According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,795.08% higher in 2024 versus 1940 (a $6,641,786.22 difference in value).
Between 1940 and 2024: Transportation experienced an average inflation rate of 3.56% per year. This rate of change indicates significant inflation. In other words, transportation costing $370,000 in the year 1940 would cost $7,011,786.22 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 $370,000 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 | $370,000.00 | -0.56% |
1941 | $384,050.63 | 3.80% |
1942 | $416,835.44 | 8.54% |
1943 | $414,233.47 | -0.62% |
1944 | $413,713.08 | -0.13% |
1945 | $413,713.08 | 0.00% ** |
1946 | $438,691.98 | 6.04% |
1947 | $480,163.37 | 9.45% |
1948 | $535,405.17 | 11.50% |
1949 | $575,435.46 | 7.48% |
1950 | $590,246.67 | 2.57% |
1951 | $628,075.30 | 6.41% |
1952 | $669,506.65 | 6.60% |
1953 | $688,721.19 | 2.87% |
1954 | $678,713.62 | -1.45% |
1955 | $670,507.41 | -1.21% |
1956 | $682,516.50 | 1.79% |
1957 | $720,545.28 | 5.57% |
1958 | $744,363.30 | 3.31% |
1959 | $775,186.63 | 4.14% |
1960 | $774,986.48 | -0.03% |
1961 | $783,793.14 | 1.14% |
1962 | $800,205.56 | 2.09% |
1963 | $804,608.89 | 0.55% |
1964 | $816,617.98 | 1.49% |
1965 | $830,028.13 | 1.64% |
1966 | $841,837.07 | 1.42% |
1967 | $865,855.24 | 2.85% |
1968 | $893,476.14 | 3.19% |
1969 | $927,902.20 | 3.85% |
1970 | $975,538.25 | 5.13% |
1971 | $1,026,777.02 | 5.25% |
1972 | $1,038,786.11 | 1.17% |
1973 | $1,071,610.95 | 3.16% |
1974 | $1,191,701.83 | 11.21% |
1975 | $1,303,586.50 | 9.39% |
1976 | $1,433,284.65 | 9.95% |
1977 | $1,534,361.14 | 7.05% |
1978 | $1,606,215.51 | 4.68% |
1979 | $1,835,188.79 | 14.26% |
1980 | $2,162,036.14 | 17.81% |
1981 | $2,423,834.25 | 12.11% |
1982 | $2,523,709.83 | 4.12% |
1983 | $2,583,955.43 | 2.39% |
1984 | $2,698,642.22 | 4.44% |
1985 | $2,769,896.14 | 2.64% |
1986 | $2,662,214.65 | -3.89% |
1987 | $2,742,675.54 | 3.02% |
1988 | $2,827,339.61 | 3.09% |
1989 | $2,968,846.69 | 5.00% |
1990 | $3,135,773.02 | 5.62% |
1991 | $3,222,038.30 | 2.75% |
1992 | $3,292,491.62 | 2.19% |
1993 | $3,391,966.89 | 3.02% |
1994 | $3,494,444.44 | 3.02% |
1995 | $3,619,539.11 | 3.58% |
1996 | $3,721,616.36 | 2.82% |
1997 | $3,754,040.90 | 0.87% |
1998 | $3,683,187.28 | -1.89% |
1999 | $3,757,243.32 | 2.01% |
2000 | $3,989,619.17 | 6.18% |
2001 | $4,013,637.35 | 0.60% |
2002 | $3,977,409.93 | -0.90% |
2003 | $4,099,702.48 | 3.07% |
2004 | $4,243,811.53 | 3.52% |
2005 | $4,525,024.34 | 6.63% |
2006 | $4,705,961.27 | 4.00% |
2007 | $4,805,358.49 | 2.11% |
2008 | $5,088,132.48 | 5.88% |
2009 | $4,664,091.58 | -8.33% |
2010 | $5,032,102.08 | 7.89% |
2011 | $5,525,697.61 | 9.81% |
2012 | $5,655,051.50 | 2.34% |
2013 | $5,656,982.96 | 0.03% |
2014 | $5,618,671.97 | -0.68% |
2015 | $5,179,651.74 | -7.81% |
2016 | $5,071,071.57 | -2.10% |
2017 | $5,244,660.93 | 3.42% |
2018 | $5,481,400.09 | 4.51% |
2019 | $5,465,910.36 | -0.28% |
2020 | $5,238,654.39 | -4.16% |
2021 | $6,001,623.77 | 14.56% |
2022 | $6,929,820.19 | 15.47% |
2023 | $6,946,694.96 | 0.24% |
2024 | $7,011,786.22 | 0.94%* |
* 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 | 269.480 |