According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 2,515.16% higher in 2024 versus 1917 (a $8,551,535.07 difference in value).
Between 1917 and 2024: Philadelphia experienced an average inflation rate of 3.10% per year. This rate of change indicates significant inflation. In other words, $340,000 in Philadelphia in the year 1917 would cost $8,891,535.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.02% during this same period, inflation in Philadelphia was higher.
In the year 1917: Pricing changed by 13.45%, which is significantly above the average yearly change in Philadelphia during the 1917-2024 time period. Compared to inflation for all items in 1917 (17.81%), inflation in Philadelphia was much lower.
Below are calculations of equivalent buying power in Philadelphia, over time, for $340,000 beginning in 1917. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1917 | $340,000.00 | 13.45% |
1918 | $412,942.84 | 21.45% |
1919 | $501,961.89 | 21.56% |
1920 | $584,742.41 | 16.49% |
1921 | $536,033.87 | -8.33% |
1922 | $497,163.02 | -7.25% |
1923 | $505,081.16 | 1.59% |
1924 | $509,400.14 | 0.86% |
1925 | $526,196.19 | 3.30% |
1926 | $542,272.41 | 3.06% |
1927 | $534,594.21 | -1.42% |
1928 | $522,836.98 | -2.20% |
1929 | $512,759.35 | -1.93% |
1930 | $507,000.71 | -1.12% |
1931 | $467,170.08 | -7.86% |
1932 | $420,381.09 | -10.02% |
1933 | $385,109.39 | -8.39% |
1934 | $403,585.04 | 4.80% |
1935 | $409,823.57 | 1.55% |
1936 | $417,741.71 | 1.93% |
1937 | $427,819.34 | 2.41% |
1938 | $418,941.43 | -2.08% |
1939 | $412,223.01 | -1.60% |
1940 | $412,702.89 | 0.12% |
1941 | $433,098.09 | 4.94% |
1942 | $481,806.63 | 11.25% |
1943 | $512,519.41 | 6.37% |
1944 | $519,477.77 | 1.36% |
1945 | $533,394.50 | 2.68% |
1946 | $578,983.77 | 8.55% |
1947 | $662,484.12 | 14.42% |
1948 | $715,031.76 | 7.93% |
1949 | $706,633.73 | -1.17% |
1950 | $710,952.72 | 0.61% |
1951 | $776,697.25 | 9.25% |
1952 | $791,573.75 | 1.92% |
1953 | $795,412.84 | 0.48% |
1954 | $803,570.92 | 1.03% |
1955 | $801,891.32 | -0.21% |
1956 | $812,928.72 | 1.38% |
1957 | $839,082.57 | 3.22% |
1958 | $855,638.67 | 1.97% |
1959 | $865,236.41 | 1.12% |
1960 | $880,592.80 | 1.77% |
1961 | $890,430.49 | 1.12% |
1962 | $898,348.62 | 0.89% |
1963 | $914,424.84 | 1.79% |
1964 | $928,821.45 | 1.57% |
1965 | $943,218.07 | 1.55% |
1966 | $970,331.69 | 2.87% |
1967 | $996,725.48 | 2.72% |
1968 | $1,044,474.24 | 4.79% |
1969 | $1,099,901.20 | 5.31% |
1970 | $1,173,803.81 | 6.72% |
1971 | $1,231,150.32 | 4.89% |
1972 | $1,265,222.30 | 2.77% |
1973 | $1,350,402.26 | 6.73% |
1974 | $1,510,684.54 | 11.87% |
1975 | $1,636,414.96 | 8.32% |
1976 | $1,717,275.94 | 4.94% |
1977 | $1,829,329.57 | 6.53% |
