According to the U.S. Bureau of Labor Statistics, prices in New York are 1,236.19% higher in 2024 versus 1950 (a $4,215,402,045,377.58 difference in value).
Between 1950 and 2024: New York experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, $341,000,000,000 in New York in the year 1950 would cost $4,556,402,045,377.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation in New York was higher.
In the year 1950: Pricing changed by 0.58%, which is below the average yearly change in New York during the 1950-2024 time period. Compared to inflation for all items in 1950 (1.10%), inflation in New York was lower.
Below are calculations of equivalent buying power in New York, over time, for $341,000,000,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1950 | $341,000,000,000.00 | 0.58% |
1951 | $366,404,673,213.68 | 7.45% |
1952 | $372,755,841,517.10 | 1.73% |
1953 | $374,718,929,901.79 | 0.53% |
1954 | $377,028,445,648.49 | 0.62% |
1955 | $375,296,308,838.47 | -0.46% |
1956 | $380,839,146,630.55 | 1.48% |
1957 | $392,964,104,300.71 | 3.18% |
1958 | $404,742,634,608.87 | 3.00% |
1959 | $410,862,851,337.62 | 1.51% |
1960 | $418,368,777,514.39 | 1.83% |
1961 | $422,064,002,709.11 | 0.88% |
1962 | $428,530,646,799.86 | 1.53% |
1963 | $437,884,185,573.99 | 2.18% |
1964 | $444,697,257,026.75 | 1.56% |
1965 | $451,856,755,841.52 | 1.61% |
1966 | $467,099,559,769.73 | 3.37% |
1967 | $479,224,517,439.89 | 2.60% |
1968 | $499,894,683,372.84 | 4.31% |
1969 | $530,842,194,378.60 | 6.19% |
1970 | $570,219,437,859.80 | 7.42% |
1971 | $603,245,513,037.59 | 5.79% |
1972 | $629,804,944,124.62 | 4.40% |
1973 | $669,875,042,329.83 | 6.36% |
1974 | $741,931,933,626.82 | 10.76% |
1975 | $798,284,117,846.26 | 7.60% |
1976 | $845,167,287,504.23 | 5.87% |
1977 | $889,163,562,478.84 | 5.21% |
1978 | $940,203,860,480.87 | 5.74% |
1979 | $1,021,614,290,551.98 | 8.66% |
1980 | $1,136,974,602,099.56 | 11.29% |
1981 | $1,248,870,640,027.09 | 9.84% |
1982 | $1,321,043,007,111.41 | 5.78% |
1983 | $1,383,399,932,272.27 | 4.72% |
1984 | $1,452,685,404,673.21 | 5.01% |
1985 | $1,506,381,645,783.95 | 3.70% |
1986 | $1,555,805,282,763.29 | 3.28% |
1987 | $1,634,444,293,938.37 | 5.05% |
1988 | $1,713,891,635,624.79 | 4.86% |
1989 | $1,809,159,160,176.09 | 5.56% |
1990 | $1,919,784,964,442.94 | 6.11% |
1991 | $2,006,507,280,731.46 | 4.52% |
1992 | $2,078,910,599,390.45 | 3.61% |
1993 | $2,141,036,572,976.63 | 2.99% |
1994 | $2,191,961,395,191.33 | 2.38% |
1995 | $2,247,043,345,750.08 | 2.51% |
1996 | $2,313,095,496,105.66 | 2.94% |
1997 | $2,367,022,688,791.06 | 2.33% |
1998 | $2,405,707,077,548.26 | 1.63% |
1999 | $2,452,474,771,418.90 | 1.94% |
2000 | $2,528,688,791,059.94 | 3.11% |
2001 | $2,593,124,280,392.82 | 2.55% |
2002 | $2,659,176,430,748.39 | 2.55% |
2003 | $2,740,817,812,394.18 | 3.07% |
2004 | $2,837,471,046,393.50 | 3.53% |
2005 | $2,947,519,471,723.67 | 3.88% |
2006 | $3,058,838,130,714.53 | 3.78% |
2007 | $3,144,730,176,092.11 | 2.81% |
2008 | $3,267,259,224,517.44 | 3.90% |
2009 | $3,281,700,626,481.54 | 0.44% |
2010 | $3,337,677,514,392.14 | 1.71% |
2011 | $3,432,645,956,654.25 | 2.85% |
2012 | $3,500,140,399,593.63 | 1.97% |
2013 | $3,558,960,301,388.42 | 1.68% |
2014 | $3,606,025,922,790.38 | 1.32% |
2015 | $3,610,579,133,085.00 | 0.13% |
2016 | $3,649,472,533,017.27 | 1.08% |
2017 | $3,720,912,783,609.89 | 1.96% |
2018 | $3,791,862,262,106.33 | 1.91% |
2019 | $3,854,547,138,503.22 | 1.65% |
2020 | $3,920,443,396,545.89 | 1.71% |
2021 | $4,050,464,514,053.50 | 3.32% |
2022 | $4,297,657,758,211.99 | 6.10% |
2023 | $4,461,955,553,674.23 | 3.82% |
2024 | $4,556,402,045,377.58 | 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 |