According to the U.S. Bureau of Labor Statistics, prices for other goods and services were 1,237.28% higher in 2021 versus 1967 (a $9,155,892.68 difference in value).
Between 1967 and 2021: Other goods and services experienced an average inflation rate of 4.92% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $740,000 in the year 1967 would cost $9,895,892.68 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.89% 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 | 2021 |
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 | 432.584 | 442.314 | 451.283 | 462.402 | 468.940 |
Below are calculations of equivalent buying power for Other goods and services, over time, for $740000 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 | $740,000.00 | - |
1968 | $778,512.36 | 5.20% |
1969 | $817,024.71 | 4.95% |
1970 | $864,505.70 | 5.81% |
1971 | $905,480.04 | 4.74% |
1972 | $943,288.97 | 4.18% |
1973 | $980,218.63 | 3.91% |
1974 | $1,050,560.84 | 7.18% |
1975 | $1,138,312.74 | 8.35% |
1976 | $1,203,555.13 | 5.73% |
1977 | $1,274,249.05 | 5.87% |
1978 | $1,357,604.56 | 6.54% |
1979 | $1,456,611.22 | 7.29% |
1980 | $1,589,206.27 | 9.10% |
1981 | $1,745,893.54 | 9.86% |
1982 | $1,925,266.16 | 10.27% |
1983 | $2,135,589.35 | 10.92% |
1984 | $2,279,790.87 | 6.75% |
1985 | $2,419,771.86 | 6.14% |
1986 | $2,565,907.79 | 6.04% |
1987 | $2,710,812.74 | 5.65% |
1988 | $2,891,416.35 | 6.66% |
1989 | $3,116,511.41 | 7.78% |
1990 | $3,354,971.48 | 7.65% |
1991 | $3,621,216.73 | 7.94% |
1992 | $3,866,886.88 | 6.78% |
1993 | $4,070,351.71 | 5.26% |
1994 | $4,189,054.18 | 2.92% |
1995 | $4,365,261.41 | 4.21% |
1996 | $4,545,337.45 | 4.13% |
1997 | $4,744,054.18 | 4.37% |
1998 | $5,016,981.94 | 5.75% |
1999 | $5,449,586.50 | 8.62% |
2000 | $5,720,755.70 | 4.98% |
2001 | $5,964,315.59 | 4.26% |
2002 | $6,188,179.66 | 3.75% |
2003 | $6,304,244.30 | 1.88% |
2004 | $6,430,684.41 | 2.01% |
2005 | $6,612,343.16 | 2.82% |
2006 | $6,789,429.66 | 2.68% |
2007 | $7,034,009.51 | 3.60% |
2008 | $7,288,319.44 | 3.62% |
2009 | $7,778,078.80 | 6.72% |
2010 | $8,046,221.53 | 3.45% |
2011 | $8,171,583.65 | 1.56% |
2012 | $8,322,988.21 | 1.85% |
2013 | $8,462,202.47 | 1.67% |
2014 | $8,611,936.41 | 1.77% |
2015 | $8,755,459.13 | 1.67% |
2016 | $8,927,959.32 | 1.97% |
2017 | $9,128,675.52 | 2.25% |
2018 | $9,333,992.11 | 2.25% |
2019 | $9,523,272.43 | 2.03% |
2020 | $9,757,914.69 | 2.46% |
2021 | $9,895,892.68 | 1.41%* |