According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,474.68% higher in 2024 versus 1967 (a $12,977,169.66 difference in value).
Between 1967 and 2024: Other goods and services experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $880,000 in the year 1967 would cost $13,857,169.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $880,000 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 | $880,000.00 | - |
1968 | $925,960.06 | 5.22% |
1969 | $971,533.90 | 4.92% |
1970 | $1,027,921.88 | 5.80% |
1971 | $1,076,585.47 | 4.73% |
1972 | $1,122,352.42 | 4.25% |
1973 | $1,165,802.06 | 3.87% |
1974 | $1,249,804.70 | 7.21% |
1975 | $1,353,697.61 | 8.31% |
1976 | $1,431,713.85 | 5.76% |
1977 | $1,515,716.48 | 5.87% |
1978 | $1,612,657.45 | 6.40% |
1979 | $1,730,647.36 | 7.32% |
1980 | $1,887,259.16 | 9.05% |
1981 | $2,074,575.38 | 9.93% |
1982 | $2,287,768.27 | 10.28% |
1983 | $2,536,686.42 | 10.88% |
1984 | $2,707,202.11 | 6.72% |
1985 | $2,873,855.61 | 6.16% |
1986 | $3,047,847.27 | 6.05% |
1987 | $3,225,314.90 | 5.82% |
1988 | $3,440,245.78 | 6.66% |
1989 | $3,707,316.22 | 7.76% |
1990 | $3,990,800.97 | 7.65% |
1991 | $4,307,886.77 | 7.95% |
1992 | $4,600,640.77 | 6.80% |
1993 | $4,842,606.98 | 5.26% |
1994 | $4,983,770.02 | 2.92% |
1995 | $5,192,907.61 | 4.20% |
1996 | $5,407,645.38 | 4.14% |
1997 | $5,643,625.19 | 4.36% |
1998 | $5,968,242.26 | 5.75% |
1999 | $6,483,651.53 | 8.64% |
2000 | $6,804,985.74 | 4.96% |
2001 | $7,095,229.32 | 4.27% |
2002 | $7,361,527.32 | 3.75% |
2003 | $7,499,214.40 | 1.87% |
2004 | $7,650,032.92 | 2.01% |
2005 | $7,866,508.67 | 2.83% |
2006 | $8,076,225.59 | 2.67% |
2007 | $8,367,952.25 | 3.61% |
2008 | $8,670,533.60 | 3.62% |
2009 | $9,253,061.93 | 6.72% |
2010 | $9,572,028.62 | 3.45% |
2011 | $9,720,972.04 | 1.56% |
2012 | $9,900,979.07 | 1.85% |
2013 | $10,066,840.82 | 1.68% |
2014 | $10,244,966.95 | 1.77% |
2015 | $10,415,685.41 | 1.67% |
2016 | $10,620,916.39 | 1.97% |
2017 | $10,859,692.43 | 2.25% |
2018 | $11,103,943.12 | 2.25% |
2019 | $11,329,114.59 | 2.03% |
2020 | $11,608,250.52 | 2.46% |
2021 | $11,970,427.39 | 3.12% |
2022 | $12,712,711.35 | 6.20% |
2023 | $13,487,596.05 | 6.10% |
2024 | $13,857,169.66 | 2.74%* |
* 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 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 | 2022 | 2023 | 2024 |
CPI | 35.054 | 36.885 | 38.700 | 40.946 | 42.885 | 44.708 | 46.438 | 49.785 | 53.923 | 57.031 | 60.377 | 64.238 | 68.938 | 75.177 | 82.638 | 91.131 | 101.046 | 107.838 | 114.477 | 121.408 | 128.477 | 137.038 | 147.677 | 158.969 | 171.600 | 183.262 | 192.900 | 198.523 | 206.854 | 215.408 | 224.808 | 237.738 | 258.269 | 271.069 | 282.631 | 293.238 | 298.723 | 304.731 | 313.354 | 321.708 | 333.328 | 345.381 | 368.586 | 381.291 | 387.224 | 394.395 | 401.002 | 408.097 | 414.898 | 423.073 | 432.584 | 442.314 | 451.283 | 462.402 | 476.829 | 506.397 | 537.264 | 551.985 |