1978 | $1,936,104.45 | 5.84% |
1979 | $2,128,539.17 | 9.94% |
1980 | $2,406,393.79 | 13.05% |
1981 | $2,651,376.15 | 10.18% |
1982 | $2,780,225.83 | 4.86% |
1983 | $2,861,326.75 | 2.92% |
1984 | $2,995,695.13 | 4.70% |
1985 | $3,131,743.12 | 4.54% |
1986 | $3,209,484.83 | 2.48% |
1987 | $3,363,288.64 | 4.79% |
1988 | $3,524,290.76 | 4.79% |
1989 | $3,694,170.78 | 4.82% |
1990 | $3,911,319.69 | 5.88% |
1991 | $4,093,916.73 | 4.67% |
1992 | $4,220,606.92 | 3.09% |
1993 | $4,325,702.19 | 2.49% |
1994 | $4,452,632.32 | 2.93% |
1995 | $4,569,244.88 | 2.62% |
1996 | $4,688,736.77 | 2.62% |
1997 | $4,792,632.32 | 2.22% |
1998 | $4,840,621.03 | 1.00% |
1999 | $4,944,036.70 | 2.14% |
2000 | $5,076,245.59 | 2.67% |
2001 | $5,216,852.51 | 2.77% |
2002 | $5,317,628.79 | 1.93% |
2003 | $5,432,561.75 | 2.16% |
2004 | $5,647,791.11 | 3.96% |
2005 | $5,872,138.32 | 3.97% |
2006 | $6,098,165.14 | 3.85% |
2007 | $6,231,864.08 | 2.19% |
2008 | $6,454,579.68 | 3.57% |
2009 | $6,421,258.72 | -0.52% |
2010 | $6,552,793.37 | 2.05% |
2011 | $6,724,583.35 | 2.62% |
2012 | $6,850,580.10 | 1.87% |
2013 | $6,932,825.55 | 1.20% |
2014 | $7,025,179.82 | 1.33% |
2015 | $7,019,145.24 | -0.09% |
2016 | $7,060,211.57 | 0.59% |
2017 | $7,150,068.03 | 1.27% |
2018 | $7,245,385.60 | 1.33% |
2019 | $7,382,914.04 | 1.90% |
2020 | $7,450,566.13 | 0.92% |
2021 | $7,741,965.56 | 3.91% |
2022 | $8,346,877.63 | 7.81% |
2023 | $8,725,333.38 | 4.53% |
2024 | $8,891,535.07 | 1.90%* |
* 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 Philadelphia, Pennsylvania:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 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 | 10.200 | 10.208 | 10.408 | 11.808 | 14.342 | 17.433 | 20.308 | 18.617 | 17.267 | 17.542 | 17.692 | 18.275 | 18.833 | 18.567 | 18.158 | 17.808 | 17.608 | 16.225 | 14.600 | 13.375 | 14.017 | 14.233 | 14.508 | 14.858 | 14.550 | 14.317 | 14.333 | 15.042 | 16.733 | 17.800 | 18.042 | 18.525 | 20.108 | 23.008 | 24.833 | 24.542 | 24.692 | 26.975 | 27.492 | 27.625 | 27.908 | 27.850 | 28.233 | 29.142 | 29.717 | 30.050 | 30.583 | 30.925 | 31.200 | 31.758 | 32.258 | 32.758 | 33.700 | 34.617 | 36.275 | 38.200 | 40.767 | 42.758 | 43.942 | 46.900 | 52.467 | 56.833 | 59.642 | 63.533 | 67.242 | 73.925 | 83.575 | 92.083 | 96.558 | 99.375 | 104.042 | 108.767 | 111.467 | 116.808 | 122.400 | 128.300 | 135.842 | 142.183 | 146.583 | 150.233 | 154.642 | 158.692 | 162.842 | 166.450 | 168.117 | 171.708 | 176.300 | 181.183 | 184.683 | 188.675 | 196.150 | 203.942 | 211.792 | 216.435 | 224.170 | 223.013 | 227.581 | 233.547 | 237.923 | 240.780 | 243.987 | 243.778 | 245.204 | 248.325 | 251.635 | 256.411 | 258.761 | 268.882 | 289.890 | 303.034 | 308.807 |