According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 2,066.88% higher in 2024 versus 1940 (a $14,674,853.78 difference in value).
Between 1940 and 2024: Philadelphia experienced an average inflation rate of 3.73% per year. This rate of change indicates significant inflation. In other words, $710,000 in Philadelphia in the year 1940 would cost $15,384,853.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation in Philadelphia was lower.
In the year 1940: Pricing changed by 0.12%, which is significantly below the average yearly change in Philadelphia during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Philadelphia was lower.
Below are calculations of equivalent buying power in Philadelphia, over time, for $710,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $710,000.00 | 0.12% |
1941 | $745,087.21 | 4.94% |
1942 | $828,883.72 | 11.25% |
1943 | $881,720.93 | 6.37% |
1944 | $893,691.86 | 1.36% |
1945 | $917,633.72 | 2.68% |
1946 | $996,063.95 | 8.55% |
1947 | $1,139,715.12 | 14.42% |
1948 | $1,230,116.28 | 7.93% |
1949 | $1,215,668.60 | -1.17% |
1950 | $1,223,098.84 | 0.61% |
1951 | $1,336,203.49 | 9.25% |
1952 | $1,361,796.51 | 1.92% |
1953 | $1,368,401.16 | 0.48% |
1954 | $1,382,436.05 | 1.03% |
1955 | $1,379,546.51 | -0.21% |
1956 | $1,398,534.88 | 1.38% |
1957 | $1,443,529.07 | 3.22% |
1958 | $1,472,011.63 | 1.97% |
1959 | $1,488,523.26 | 1.12% |
1960 | $1,514,941.86 | 1.77% |
1961 | $1,531,866.28 | 1.12% |
1962 | $1,545,488.37 | 0.89% |
1963 | $1,573,145.35 | 1.79% |
1964 | $1,597,912.79 | 1.57% |
1965 | $1,622,680.23 | 1.55% |
1966 | $1,669,325.58 | 2.87% |
1967 | $1,714,732.56 | 2.72% |
1968 | $1,796,877.91 | 4.79% |
1969 | $1,892,232.56 | 5.31% |
1970 | $2,019,372.09 | 6.72% |
1971 | $2,118,029.07 | 4.89% |
1972 | $2,176,645.35 | 2.77% |
1973 | $2,323,186.05 | 6.73% |
1974 | $2,598,930.23 | 11.87% |
1975 | $2,815,232.56 | 8.32% |
1976 | $2,954,343.02 | 4.94% |
1977 | $3,147,116.28 | 6.53% |
1978 | $3,330,808.14 | 5.84% |
1979 | $3,661,866.28 | 9.94% |
1980 | $4,139,877.91 | 13.05% |
1981 | $4,561,337.21 | 10.18% |
1982 | $4,783,005.81 | 4.86% |
1983 | $4,922,529.07 | 2.92% |
1984 | $5,153,691.86 | 4.70% |
1985 | $5,387,744.19 | 4.54% |
1986 | $5,521,488.37 | 2.48% |
1987 | $5,786,087.21 | 4.79% |
1988 | $6,063,069.77 | 4.79% |
1989 | $6,355,325.58 | 4.82% |
1990 | $6,728,901.16 | 5.88% |
1991 | $7,043,034.88 | 4.67% |
1992 | $7,260,988.37 | 3.09% |
1993 | $7,441,790.70 | 2.49% |
1994 | $7,660,156.98 | 2.93% |
1995 | $7,860,773.26 | 2.62% |
1996 | $8,066,343.02 | 2.62% |
1997 | $8,245,081.40 | 2.22% |
1998 | $8,327,639.53 | 1.00% |
1999 | $8,505,552.33 | 2.14% |
2000 | $8,733,000.00 | 2.67% |
2001 | $8,974,895.35 | 2.77% |
2002 | $9,148,267.44 | 1.93% |
2003 | $9,345,994.19 | 2.16% |
2004 | $9,716,267.44 | 3.96% |
2005 | $10,102,226.74 | 3.97% |
2006 | $10,491,075.58 | 3.85% |
2007 | $10,721,086.69 | 2.19% |
2008 | $11,104,239.01 | 3.57% |
2009 | $11,046,914.77 | -0.52% |
2010 | $11,273,202.50 | 2.05% |
2011 | $11,568,744.13 | 2.62% |
2012 | $11,785,504.65 | 1.87% |
2013 | $11,926,996.92 | 1.20% |
2014 | $12,085,880.06 | 1.33% |
2015 | $12,075,498.37 | -0.09% |
2016 | $12,146,147.50 | 0.59% |
2017 | $12,300,733.49 | 1.27% |
2018 | $12,464,714.59 | 1.33% |
2019 | $12,701,313.84 | 1.90% |
2020 | $12,817,700.17 | 0.92% |
2021 | $13,319,013.84 | 3.91% |
2022 | $14,359,683.95 | 7.81% |
2023 | $15,010,766.34 | 4.53% |
2024 | $15,384,853.78 | 2.49%* |
* 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 | 310.586 |