According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,326.50% higher in 2022 versus 1967 (a $23,213,835.55 difference in value).
Between 1967 and 2022: Other goods and services experienced an average inflation rate of 4.95% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $1,750,000 in the year 1967 would cost $24,963,835.55 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.01% 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 $1,750,000 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 | $1,750,000.00 | - |
1968 | $1,841,076.52 | 5.20% |
1969 | $1,932,153.04 | 4.95% |
1970 | $2,044,439.16 | 5.81% |
1971 | $2,141,337.93 | 4.74% |
1972 | $2,230,750.95 | 4.18% |
1973 | $2,318,084.60 | 3.91% |
1974 | $2,484,434.41 | 7.18% |
1975 | $2,691,955.80 | 8.35% |
1976 | $2,846,245.25 | 5.73% |
1977 | $3,013,426.81 | 5.87% |
1978 | $3,210,551.33 | 6.54% |
1979 | $3,444,688.69 | 7.29% |
1980 | $3,758,258.08 | 9.10% |
1981 | $4,128,802.28 | 9.86% |
1982 | $4,552,994.30 | 10.27% |
1983 | $5,050,380.23 | 10.92% |
1984 | $5,391,397.34 | 6.75% |
1985 | $5,722,433.46 | 6.14% |
1986 | $6,068,025.19 | 6.04% |
1987 | $6,410,705.80 | 5.65% |
1988 | $6,837,808.94 | 6.66% |
1989 | $7,370,128.33 | 7.78% |
1990 | $7,934,054.18 | 7.65% |
1991 | $8,563,688.21 | 7.94% |
1992 | $9,144,664.92 | 6.78% |
1993 | $9,625,831.75 | 5.26% |
1994 | $9,906,547.05 | 2.92% |
1995 | $10,323,253.33 | 4.21% |
1996 | $10,749,108.84 | 4.13% |
1997 | $11,219,047.05 | 4.37% |
1998 | $11,864,484.32 | 5.75% |
1999 | $12,887,535.65 | 8.62% |
2000 | $13,528,814.16 | 4.98% |
2001 | $14,104,800.38 | 4.26% |
2002 | $14,634,208.65 | 3.75% |
2003 | $14,908,685.84 | 1.88% |
2004 | $15,207,699.62 | 2.01% |
2005 | $15,637,298.00 | 2.82% |
2006 | $16,056,083.65 | 2.68% |
2007 | $16,634,481.94 | 3.60% |
2008 | $17,235,890.57 | 3.62% |
2009 | $18,394,105.28 | 6.72% |
2010 | $19,028,226.59 | 3.45% |
2011 | $19,324,691.06 | 1.56% |
2012 | $19,682,742.40 | 1.85% |
2013 | $20,011,965.30 | 1.67% |
2014 | $20,366,065.83 | 1.77% |
2015 | $20,705,477.66 | 1.67% |
2016 | $21,113,417.30 | 1.97% |
2017 | $21,588,084.01 | 2.25% |
2018 | $22,073,629.99 | 2.25% |
2019 | $22,521,252.38 | 2.03% |
2020 | $23,076,149.60 | 2.46% |
2021 | $23,796,124.05 | 3.12% |
2022 | $24,963,835.55 | 4.91%* |
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 |
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 | 442.313 | 451.283 | 462.402 | 476.829 | 500.228 |