According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,726.80% higher in 2024 versus 1938 (a $34,535,932.51 difference in value).
Between 1938 and 2024: Transportation experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, transportation costing $2,000,000 in the year 1938 would cost $36,535,932.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for transportation was lower.
In the year 1938: Pricing changed by 0.41%, which is significantly below the average yearly change for transportation during the 1938-2024 time period. Compared to inflation for all items in 1938 (-2.03%), inflation for transportation was higher.
Below are calculations of equivalent buying power for Transportation, over time, for $2,000,000 beginning in 1938. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1938 | $2,000,000.00 | 0.41% |
1939 | $1,956,224.35 | -2.19% |
1940 | $1,945,280.44 | -0.56% |
1941 | $2,019,151.85 | 3.80% |
1942 | $2,191,518.47 | 8.54% |
1943 | $2,177,838.58 | -0.62% |
1944 | $2,175,102.60 | -0.13% |
1945 | $2,175,102.60 | 0.00% ** |
1946 | $2,306,429.55 | 6.04% |
1947 | $2,524,465.96 | 9.45% |
1948 | $2,814,900.56 | 11.50% |
1949 | $3,025,360.41 | 7.48% |
1950 | $3,103,230.56 | 2.57% |
1951 | $3,302,115.12 | 6.41% |
1952 | $3,519,941.07 | 6.60% |
1953 | $3,620,961.80 | 2.87% |
1954 | $3,568,346.84 | -1.45% |
1955 | $3,525,202.57 | -1.21% |
1956 | $3,588,340.52 | 1.79% |
1957 | $3,788,277.39 | 5.57% |
1958 | $3,913,501.00 | 3.31% |
1959 | $4,075,555.09 | 4.14% |
1960 | $4,074,502.79 | -0.03% |
1961 | $4,120,803.96 | 1.14% |
1962 | $4,207,092.50 | 2.09% |
1963 | $4,230,243.08 | 0.55% |
1964 | $4,293,381.04 | 1.49% |
1965 | $4,363,885.09 | 1.64% |
1966 | $4,425,970.75 | 1.42% |
1967 | $4,552,246.66 | 2.85% |
1968 | $4,697,463.96 | 3.19% |
1969 | $4,878,459.43 | 3.85% |
1970 | $5,128,906.66 | 5.13% |
1971 | $5,398,295.28 | 5.25% |
1972 | $5,461,433.23 | 1.17% |
1973 | $5,634,010.31 | 3.16% |
1974 | $6,265,389.88 | 11.21% |
1975 | $6,853,625.17 | 9.39% |
1976 | $7,535,515.10 | 9.95% |
1977 | $8,066,926.23 | 7.05% |
1978 | $8,444,701.67 | 4.68% |
1979 | $9,648,532.04 | 14.26% |
1980 | $11,366,936.76 | 17.81% |
1981 | $12,743,344.21 | 12.11% |
1982 | $13,268,441.54 | 4.12% |
1983 | $13,585,183.63 | 2.39% |
1984 | $14,188,151.11 | 4.44% |
1985 | $14,562,769.65 | 2.64% |
1986 | $13,996,632.64 | -3.89% |
1987 | $14,419,656.95 | 3.02% |
1988 | $14,864,779.54 | 3.09% |
1989 | $15,608,755.13 | 5.00% |
1990 | $16,486,372.72 | 5.62% |
1991 | $16,939,913.71 | 2.75% |
1992 | $17,310,323.06 | 2.19% |
1993 | $17,833,315.80 | 3.02% |
1994 | $18,372,093.02 | 3.02% |
1995 | $19,029,780.07 | 3.58% |
1996 | $19,566,452.70 | 2.82% |
1997 | $19,736,925.18 | 0.87% |
1998 | $19,364,411.24 | -1.89% |
1999 | $19,753,761.97 | 2.01% |
2000 | $20,975,481.43 | 6.18% |
2001 | $21,101,757.34 | 0.60% |
2002 | $20,911,291.17 | -0.90% |
2003 | $21,554,246.03 | 3.07% |
2004 | $22,311,901.50 | 3.52% |
2005 | $23,790,381.98 | 6.63% |
2006 | $24,741,660.53 | 4.00% |
2007 | $25,264,242.87 | 2.11% |
2008 | $26,750,931.28 | 5.88% |
2009 | $24,521,530.04 | -8.33% |
2010 | $26,456,350.63 | 7.89% |
2011 | $29,051,436.39 | 9.81% |
2012 | $29,731,516.36 | 2.34% |
2013 | $29,741,671.05 | 0.03% |
2014 | $29,540,250.45 | -0.68% |
2015 | $27,232,095.13 | -7.81% |
2016 | $26,661,233.29 | -2.10% |
2017 | $27,573,881.93 | 3.42% |
2018 | $28,818,541.51 | 4.51% |
2019 | $28,737,104.07 | -0.28% |
2020 | $27,542,302.43 | -4.16% |
2021 | $31,553,625.17 | 14.56% |
2022 | $36,433,631.48 | 15.47% |
2023 | $36,522,350.84 | 0.24% |
2024 | $36,535,932.51 | 0.04%* |
* 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:
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 | 14.200 | 14.267 | 14.560 | 14.620 | 14.300 | 14.220 | 14.760 | 16.020 | 15.920 | 15.900 | 15.900 | 16.860 | 18.454 | 20.577 | 22.115 | 22.685 | 24.138 | 25.731 | 26.469 | 26.085 | 25.769 | 26.231 | 27.692 | 28.608 | 29.792 | 29.785 | 30.123 | 30.754 | 30.923 | 31.385 | 31.900 | 32.354 | 33.277 | 34.338 | 35.662 | 37.492 | 39.462 | 39.923 | 41.185 | 45.800 | 50.100 | 55.085 | 58.969 | 61.731 | 70.531 | 83.092 | 93.154 | 96.992 | 99.308 | 103.715 | 106.454 | 102.315 | 105.408 | 108.662 | 114.100 | 120.515 | 123.831 | 126.538 | 130.362 | 134.300 | 139.108 | 143.031 | 144.277 | 141.554 | 144.400 | 153.331 | 154.254 | 152.862 | 157.562 | 163.100 | 173.908 | 180.862 | 184.682 | 195.549 | 179.252 | 193.396 | 212.366 | 217.337 | 217.412 | 215.939 | 199.067 | 194.894 | 201.565 | 210.664 | 210.068 | 201.334 | 230.657 | 266.330 | 266.978 | 267.078 |