According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 2,053.21% higher in 2024 versus 1918 (a $11,292,666.47 difference in value).
Between 1918 and 2024: Philadelphia experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, $550,000 in Philadelphia in the year 1918 would cost $11,842,666.47 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation in Philadelphia was higher.
In the year 1918: Pricing changed by 21.45%, which is significantly above the average yearly change in Philadelphia during the 1918-2024 time period. Compared to inflation for all items in 1918 (17.34%), inflation in Philadelphia was much higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $550,000 beginning in 1918. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1918 | $550,000.00 | 21.45% |
1919 | $668,564.79 | 21.56% |
1920 | $778,820.45 | 16.49% |
1921 | $713,945.38 | -8.33% |
1922 | $662,173.16 | -7.25% |
1923 | $672,719.35 | 1.59% |
1924 | $678,471.82 | 0.86% |
1925 | $700,842.53 | 3.30% |
1926 | $722,254.50 | 3.06% |
1927 | $712,027.89 | -1.42% |
1928 | $696,368.39 | -2.20% |
1929 | $682,945.96 | -1.93% |
1930 | $675,276.00 | -1.12% |
1931 | $622,225.45 | -7.86% |
1932 | $559,907.03 | -10.02% |
1933 | $512,928.53 | -8.39% |
1934 | $537,536.32 | 4.80% |
1935 | $545,845.44 | 1.55% |
1936 | $556,391.63 | 1.93% |
1937 | $569,814.06 | 2.41% |
1938 | $557,989.54 | -2.08% |
1939 | $549,041.26 | -1.60% |
1940 | $549,680.42 | 0.12% |
1941 | $576,844.86 | 4.94% |
1942 | $641,719.93 | 11.25% |
1943 | $682,626.38 | 6.37% |
1944 | $691,894.25 | 1.36% |
1945 | $710,429.98 | 2.68% |
1946 | $771,150.49 | 8.55% |
1947 | $882,364.90 | 14.42% |
1948 | $952,353.28 | 7.93% |
1949 | $941,167.93 | -1.17% |
1950 | $946,920.40 | 0.61% |
1951 | $1,034,485.76 | 9.25% |
1952 | $1,054,299.83 | 1.92% |
1953 | $1,059,413.13 | 0.48% |
1954 | $1,070,278.91 | 1.03% |
1955 | $1,068,041.84 | -0.21% |
1956 | $1,082,742.59 | 1.38% |
1957 | $1,117,576.99 | 3.22% |
1958 | $1,139,628.12 | 1.97% |
1959 | $1,152,411.39 | 1.12% |
1960 | $1,172,864.61 | 1.77% |
1961 | $1,185,967.46 | 1.12% |
1962 | $1,196,513.65 | 0.89% |
1963 | $1,217,925.62 | 1.79% |
1964 | $1,237,100.52 | 1.57% |
1965 | $1,256,275.42 | 1.55% |
1966 | $1,292,388.15 | 2.87% |
1967 | $1,327,542.13 | 2.72% |
1968 | $1,391,138.87 | 4.79% |
1969 | $1,464,962.23 | 5.31% |
1970 | $1,563,393.38 | 6.72% |
1971 | $1,639,773.39 | 4.89% |
1972 | $1,685,153.98 | 2.77% |
1973 | $1,798,605.46 | 6.73% |
1974 | $2,012,086.00 | 11.87% |
1975 | $2,179,546.78 | 8.32% |
1976 | $2,287,245.79 | 4.94% |
1977 | $2,436,490.41 | 6.53% |
1978 | $2,578,704.24 | 5.84% |
1979 | $2,835,008.72 | 9.94% |
1980 | $3,205,084.25 | 13.05% |
1981 | $3,531,377.11 | 10.18% |
1982 | $3,702,992.45 | 4.86% |
1983 | $3,811,011.04 | 2.92% |
1984 | $3,989,976.76 | 4.70% |
1985 | $4,171,179.55 | 4.54% |
1986 | $4,274,724.00 | 2.48% |
1987 | $4,479,575.83 | 4.79% |
1988 | $4,694,015.11 | 4.79% |
1989 | $4,920,278.91 | 4.82% |
1990 | $5,209,500.29 | 5.88% |
1991 | $5,452,701.92 | 4.67% |
1992 | $5,621,441.02 | 3.09% |
1993 | $5,761,417.78 | 2.49% |
1994 | $5,930,476.47 | 2.93% |
1995 | $6,085,793.14 | 2.62% |
1996 | $6,244,944.80 | 2.62% |
1997 | $6,383,323.65 | 2.22% |
1998 | $6,447,239.98 | 1.00% |
1999 | $6,584,979.66 | 2.14% |
2000 | $6,761,069.15 | 2.67% |
2001 | $6,948,343.99 | 2.77% |
2002 | $7,082,568.27 | 1.93% |
2003 | $7,235,647.88 | 2.16% |
2004 | $7,522,312.61 | 3.96% |
2005 | $7,821,121.44 | 3.97% |
2006 | $8,122,167.34 | 3.85% |
2007 | $8,300,241.43 | 2.19% |
2008 | $8,596,877.11 | 3.57% |
2009 | $8,552,496.80 | -0.52% |
2010 | $8,727,688.26 | 2.05% |
2011 | $8,956,495.93 | 2.62% |
2012 | $9,124,311.45 | 1.87% |
2013 | $9,233,854.45 | 1.20% |
2014 | $9,356,861.42 | 1.33% |
2015 | $9,348,823.94 | -0.09% |
2016 | $9,403,520.34 | 0.59% |
2017 | $9,523,200.46 | 1.27% |
2018 | $9,650,154.27 | 1.33% |
2019 | $9,833,328.88 | 1.90% |
2020 | $9,923,434.92 | 0.92% |
2021 | $10,311,550.84 | 3.91% |
2022 | $11,117,235.33 | 7.81% |
2023 | $11,621,301.86 | 4.53% |
2024 | $11,842,666.47 | 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 |