According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,805.12% higher in 2024 versus 1940 (a $102,892.05 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 $5,700 in the year 1940 would cost $108,592.05 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 $5,700 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 | $5,700.00 | -0.56% |
1941 | $5,916.46 | 3.80% |
1942 | $6,421.52 | 8.54% |
1943 | $6,381.43 | -0.62% |
1944 | $6,373.42 | -0.13% |
1945 | $6,373.42 | 0.00% ** |
1946 | $6,758.23 | 6.04% |
1947 | $7,397.11 | 9.45% |
1948 | $8,248.13 | 11.50% |
1949 | $8,864.82 | 7.48% |
1950 | $9,092.99 | 2.57% |
1951 | $9,675.75 | 6.41% |
1952 | $10,314.02 | 6.60% |
1953 | $10,610.03 | 2.87% |
1954 | $10,455.86 | -1.45% |
1955 | $10,329.44 | -1.21% |
1956 | $10,514.44 | 1.79% |
1957 | $11,100.29 | 5.57% |
1958 | $11,467.22 | 3.31% |
1959 | $11,942.06 | 4.14% |
1960 | $11,938.98 | -0.03% |
1961 | $12,074.65 | 1.14% |
1962 | $12,327.49 | 2.09% |
1963 | $12,395.33 | 0.55% |
1964 | $12,580.33 | 1.49% |
1965 | $12,786.92 | 1.64% |
1966 | $12,968.84 | 1.42% |
1967 | $13,338.85 | 2.85% |
1968 | $13,764.36 | 3.19% |
1969 | $14,294.71 | 3.85% |
1970 | $15,028.56 | 5.13% |
1971 | $15,817.92 | 5.25% |
1972 | $16,002.92 | 1.17% |
1973 | $16,508.60 | 3.16% |
1974 | $18,358.65 | 11.21% |
1975 | $20,082.28 | 9.39% |
1976 | $22,080.33 | 9.95% |
1977 | $23,637.46 | 7.05% |
1978 | $24,744.40 | 4.68% |
1979 | $28,271.83 | 14.26% |
1980 | $33,307.04 | 17.81% |
1981 | $37,340.15 | 12.11% |
1982 | $38,878.77 | 4.12% |
1983 | $39,806.88 | 2.39% |
1984 | $41,573.68 | 4.44% |
1985 | $42,671.37 | 2.64% |
1986 | $41,012.50 | -3.89% |
1987 | $42,252.03 | 3.02% |
1988 | $43,556.31 | 3.09% |
1989 | $45,736.29 | 5.00% |
1990 | $48,307.85 | 5.62% |
1991 | $49,636.81 | 2.75% |
1992 | $50,722.17 | 2.19% |
1993 | $52,254.63 | 3.02% |
1994 | $53,833.33 | 3.02% |
1995 | $55,760.47 | 3.58% |
1996 | $57,333.01 | 2.82% |
1997 | $57,832.52 | 0.87% |
1998 | $56,740.99 | -1.89% |
1999 | $57,881.86 | 2.01% |
2000 | $61,461.70 | 6.18% |
2001 | $61,831.71 | 0.60% |
2002 | $61,273.61 | -0.90% |
2003 | $63,157.58 | 3.07% |
2004 | $65,377.64 | 3.52% |
2005 | $69,709.83 | 6.63% |
2006 | $72,497.24 | 4.00% |
2007 | $74,028.50 | 2.11% |
2008 | $78,384.74 | 5.88% |
2009 | $71,852.22 | -8.33% |
2010 | $77,521.57 | 7.89% |
2011 | $85,125.61 | 9.81% |
2012 | $87,118.36 | 2.34% |
2013 | $87,148.12 | 0.03% |
2014 | $86,557.92 | -0.68% |
2015 | $79,794.63 | -7.81% |
2016 | $78,121.91 | -2.10% |
2017 | $80,796.13 | 3.42% |
2018 | $84,443.19 | 4.51% |
2019 | $84,204.57 | -0.28% |
2020 | $80,703.59 | -4.16% |
2021 | $92,457.45 | 14.56% |
2022 | $106,756.69 | 15.47% |
2023 | $107,016.65 | 0.24% |
2024 | $108,592.05 | 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 |