According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,250.82% higher in 2024 versus 1970 (a $975,642,770.99 difference in value).
Between 1970 and 2024: Other goods and services experienced an average inflation rate of 4.94% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $78,000,000 in the year 1970 would cost $1,053,642,770.99 in 2024 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.
In the year 1970: Pricing changed by 5.80%, which is above the average yearly change for other goods and services during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $78,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $78,000,000.00 | 5.80% |
1971 | $81,692,654.52 | 4.73% |
1972 | $85,165,508.17 | 4.25% |
1973 | $88,462,521.13 | 3.87% |
1974 | $94,836,746.20 | 7.21% |
1975 | $102,720,270.52 | 8.31% |
1976 | $108,640,240.47 | 5.76% |
1977 | $115,014,465.53 | 5.87% |
1978 | $122,370,467.78 | 6.40% |
1979 | $131,323,689.65 | 7.32% |
1980 | $143,207,589.71 | 9.05% |
1981 | $157,421,378.92 | 9.93% |
1982 | $173,598,722.52 | 10.28% |
1983 | $192,486,943.45 | 10.88% |
1984 | $205,425,887.66 | 6.72% |
1985 | $218,071,764.04 | 6.16% |
1986 | $231,274,469.28 | 6.05% |
1987 | $244,740,935.56 | 5.82% |
1988 | $261,050,159.68 | 6.66% |
1989 | $281,315,799.36 | 7.76% |
1990 | $302,826,977.27 | 7.65% |
1991 | $326,887,845.20 | 7.95% |
1992 | $349,102,385.87 | 6.80% |
1993 | $367,463,084.73 | 5.26% |
1994 | $378,174,713.51 | 2.92% |
1995 | $394,044,335.90 | 4.20% |
1996 | $410,338,906.63 | 4.14% |
1997 | $428,245,350.37 | 4.36% |
1998 | $452,877,700.54 | 5.75% |
1999 | $491,987,600.98 | 8.64% |
2000 | $516,370,843.51 | 4.96% |
2001 | $538,394,890.10 | 4.27% |
2002 | $558,601,916.21 | 3.75% |
2003 | $569,049,783.96 | 1.87% |
2004 | $580,494,082.28 | 2.01% |
2005 | $596,920,533.53 | 2.83% |
2006 | $612,834,116.10 | 2.67% |
2007 | $634,970,700.73 | 3.61% |
2008 | $657,930,952.47 | 3.62% |
2009 | $702,133,931.99 | 6.72% |
2010 | $726,337,523.95 | 3.45% |
2011 | $737,639,537.85 | 1.56% |
2012 | $751,298,696.22 | 1.85% |
2013 | $763,884,493.71 | 1.68% |
2014 | $777,400,928.05 | 1.77% |
2015 | $790,355,258.31 | 1.67% |
2016 | $805,928,442.61 | 1.97% |
2017 | $824,047,067.44 | 2.25% |
2018 | $842,581,115.91 | 2.25% |
2019 | $859,667,409.36 | 2.03% |
2020 | $880,848,592.90 | 2.46% |
2021 | $908,331,027.62 | 3.12% |
2022 | $964,656,464.40 | 6.20% |
2023 | $1,023,455,686.64 | 6.10% |
2024 | $1,053,642,770.99 | 2.95%* |
* 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 | 553.111 |