According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 1,645.49% higher in 2024 versus 1924 (a $14,151,225.06 difference in value).
Between 1924 and 2024: Philadelphia experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, $860,000 in Philadelphia in the year 1924 would cost $15,011,225.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.94% during this same period, inflation in Philadelphia was lower.
In the year 1924: Pricing changed by 0.86%, which is below the average yearly change in Philadelphia during the 1924-2024 time period. Compared to inflation for all items in 1924 (0.41%), inflation in Philadelphia was higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $860,000 beginning in 1924. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1924 | $860,000.00 | 0.86% |
1925 | $888,356.10 | 3.30% |
1926 | $915,496.94 | 3.06% |
1927 | $902,534.15 | -1.42% |
1928 | $882,684.88 | -2.20% |
1929 | $865,671.22 | -1.93% |
1930 | $855,949.13 | -1.12% |
1931 | $788,704.66 | -7.86% |
1932 | $709,712.67 | -10.02% |
1933 | $650,164.86 | -8.39% |
1934 | $681,356.57 | 4.80% |
1935 | $691,888.84 | 1.55% |
1936 | $705,256.71 | 1.93% |
1937 | $722,270.37 | 2.41% |
1938 | $707,282.15 | -2.08% |
1939 | $695,939.71 | -1.60% |
1940 | $696,749.88 | 0.12% |
1941 | $731,182.29 | 4.94% |
1942 | $813,414.98 | 11.25% |
1943 | $865,266.13 | 6.37% |
1944 | $877,013.66 | 1.36% |
1945 | $900,508.71 | 2.68% |
1946 | $977,475.27 | 8.55% |
1947 | $1,118,445.60 | 14.42% |
1948 | $1,207,159.68 | 7.93% |
1949 | $1,192,981.63 | -1.17% |
1950 | $1,200,273.20 | 0.61% |
1951 | $1,311,267.07 | 9.25% |
1952 | $1,336,382.48 | 1.92% |
1953 | $1,342,863.87 | 0.48% |
1954 | $1,356,636.83 | 1.03% |
1955 | $1,353,801.22 | -0.21% |
1956 | $1,372,435.23 | 1.38% |
1957 | $1,416,589.73 | 3.22% |
1958 | $1,444,540.74 | 1.97% |
1959 | $1,460,744.23 | 1.12% |
1960 | $1,486,669.81 | 1.77% |
1961 | $1,503,278.38 | 1.12% |
1962 | $1,516,646.26 | 0.89% |
1963 | $1,543,787.09 | 1.79% |
1964 | $1,568,092.32 | 1.57% |
1965 | $1,592,397.55 | 1.55% |
1966 | $1,638,172.40 | 2.87% |
1967 | $1,682,731.98 | 2.72% |
1968 | $1,763,344.32 | 4.79% |
1969 | $1,856,919.45 | 5.31% |
1970 | $1,981,686.29 | 6.72% |
1971 | $2,078,502.12 | 4.89% |
1972 | $2,136,024.49 | 2.77% |
1973 | $2,279,830.43 | 6.73% |
1974 | $2,550,428.64 | 11.87% |
1975 | $2,762,694.30 | 8.32% |
1976 | $2,899,208.67 | 4.94% |
1977 | $3,088,384.36 | 6.53% |
1978 | $3,268,648.14 | 5.84% |
1979 | $3,593,528.03 | 9.94% |
1980 | $4,062,618.94 | 13.05% |
1981 | $4,476,212.91 | 10.18% |
1982 | $4,693,744.70 | 4.86% |
1983 | $4,830,664.15 | 2.92% |
1984 | $5,057,512.95 | 4.70% |
1985 | $5,287,197.36 | 4.54% |
1986 | $5,418,445.60 | 2.48% |
1987 | $5,678,106.45 | 4.79% |
1988 | $5,949,919.92 | 4.79% |
1989 | $6,236,721.62 | 4.82% |
1990 | $6,603,325.48 | 5.88% |
1991 | $6,911,596.80 | 4.67% |
1992 | $7,125,482.81 | 3.09% |
1993 | $7,302,910.98 | 2.49% |
1994 | $7,517,202.07 | 2.93% |
1995 | $7,714,074.42 | 2.62% |
1996 | $7,915,807.82 | 2.62% |
1997 | $8,091,210.55 | 2.22% |
1998 | $8,172,227.98 | 1.00% |
1999 | $8,346,820.54 | 2.14% |
2000 | $8,570,023.55 | 2.67% |
2001 | $8,807,404.62 | 2.77% |
2002 | $8,977,541.22 | 1.93% |
2003 | $9,171,577.96 | 2.16% |
2004 | $9,534,941.12 | 3.96% |
2005 | $9,913,697.60 | 3.97% |
2006 | $10,295,289.68 | 3.85% |
2007 | $10,521,008.29 | 2.19% |
2008 | $10,897,010.17 | 3.57% |
2009 | $10,840,755.72 | -0.52% |
2010 | $11,062,820.44 | 2.05% |
2011 | $11,352,846.63 | 2.62% |
2012 | $11,565,561.94 | 1.87% |
2013 | $11,704,413.66 | 1.20% |
2014 | $11,860,331.70 | 1.33% |
2015 | $11,850,143.76 | -0.09% |
2016 | $11,919,474.42 | 0.59% |
2017 | $12,071,175.51 | 1.27% |
2018 | $12,232,096.37 | 1.33% |
2019 | $12,464,280.17 | 1.90% |
2020 | $12,578,494.49 | 0.92% |
2021 | $13,070,452.57 | 3.91% |
2022 | $14,091,701.55 | 7.81% |
2023 | $14,730,633.35 | 4.53% |
2024 | $15,011,225.06 | 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 |