According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,137.17% higher in 2024 versus 1972 (a $477,611.72 difference in value).
Between 1972 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 $42,000 in the year 1972 would cost $519,611.72 in 2024 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.
In the year 1972: Pricing changed by 4.25%, which is below the average yearly change for other goods and services during the 1972-2024 time period. Compared to inflation for all items in 1972 (3.27%), inflation for other goods and services was higher.
Below are calculations of equivalent buying power for Other goods and services, over time, for $42,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1972 | $42,000.00 | 4.25% |
1973 | $43,625.95 | 3.87% |
1974 | $46,769.44 | 7.21% |
1975 | $50,657.26 | 8.31% |
1976 | $53,576.74 | 5.76% |
1977 | $56,720.23 | 5.87% |
1978 | $60,347.90 | 6.40% |
1979 | $64,763.25 | 7.32% |
1980 | $70,623.88 | 9.05% |
1981 | $77,633.52 | 9.93% |
1982 | $85,611.49 | 10.28% |
1983 | $94,926.36 | 10.88% |
1984 | $101,307.30 | 6.72% |
1985 | $107,543.70 | 6.16% |
1986 | $114,054.71 | 6.05% |
1987 | $120,695.80 | 5.82% |
1988 | $128,738.82 | 6.66% |
1989 | $138,732.97 | 7.76% |
1990 | $149,341.36 | 7.65% |
1991 | $161,207.16 | 7.95% |
1992 | $172,162.42 | 6.80% |
1993 | $181,217.14 | 5.26% |
1994 | $186,499.66 | 2.92% |
1995 | $194,325.88 | 4.20% |
1996 | $202,361.67 | 4.14% |
1997 | $211,192.36 | 4.36% |
1998 | $223,339.99 | 5.75% |
1999 | $242,627.32 | 8.64% |
2000 | $254,652.10 | 4.96% |
2001 | $265,513.42 | 4.27% |
2002 | $275,478.66 | 3.75% |
2003 | $280,631.11 | 1.87% |
2004 | $286,274.95 | 2.01% |
2005 | $294,375.77 | 2.83% |
2006 | $302,223.68 | 2.67% |
2007 | $313,140.50 | 3.61% |
2008 | $324,463.51 | 3.62% |
2009 | $346,262.54 | 6.72% |
2010 | $358,198.72 | 3.45% |
2011 | $363,772.39 | 1.56% |
2012 | $370,508.51 | 1.85% |
2013 | $376,715.29 | 1.68% |
2014 | $383,381.02 | 1.77% |
2015 | $389,769.54 | 1.67% |
2016 | $397,449.57 | 1.97% |
2017 | $406,384.90 | 2.25% |
2018 | $415,525.11 | 2.25% |
2019 | $423,951.34 | 2.03% |
2020 | $434,397.00 | 2.46% |
2021 | $447,950.16 | 3.12% |
2022 | $475,727.47 | 6.20% |
2023 | $504,724.74 | 6.10% |
2024 | $519,611.72 | 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 |