According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 2,080.73% higher in 2024 versus 1940 (a $19,766,906.83 difference in value).
Between 1940 and 2024: Philadelphia experienced an average inflation rate of 3.74% per year. This rate of change indicates significant inflation. In other words, $950,000 in Philadelphia in the year 1940 would cost $20,716,906.83 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% 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 $950,000 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 | $950,000.00 | 0.12% |
| 1941 | $996,947.67 | 4.94% |
| 1942 | $1,109,069.77 | 11.25% |
| 1943 | $1,179,767.44 | 6.37% |
| 1944 | $1,195,784.88 | 1.36% |
| 1945 | $1,227,819.77 | 2.68% |
| 1946 | $1,332,761.63 | 8.55% |
| 1947 | $1,524,970.93 | 14.42% |
| 1948 | $1,645,930.23 | 7.93% |
| 1949 | $1,626,598.84 | -1.17% |
| 1950 | $1,636,540.70 | 0.61% |
| 1951 | $1,787,877.91 | 9.25% |
| 1952 | $1,822,122.09 | 1.92% |
| 1953 | $1,830,959.30 | 0.48% |
| 1954 | $1,849,738.37 | 1.03% |
| 1955 | $1,845,872.09 | -0.21% |
| 1956 | $1,871,279.07 | 1.38% |
| 1957 | $1,931,482.56 | 3.22% |
| 1958 | $1,969,593.02 | 1.97% |
| 1959 | $1,991,686.05 | 1.12% |
| 1960 | $2,027,034.88 | 1.77% |
| 1961 | $2,049,680.23 | 1.12% |
| 1962 | $2,067,906.98 | 0.89% |
| 1963 | $2,104,912.79 | 1.79% |
| 1964 | $2,138,052.33 | 1.57% |
| 1965 | $2,171,191.86 | 1.55% |
| 1966 | $2,233,604.65 | 2.87% |
| 1967 | $2,294,360.47 | 2.72% |
| 1968 | $2,404,273.26 | 4.79% |
| 1969 | $2,531,860.47 | 5.31% |
| 1970 | $2,701,976.74 | 6.72% |
| 1971 | $2,833,982.56 | 4.89% |
| 1972 | $2,912,412.79 | 2.77% |
| 1973 | $3,108,488.37 | 6.73% |
| 1974 | $3,477,441.86 | 11.87% |
| 1975 | $3,766,860.47 | 8.32% |
| 1976 | $3,952,994.19 | 4.94% |
| 1977 | $4,210,930.23 | 6.53% |
| 1978 | $4,456,715.12 | 5.84% |
| 1979 | $4,899,680.23 | 9.94% |
| 1980 | $5,539,273.26 | 13.05% |
| 1981 | $6,103,197.67 | 10.18% |
| 1982 | $6,399,796.51 | 4.86% |
| 1983 | $6,586,482.56 | 2.92% |
| 1984 | $6,895,784.88 | 4.70% |
| 1985 | $7,208,953.49 | 4.54% |
| 1986 | $7,387,906.98 | 2.48% |
| 1987 | $7,741,947.67 | 4.79% |
| 1988 | $8,112,558.14 | 4.79% |
| 1989 | $8,503,604.65 | 4.82% |
| 1990 | $9,003,459.30 | 5.88% |
| 1991 | $9,423,779.07 | 4.67% |
| 1992 | $9,715,406.98 | 3.09% |
| 1993 | $9,957,325.58 | 2.49% |
| 1994 | $10,249,505.81 | 2.93% |
| 1995 | $10,517,936.05 | 2.62% |
| 1996 | $10,792,994.19 | 2.62% |
| 1997 | $11,032,151.16 | 2.22% |
| 1998 | $11,142,616.28 | 1.00% |
| 1999 | $11,380,668.60 | 2.14% |
| 2000 | $11,685,000.00 | 2.67% |
| 2001 | $12,008,662.79 | 2.77% |
| 2002 | $12,240,639.53 | 1.93% |
| 2003 | $12,505,203.49 | 2.16% |
| 2004 | $13,000,639.53 | 3.96% |
| 2005 | $13,517,063.95 | 3.97% |
| 2006 | $14,037,354.65 | 3.85% |
| 2007 | $14,345,115.99 | 2.19% |
| 2008 | $14,857,784.59 | 3.57% |
| 2009 | $14,781,083.14 | -0.52% |
| 2010 | $15,083,862.50 | 2.05% |
| 2011 | $15,479,305.52 | 2.62% |
| 2012 | $15,769,337.21 | 1.87% |
| 2013 | $15,958,657.85 | 1.20% |
| 2014 | $16,171,247.97 | 1.33% |
| 2015 | $16,157,356.98 | -0.09% |
| 2016 | $16,251,887.50 | 0.59% |
| 2017 | $16,458,727.91 | 1.27% |
| 2018 | $16,678,139.24 | 1.33% |
| 2019 | $16,994,715.70 | 1.90% |
| 2020 | $17,150,443.90 | 0.92% |
| 2021 | $17,821,215.70 | 3.91% |
| 2022 | $19,213,661.63 | 7.81% |
| 2023 | $20,084,828.20 | 4.53% |
| 2024 | $20,716,906.83 | 3.15%* |
* 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 | 312.571 |