According to the U.S. Bureau of Labor Statistics, prices for services are 1,448.17% higher in 2024 versus 1964 (a $289.63 difference in value).
Between 1964 and 2024: Services experienced an average inflation rate of 4.67% per year. This rate of change indicates significant inflation. In other words, services costing $20 in the year 1964 would cost $309.63 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for services was higher.
In the year 1964: Pricing changed by 1.87%, which is below the average yearly change for services during the 1964-2024 time period. Compared to inflation for all items in 1964 (1.28%), inflation for services was higher.
Below are calculations of equivalent buying power for Services, over time, for $20 beginning in 1964. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1964 | $20.00 | 1.87% |
1965 | $20.47 | 2.37% |
1966 | $21.24 | 3.73% |
1967 | $22.18 | 4.43% |
1968 | $23.33 | 5.18% |
1969 | $24.95 | 6.96% |
1970 | $26.99 | 8.17% |
1971 | $28.48 | 5.53% |
1972 | $29.59 | 3.89% |
1973 | $30.84 | 4.24% |
1974 | $33.73 | 9.37% |
1975 | $36.97 | 9.59% |
1976 | $40.01 | 8.23% |
1977 | $43.10 | 7.73% |
1978 | $46.79 | 8.55% |
1979 | $51.95 | 11.04% |
1980 | $59.95 | 15.40% |
1981 | $67.82 | 13.12% |
1982 | $73.95 | 9.04% |
1983 | $76.51 | 3.46% |
1984 | $80.53 | 5.26% |
1985 | $84.63 | 5.09% |
1986 | $88.84 | 4.98% |
1987 | $92.53 | 4.15% |
1988 | $96.75 | 4.56% |
1989 | $101.52 | 4.93% |
1990 | $107.15 | 5.54% |
1991 | $112.65 | 5.13% |
1992 | $117.05 | 3.91% |
1993 | $121.53 | 3.83% |
1994 | $125.57 | 3.32% |
1995 | $129.85 | 3.41% |
1996 | $134.05 | 3.23% |
1997 | $138.13 | 3.04% |
1998 | $141.82 | 2.67% |
1999 | $145.37 | 2.51% |
2000 | $150.36 | 3.43% |
2001 | $156.62 | 4.16% |
2002 | $161.53 | 3.14% |
2003 | $166.68 | 3.19% |
2004 | $171.53 | 2.91% |
2005 | $177.16 | 3.28% |
2006 | $183.91 | 3.81% |
2007 | $190.05 | 3.34% |
2008 | $196.71 | 3.50% |
2009 | $199.53 | 1.43% |
2010 | $201.16 | 0.82% |
2011 | $204.61 | 1.72% |
2012 | $208.93 | 2.11% |
2013 | $213.98 | 2.42% |
2014 | $219.52 | 2.59% |
2015 | $224.57 | 2.30% |
2016 | $230.93 | 2.83% |
2017 | $237.20 | 2.71% |
2018 | $243.76 | 2.77% |
2019 | $250.30 | 2.68% |
2020 | $255.60 | 2.11% |
2021 | $262.87 | 2.85% |
2022 | $279.16 | 6.20% |
2023 | $296.03 | 6.04% |
2024 | $309.63 | 4.60%* |
* 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 Services:
Year | 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 | 11.800 | 11.900 | 12.320 | 12.500 | 12.500 | 12.560 | 12.720 | 13.160 | 13.420 | 13.720 | 13.880 | 14.180 | 14.780 | 15.720 | 16.440 | 16.940 | 17.860 | 18.680 | 19.460 | 20.040 | 20.440 | 20.938 | 21.800 | 22.623 | 23.300 | 24.046 | 24.554 | 25.015 | 25.500 | 25.977 | 26.592 | 27.585 | 28.808 | 30.300 | 32.408 | 35.054 | 36.992 | 38.431 | 40.062 | 43.815 | 48.015 | 51.969 | 55.985 | 60.769 | 67.477 | 77.869 | 88.085 | 96.046 | 99.369 | 104.592 | 109.915 | 115.392 | 120.177 | 125.662 | 131.862 | 139.169 | 146.315 | 152.031 | 157.854 | 163.092 | 168.654 | 174.108 | 179.408 | 184.200 | 188.815 | 195.300 | 203.423 | 209.808 | 216.492 | 222.792 | 230.100 | 238.869 | 246.848 | 255.498 | 259.154 | 261.274 | 265.762 | 271.374 | 277.929 | 285.126 | 291.683 | 299.947 | 308.085 | 316.607 | 325.106 | 331.980 | 341.428 | 362.587 | 384.494 | 402.168 |