71% |
2021 | $7,073,514.47 | 3.32% |
2022 | $7,505,199.53 | 6.10% |
2023 | $7,792,120.40 | 3.82% |
2024 | $7,944,771.53 | 1.96%* |
* 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 New York:
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 | 9.900 | 9.917 | 10.200 | 11.508 | 14.050 | 17.158 | 20.117 | 18.408 | 17.283 | 17.458 | 17.492 | 17.767 | 18.267 | 18.050 | 17.875 | 17.808 | 17.575 | 16.367 | 14.950 | 13.933 | 14.192 | 14.375 | 14.550 | 14.867 | 14.617 | 14.550 | 14.700 | 15.250 | 16.717 | 17.967 | 18.400 | 18.825 | 20.683 | 23.167 | 24.742 | 24.467 | 24.608 | 26.442 | 26.900 | 27.042 | 27.208 | 27.083 | 27.483 | 28.358 | 29.208 | 29.650 | 30.192 | 30.458 | 30.925 | 31.600 | 32.092 | 32.608 | 33.708 | 34.583 | 36.075 | 38.308 | 41.150 | 43.533 | 45.450 | 48.342 | 53.542 | 57.608 | 60.992 | 64.167 | 67.850 | 73.725 | 82.050 | 90.125 | 95.333 | 99.833 | 104.833 | 108.708 | 112.275 | 117.950 | 123.683 | 130.558 | 138.542 | 144.800 | 150.025 | 154.508 | 158.183 | 162.158 | 166.925 | 170.817 | 173.608 | 176.983 | 182.483 | 187.133 | 191.900 | 197.792 | 204.767 | 212.708 | 220.742 | 226.940 | 235.782 | 236.825 | 240.864 | 247.718 | 252.588 | 256.833 | 260.230 | 260.558 | 263.365 | 268.520 | 273.641 | 278.164 | 282.920 | 292.303 | 310.141 | 321.998 | 328.306 |