According to the U.S. Bureau of Labor Statistics, prices for transportation services are 1,423.82% higher in 2024 versus 1962 (a $284.76 difference in value).
Between 1962 and 2024: Transportation services experienced an average inflation rate of 4.49% per year. This rate of change indicates significant inflation. In other words, transportation services costing $20 in the year 1962 would cost $304.76 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.84% during this same period, inflation for transportation services was higher.
In the year 1962: Pricing changed by 1.52%, which is below the average yearly change for transportation services during the 1962-2024 time period. Compared to inflation for all items in 1962 (1.18%), inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1962 | $20.00 | 1.52% |
| 1963 | $20.23 | 1.17% |
| 1964 | $20.67 | 2.15% |
| 1965 | $21.48 | 3.90% |
| 1966 | $22.37 | 4.16% |
| 1967 | $23.09 | 3.24% |
| 1968 | $24.02 | 4.01% |
| 1969 | $25.70 | 7.01% |
| 1970 | $28.44 | 10.66% |
| 1971 | $30.74 | 8.08% |
| 1972 | $31.43 | 2.25% |
| 1973 | $31.63 | 0.62% |
| 1974 | $32.79 | 3.68% |
| 1975 | $35.27 | 7.57% |
| 1976 | $40.26 | 14.14% |
| 1977 | $43.52 | 8.09% |
| 1978 | $45.61 | 4.80% |
| 1979 | $49.18 | 7.82% |
| 1980 | $56.06 | 14.00% |
| 1981 | $62.74 | 11.93% |
| 1982 | $68.03 | 8.42% |
| 1983 | $70.16 | 3.14% |
| 1984 | $74.18 | 5.74% |
| 1985 | $77.87 | 4.96% |
| 1986 | $82.33 | 5.73% |
| 1987 | $86.29 | 4.81% |
| 1988 | $90.62 | 5.02% |
| 1989 | $95.99 | 5.92% |
| 1990 | $102.05 | 6.31% |
| 1991 | $107.00 | 4.85% |
| 1992 | $110.19 | 2.98% |
| 1993 | $115.30 | 4.64% |
| 1994 | $119.32 | 3.49% |
| 1995 | $124.48 | 4.32% |
| 1996 | $127.74 | 2.62% |
| 1997 | $130.97 | 2.53% |
| 1998 | $132.99 | 1.54% |
| 1999 | $134.97 | 1.49% |
| 2000 | $138.81 | 2.84% |
| 2001 | $142.89 | 2.94% |
| 2002 | $148.03 | 3.60% |
| 2003 | $153.12 | 3.44% |
| 2004 | $156.13 | 1.96% |
| 2005 | $159.73 | 2.31% |
| 2006 | $163.34 | 2.26% |
| 2007 | $165.45 | 1.29% |
| 2008 | $172.77 | 4.43% |
| 2009 | $177.70 | 2.85% |
| 2010 | $183.92 | 3.50% |
| 2011 | $189.71 | 3.15% |
| 2012 | $193.15 | 1.81% |
| 2013 | $198.20 | 2.62% |
| 2014 | $201.92 | 1.88% |
| 2015 | $206.00 | 2.02% |
| 2016 | $211.95 | 2.89% |
| 2017 | $219.38 | 3.50% |
| 2018 | $227.80 | 3.84% |
| 2019 | $230.04 | 0.98% |
| 2020 | $221.42 | -3.74% |
| 2021 | $229.47 | 3.63% |
| 2022 | $253.26 | 10.37% |
| 2023 | $280.48 | 10.75% |
| 2024 | $304.76 | 8.66%* |
* 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 Transportation 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 | 11.750 | 11.700 | 11.780 | 11.800 | 11.800 | 11.840 | 12.540 | 12.480 | 12.500 | 12.500 | 12.740 | 13.200 | 14.840 | 16.420 | 17.460 | 19.120 | 20.460 | 21.720 | 22.660 | 22.660 | 23.000 | 24.108 | 25.623 | 26.515 | 27.215 | 27.831 | 28.254 | 28.585 | 29.200 | 30.338 | 31.600 | 32.623 | 33.931 | 36.308 | 40.177 | 43.423 | 44.400 | 44.677 | 46.323 | 49.831 | 56.877 | 61.477 | 64.431 | 69.469 | 79.192 | 88.638 | 96.100 | 99.115 | 104.800 | 110.000 | 116.308 | 121.900 | 128.023 | 135.608 | 144.162 | 151.154 | 155.662 | 162.885 | 168.569 | 175.854 | 180.454 | 185.023 | 187.869 | 190.669 | 196.092 | 201.862 | 209.123 | 216.315 | 220.562 | 225.654 | 230.754 | 233.731 | 244.074 | 251.031 | 259.823 | 268.002 | 272.858 | 280.002 | 285.255 | 291.012 | 299.427 | 309.915 | 321.814 | 324.971 | 312.803 | 324.169 | 357.779 | 396.233 | 430.538 |