According to the U.S. Bureau of Labor Statistics, prices in New York are 2,149.58% higher in 2024 versus 1938 (a $21,495,803,876.85 difference in value).
Between 1938 and 2024: New York experienced an average inflation rate of 3.69% per year. This rate of change indicates significant inflation. In other words, $1,000,000,000 in New York in the year 1938 would cost $22,495,803,876.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation in New York was higher.
In the year 1938: Pricing changed by -1.68%, which is significantly below the average yearly change in New York during the 1938-2024 time period. Compared to inflation for all items in 1938 (-2.03%), inflation in New York was higher.
Below are calculations of equivalent buying power in New York, over time, for $1,000,000,000 beginning in 1938. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1938 | $1,000,000,000.00 | -1.68% |
1939 | $995,438,996.58 | -0.46% |
1940 | $1,005,701,254.28 | 1.03% |
1941 | $1,043,329,532.50 | 3.74% |
1942 | $1,143,671,607.75 | 9.62% |
1943 | $1,229,190,421.89 | 7.48% |
1944 | $1,258,836,944.13 | 2.41% |
1945 | $1,287,913,340.94 | 2.31% |
1946 | $1,415,051,311.29 | 9.87% |
1947 | $1,584,948,688.71 | 12.01% |
1948 | $1,692,702,394.53 | 6.80% |
1949 | $1,673,888,255.42 | -1.11% |
1950 | $1,683,580,387.69 | 0.58% |
1951 | $1,809,007,981.76 | 7.45% |
1952 | $1,840,364,880.27 | 1.73% |
1953 | $1,850,057,012.54 | 0.53% |
1954 | $1,861,459,521.09 | 0.62% |
1955 | $1,852,907,639.68 | -0.46% |
1956 | $1,880,273,660.21 | 1.48% |
1957 | $1,940,136,830.10 | 3.18% |
1958 | $1,998,289,623.72 | 3.00% |
1959 | $2,028,506,271.38 | 1.51% |
1960 | $2,065,564,424.17 | 1.83% |
1961 | $2,083,808,437.86 | 0.88% |
1962 | $2,115,735,461.80 | 1.53% |
1963 | $2,161,915,621.44 | 2.18% |
1964 | $2,195,553,021.66 | 1.56% |
1965 | $2,230,900,798.18 | 1.61% |
1966 | $2,306,157,354.62 | 3.37% |
1967 | $2,366,020,524.52 | 2.60% |
1968 | $2,468,072,976.05 | 4.31% |
1969 | $2,620,866,590.65 | 6.19% |
1970 | $2,815,279,361.46 | 7.42% |
1971 | $2,978,335,233.75 | 5.79% |
1972 | $3,109,464,082.10 | 4.40% |
1973 | $3,307,297,605.47 | 6.36% |
1974 | $3,663,055,872.29 | 10.76% |
1975 | $3,941,277,080.96 | 7.60% |
1976 | $4,172,748,004.56 | 5.87% |
1977 | $4,389,965,792.47 | 5.21% |
1978 | $4,641,961,231.47 | 5.74% |
1979 | $5,043,899,657.92 | 8.66% |
1980 | $5,613,454,960.09 | 11.29% |
1981 | $6,165,906,499.43 | 9.84% |
1982 | $6,522,234,891.68 | 5.78% |
1983 | $6,830,102,622.58 | 4.72% |
1984 | $7,172,177,879.13 | 5.01% |
1985 | $7,437,286,202.96 | 3.70% |
1986 | $7,681,299,885.97 | 3.28% |
1987 | $8,069,555,302.17 | 5.05% |
1988 | $8,461,801,596.35 | 4.86% |
1989 | $8,932,155,074.12 | 5.56% |
1990 | $9,478,335,233.75 | 6.11% |
1991 | $9,906,499,429.87 | 4.52% |
1992 | $10,263,968,072.98 | 3.61% |
1993 | $10,570,695,553.02 | 2.99% |
1994 | $10,822,120,866.59 | 2.38% |
1995 | $11,094,070,695.55 | 2.51% |
1996 | $11,420,182,440.14 | 2.94% |
1997 | $11,686,431,014.82 | 2.33% |
1998 | $11,877,423,033.07 | 1.63% |
1999 | $12,108,323,831.24 | 1.94% |
2000 | $12,484,606,613.45 | 3.11% |
2001 | $12,802,736,602.05 | 2.55% |
2002 | $13,128,848,346.64 | 2.55% |
2003 | $13,531,927,023.95 | 3.07% |
2004 | $14,009,122,006.84 | 3.53% |
2005 | $14,552,451,539.34 | 3.88% |
2006 | $15,102,052,451.54 | 3.78% |
2007 | $15,526,117,445.84 | 2.81% |
2008 | $16,131,066,134.55 | 3.90% |
2009 | $16,202,366,020.52 | 0.44% |
2010 | $16,478,734,321.55 | 1.71% |
2011 | $16,947,611,174.46 | 2.85% |
2012 | $17,280,843,785.63 | 1.97% |
2013 | $17,571,248,574.69 | 1.68% |
2014 | $17,803,620,296.47 | 1.32% |
2015 | $17,826,100,342.08 | 0.13% |
2016 | $18,018,124,287.34 | 1.08% |
2017 | $18,370,838,084.38 | 1.96% |
2018 | $18,721,128,848.35 | 1.91% |
2019 | $19,030,615,735.46 | 1.65% |
2020 | $19,355,957,810.72 | 1.71% |
2021 | $19,997,896,237.17 | 3.32% |
2022 | $21,218,335,233.75 | 6.10% |
2023 | $22,029,503,990.88 | 3.82% |
2024 | $22,495,803,876.85 | 2.12%* |
* 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 | 328.814 |