According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 1,217.12% higher in 2020 versus 1967 (a $4,503,331.55 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 $370,000 in the year 1967 would cost $4,873,331.55 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.94% 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 | 461.869 |
Below are calculations of equivalent buying power for Other goods and services, over time, for $370000 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 | $370,000.00 | - |
| 1968 | $389,256.18 | 5.20% |
| 1969 | $408,512.36 | 4.95% |
| 1970 | $432,252.85 | 5.81% |
| 1971 | $452,740.02 | 4.74% |
| 1972 | $471,644.49 | 4.18% |
| 1973 | $490,109.32 | 3.91% |
| 1974 | $525,280.42 | 7.18% |
| 1975 | $569,156.37 | 8.35% |
| 1976 | $601,777.57 | 5.73% |
| 1977 | $637,124.52 | 5.87% |
| 1978 | $678,802.28 | 6.54% |
| 1979 | $728,305.61 | 7.29% |
| 1980 | $794,603.14 | 9.10% |
| 1981 | $872,946.77 | 9.86% |
| 1982 | $962,633.08 | 10.27% |
| 1983 | $1,067,794.68 | 10.92% |
| 1984 | $1,139,895.44 | 6.75% |
| 1985 | $1,209,885.93 | 6.14% |
| 1986 | $1,282,953.90 | 6.04% |
| 1987 | $1,355,406.37 | 5.65% |
| 1988 | $1,445,708.17 | 6.66% |
| 1989 | $1,558,255.70 | 7.78% |
| 1990 | $1,677,485.74 | 7.65% |
| 1991 | $1,810,608.37 | 7.94% |
| 1992 | $1,933,443.44 | 6.78% |
| 1993 | $2,035,175.86 | 5.26% |
| 1994 | $2,094,527.09 | 2.92% |
| 1995 | $2,182,630.70 | 4.21% |
| 1996 | $2,272,668.73 | 4.13% |
| 1997 | $2,372,027.09 | 4.37% |
| 1998 | $2,508,490.97 | 5.75% |
| 1999 | $2,724,793.25 | 8.62% |
| 2000 | $2,860,377.85 | 4.98% |
| 2001 | $2,982,157.79 | 4.26% |
| 2002 | $3,094,089.83 | 3.75% |
| 2003 | $3,152,122.15 | 1.88% |
| 2004 | $3,215,342.21 | 2.01% |
| 2005 | $3,306,171.58 | 2.82% |
| 2006 | $3,394,714.83 | 2.68% |
| 2007 | $3,517,004.75 | 3.60% |
| 2008 | $3,644,159.72 | 3.62% |
| 2009 | $3,889,039.40 | 6.72% |
| 2010 | $4,023,110.77 | 3.45% |
| 2011 | $4,085,791.83 | 1.56% |
| 2012 | $4,161,494.11 | 1.85% |
| 2013 | $4,231,101.24 | 1.67% |
| 2014 | $4,305,968.20 | 1.77% |
| 2015 | $4,377,729.56 | 1.67% |
| 2016 | $4,463,981.42 | 1.97% |
| 2017 | $4,564,325.45 | 2.25% |
| 2018 | $4,666,961.76 | 2.25% |
| 2019 | $4,761,601.92 | 2.03% |
| 2020 | $4,873,331.55 | 2.35%* |