According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,795.08% higher in 2024 versus 1940 (a $12,565,541.49 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 $700,000 in the year 1940 would cost $13,265,541.49 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 $700,000 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 | $700,000.00 | -0.56% |
1941 | $726,582.28 | 3.80% |
1942 | $788,607.59 | 8.54% |
1943 | $783,684.95 | -0.62% |
1944 | $782,700.42 | -0.13% |
1945 | $782,700.42 | 0.00% ** |
1946 | $829,957.81 | 6.04% |
1947 | $908,417.18 | 9.45% |
1948 | $1,012,928.70 | 11.50% |
1949 | $1,088,661.69 | 7.48% |
1950 | $1,116,682.90 | 2.57% |
1951 | $1,188,250.57 | 6.41% |
1952 | $1,266,634.21 | 6.60% |
1953 | $1,302,986.04 | 2.87% |
1954 | $1,284,052.80 | -1.45% |
1955 | $1,268,527.53 | -1.21% |
1956 | $1,291,247.43 | 1.79% |
1957 | $1,363,193.77 | 5.57% |
1958 | $1,408,254.90 | 3.31% |
1959 | $1,466,569.30 | 4.14% |
1960 | $1,466,190.63 | -0.03% |
1961 | $1,482,851.89 | 1.14% |
1962 | $1,513,902.41 | 2.09% |
1963 | $1,522,233.04 | 0.55% |
1964 | $1,544,952.94 | 1.49% |
1965 | $1,570,323.49 | 1.64% |
1966 | $1,592,664.72 | 1.42% |
1967 | $1,638,104.51 | 2.85% |
1968 | $1,690,360.27 | 3.19% |
1969 | $1,755,490.64 | 3.85% |
1970 | $1,845,612.90 | 5.13% |
1971 | $1,942,551.12 | 5.25% |
1972 | $1,965,271.02 | 1.17% |
1973 | $2,027,372.07 | 3.16% |
1974 | $2,254,571.03 | 11.21% |
1975 | $2,466,244.73 | 9.39% |
1976 | $2,711,619.60 | 9.95% |
1977 | $2,902,845.40 | 7.05% |
1978 | $3,038,786.11 | 4.68% |
1979 | $3,471,978.79 | 14.26% |
1980 | $4,090,338.63 | 17.81% |
1981 | $4,585,632.37 | 12.11% |
1982 | $4,774,586.17 | 4.12% |
1983 | $4,888,564.32 | 2.39% |
1984 | $5,105,539.33 | 4.44% |
1985 | $5,240,344.04 | 2.64% |
1986 | $5,036,622.31 | -3.89% |
1987 | $5,188,845.61 | 3.02% |
1988 | $5,349,020.88 | 3.09% |
1989 | $5,616,736.99 | 5.00% |
1990 | $5,932,543.55 | 5.62% |
1991 | $6,095,748.13 | 2.75% |
1992 | $6,229,038.19 | 2.19% |
1993 | $6,417,234.66 | 3.02% |
1994 | $6,611,111.11 | 3.02% |
1995 | $6,847,776.70 | 3.58% |
1996 | $7,040,895.81 | 2.82% |
1997 | $7,102,239.53 | 0.87% |
1998 | $6,968,192.15 | -1.89% |
1999 | $7,108,298.17 | 2.01% |
2000 | $7,547,928.16 | 6.18% |
2001 | $7,593,367.95 | 0.60% |
2002 | $7,524,829.60 | -0.90% |
2003 | $7,756,193.88 | 3.07% |
2004 | $8,028,832.63 | 3.52% |
2005 | $8,560,856.86 | 6.63% |
2006 | $8,903,169.97 | 4.00% |
2007 | $9,091,218.76 | 2.11% |
2008 | $9,626,196.58 | 5.88% |
2009 | $8,823,957.05 | -8.33% |
2010 | $9,520,193.12 | 7.89% |
2011 | $10,454,022.50 | 9.81% |
2012 | $10,698,746.08 | 2.34% |
2013 | $10,702,400.19 | 0.03% |
2014 | $10,629,919.94 | -0.68% |
2015 | $9,799,341.12 | -7.81% |
2016 | $9,593,919.18 | -2.10% |
2017 | $9,922,331.49 | 3.42% |
2018 | $10,370,216.38 | 4.51% |
2019 | $10,340,911.50 | -0.28% |
2020 | $9,910,967.76 | -4.16% |
2021 | $11,354,423.35 | 14.56% |
2022 | $13,110,470.63 | 15.47% |
2023 | $13,142,395.87 | 0.24% |
2024 | $13,265,541.49 | 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 |