According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 1,213.89% higher in 2020 versus 1967 (a $8,618,627.23 difference in value).
Between 1967 and 2020: Other goods and services experienced an average inflation rate of 4.98% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $710,000 in the year 1967 would cost $9,328,627.23 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for other goods and services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other goods and services:
| Year | 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 |
| CPI | 35.067 | 36.892 | 38.717 | 40.967 | 42.908 | 44.700 | 46.450 | 49.783 | 53.942 | 57.033 | 60.383 | 64.333 | 69.025 | 75.308 | 82.733 | 91.233 | 101.200 | 108.033 | 114.667 | 121.592 | 128.458 | 137.017 | 147.683 | 158.983 | 171.600 | 183.242 | 192.883 | 198.508 | 206.858 | 215.392 | 224.808 | 237.742 | 258.242 | 271.092 | 282.633 | 293.242 | 298.742 | 304.733 | 313.342 | 321.733 | 333.323 | 345.374 | 368.583 | 381.289 | 387.230 | 394.405 | 401.002 | 408.097 | 414.898 | 423.073 | 432.583 | 442.310 | 451.280 | 460.738 |
Below are calculations of equivalent buying power for Other goods and services, over time, for $710000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1967 | $710,000.00 | - |
| 1968 | $746,951.05 | 5.20% |
| 1969 | $783,902.09 | 4.95% |
| 1970 | $829,458.17 | 5.81% |
| 1971 | $868,771.39 | 4.74% |
| 1972 | $905,047.53 | 4.18% |
| 1973 | $940,480.04 | 3.91% |
| 1974 | $1,007,970.53 | 7.18% |
| 1975 | $1,092,164.92 | 8.35% |
| 1976 | $1,154,762.36 | 5.73% |
| 1977 | $1,222,590.30 | 5.87% |
| 1978 | $1,302,566.54 | 6.54% |
| 1979 | $1,397,559.41 | 7.29% |
| 1980 | $1,524,778.99 | 9.10% |
| 1981 | $1,675,114.07 | 9.86% |
| 1982 | $1,847,214.83 | 10.27% |
| 1983 | $2,049,011.41 | 10.92% |
| 1984 | $2,187,366.92 | 6.75% |
| 1985 | $2,321,673.00 | 6.14% |
| 1986 | $2,461,884.51 | 6.04% |
| 1987 | $2,600,914.92 | 5.65% |
| 1988 | $2,774,196.77 | 6.66% |
| 1989 | $2,990,166.35 | 7.78% |
| 1990 | $3,218,959.13 | 7.65% |
| 1991 | $3,474,410.65 | 7.94% |
| 1992 | $3,710,121.20 | 6.78% |
| 1993 | $3,905,337.45 | 5.26% |
| 1994 | $4,019,227.66 | 2.92% |
| 1995 | $4,188,291.35 | 4.21% |
| 1996 | $4,361,067.02 | 4.13% |
| 1997 | $4,551,727.66 | 4.37% |
| 1998 | $4,813,590.78 | 5.75% |
| 1999 | $5,228,657.32 | 8.62% |
| 2000 | $5,488,833.17 | 4.98% |
| 2001 | $5,722,519.01 | 4.26% |
| 2002 | $5,937,307.51 | 3.75% |
| 2003 | $6,048,666.83 | 1.88% |
| 2004 | $6,169,980.99 | 2.01% |
| 2005 | $6,344,275.19 | 2.82% |
| 2006 | $6,514,182.51 | 2.68% |
| 2007 | $6,748,846.96 | 3.60% |
| 2008 | $6,992,847.03 | 3.62% |
| 2009 | $7,462,751.28 | 6.72% |
| 2010 | $7,720,023.36 | 3.45% |
| 2011 | $7,840,303.23 | 1.56% |
| 2012 | $7,985,569.77 | 1.85% |
| 2013 | $8,119,140.21 | 1.67% |
| 2014 | $8,262,803.85 | 1.77% |
| 2015 | $8,400,508.08 | 1.67% |
| 2016 | $8,566,018.39 | 1.97% |
| 2017 | $8,758,570.46 | 2.25% |
| 2018 | $8,955,521.22 | 2.25% |
| 2019 | $9,137,128.02 | 2.03% |
| 2020 | $9,328,627.23 | 2.10%* |