According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,805.12% higher in 2024 versus 1940 (a $613,742.08 difference in value).
Between 1940 and 2024: Transportation experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, transportation costing $34,000 in the year 1940 would cost $647,742.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for transportation was lower.
In the year 1940: Pricing changed by -0.56%, which is significantly below the average yearly change for transportation during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $34,000 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 | $34,000.00 | -0.56% |
1941 | $35,291.14 | 3.80% |
1942 | $38,303.80 | 8.54% |
1943 | $38,064.70 | -0.62% |
1944 | $38,016.88 | -0.13% |
1945 | $38,016.88 | 0.00% ** |
1946 | $40,312.24 | 6.04% |
1947 | $44,123.12 | 9.45% |
1948 | $49,199.39 | 11.50% |
1949 | $52,877.85 | 7.48% |
1950 | $54,238.88 | 2.57% |
1951 | $57,715.03 | 6.41% |
1952 | $61,522.23 | 6.60% |
1953 | $63,287.89 | 2.87% |
1954 | $62,368.28 | -1.45% |
1955 | $61,614.19 | -1.21% |
1956 | $62,717.73 | 1.79% |
1957 | $66,212.27 | 5.57% |
1958 | $68,400.95 | 3.31% |
1959 | $71,233.37 | 4.14% |
1960 | $71,214.97 | -0.03% |
1961 | $72,024.23 | 1.14% |
1962 | $73,532.40 | 2.09% |
1963 | $73,937.03 | 0.55% |
1964 | $75,040.57 | 1.49% |
1965 | $76,272.86 | 1.64% |
1966 | $77,358.00 | 1.42% |
1967 | $79,565.08 | 2.85% |
1968 | $82,103.21 | 3.19% |
1969 | $85,266.69 | 3.85% |
1970 | $89,644.05 | 5.13% |
1971 | $94,352.48 | 5.25% |
1972 | $95,456.02 | 1.17% |
1973 | $98,472.36 | 3.16% |
1974 | $109,507.74 | 11.21% |
1975 | $119,789.03 | 9.39% |
1976 | $131,707.24 | 9.95% |
1977 | $140,995.35 | 7.05% |
1978 | $147,598.18 | 4.68% |
1979 | $168,638.97 | 14.26% |
1980 | $198,673.59 | 17.81% |
1981 | $222,730.72 | 12.11% |
1982 | $231,908.47 | 4.12% |
1983 | $237,444.55 | 2.39% |
1984 | $247,983.34 | 4.44% |
1985 | $254,531.00 | 2.64% |
1986 | $244,635.94 | -3.89% |
1987 | $252,029.64 | 3.02% |
1988 | $259,809.59 | 3.09% |
1989 | $272,812.94 | 5.00% |
1990 | $288,152.12 | 5.62% |
1991 | $296,079.20 | 2.75% |
1992 | $302,553.28 | 2.19% |
1993 | $311,694.26 | 3.02% |
1994 | $321,111.11 | 3.02% |
1995 | $332,606.30 | 3.58% |
1996 | $341,986.37 | 2.82% |
1997 | $344,965.92 | 0.87% |
1998 | $338,455.05 | -1.89% |
1999 | $345,260.20 | 2.01% |
2000 | $366,613.65 | 6.18% |
2001 | $368,820.73 | 0.60% |
2002 | $365,491.72 | -0.90% |
2003 | $376,729.42 | 3.07% |
2004 | $389,971.87 | 3.52% |
2005 | $415,813.05 | 6.63% |
2006 | $432,439.68 | 4.00% |
2007 | $441,573.48 | 2.11% |
2008 | $467,558.12 | 5.88% |
2009 | $428,592.20 | -8.33% |
2010 | $462,409.38 | 7.89% |
2011 | $507,766.81 | 9.81% |
2012 | $519,653.38 | 2.34% |
2013 | $519,830.87 | 0.03% |
2014 | $516,310.40 | -0.68% |
2015 | $475,968.00 | -7.81% |
2016 | $465,990.36 | -2.10% |
2017 | $481,941.82 | 3.42% |
2018 | $503,696.22 | 4.51% |
2019 | $502,272.84 | -0.28% |
2020 | $481,389.86 | -4.16% |
2021 | $551,500.56 | 14.56% |
2022 | $636,794.29 | 15.47% |
2023 | $638,344.94 | 0.24% |
2024 | $647,742.08 | 1.47%* |
* 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 | 270.909 |