According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,778.18% higher in 2024 versus 1940 (a $12,924,839,547.32 difference in value).
Between 1940 and 2024: Transportation experienced an average inflation rate of 3.55% per year. This rate of change indicates significant inflation. In other words, transportation costing $726,856,420 in the year 1940 would cost $13,651,695,967.32 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 $726,856,420 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 | $726,856,420.00 | -0.56% |
1941 | $754,458,562.53 | 3.80% |
1942 | $818,863,561.77 | 8.54% |
1943 | $813,752,053.90 | -0.62% |
1944 | $812,729,752.32 | -0.13% |
1945 | $812,729,752.32 | 0.00% ** |
1946 | $861,800,227.93 | 6.04% |
1947 | $943,269,799.62 | 9.45% |
1948 | $1,051,791,043.76 | 11.50% |
1949 | $1,130,429,626.47 | 7.48% |
1950 | $1,159,525,902.08 | 2.57% |
1951 | $1,233,839,362.74 | 6.41% |
1952 | $1,315,230,295.85 | 6.60% |
1953 | $1,352,976,815.55 | 2.87% |
1954 | $1,333,317,169.87 | -1.45% |
1955 | $1,317,196,260.41 | -1.21% |
1956 | $1,340,787,835.23 | 1.79% |
1957 | $1,415,494,488.80 | 5.57% |
1958 | $1,462,284,445.52 | 3.31% |
1959 | $1,522,836,154.20 | 4.14% |
1960 | $1,522,442,961.29 | -0.03% |
1961 | $1,539,743,449.49 | 1.14% |
1962 | $1,571,985,268.40 | 2.09% |
1963 | $1,580,635,512.50 | 0.55% |
1964 | $1,604,227,087.31 | 1.49% |
1965 | $1,630,571,012.52 | 1.64% |
1966 | $1,653,769,394.42 | 1.42% |
1967 | $1,700,952,544.04 | 2.85% |
1968 | $1,755,213,166.11 | 3.19% |
1969 | $1,822,842,347.25 | 3.85% |
1970 | $1,916,422,260.67 | 5.13% |
1971 | $2,017,079,646.54 | 5.25% |
1972 | $2,040,671,221.36 | 1.17% |
1973 | $2,105,154,859.18 | 3.16% |
1974 | $2,341,070,607.31 | 11.21% |
1975 | $2,560,865,445.99 | 9.39% |
1976 | $2,815,654,453.98 | 9.95% |
1977 | $3,014,216,875.32 | 7.05% |
1978 | $3,155,373,131.29 | 4.68% |
1979 | $3,605,185,824.40 | 14.26% |
1980 | $4,247,269,852.23 | 17.81% |
1981 | $4,761,566,183.17 | 12.11% |
1982 | $4,957,769,447.03 | 4.12% |
1983 | $5,076,120,514.01 | 2.39% |
1984 | $5,301,420,053.48 | 4.44% |
1985 | $5,441,396,730.70 | 2.64% |
1986 | $5,229,858,943.21 | -3.89% |
1987 | $5,387,922,494.46 | 3.02% |
1988 | $5,554,243,096.89 | 3.09% |
1989 | $5,832,230,486.78 | 5.00% |
1990 | $6,160,153,376.69 | 5.62% |
1991 | $6,329,619,522.43 | 2.75% |
1992 | $6,468,023,428.00 | 2.19% |
1993 | $6,663,440,306.04 | 3.02% |
1994 | $6,864,755,077.78 | 3.02% |
1995 | $7,110,500,648.75 | 3.58% |
1996 | $7,311,029,034.66 | 2.82% |
1997 | $7,374,726,286.66 | 0.87% |
1998 | $7,235,535,995.26 | -1.89% |
1999 | $7,381,017,373.28 | 2.01% |
2000 | $7,837,514,345.92 | 6.18% |
2001 | $7,884,697,495.54 | 0.60% |
2002 | $7,813,529,578.19 | -0.90% |
2003 | $8,053,770,448.37 | 3.07% |
2004 | $8,336,869,346.13 | 3.52% |
2005 | $8,889,305,389.68 | 6.63% |
2006 | $9,244,751,783.53 | 4.00% |
2007 | $9,440,015,316.33 | 2.11% |
2008 | $9,995,518,264.61 | 5.88% |
2009 | $9,162,499,757.95 | -8.33% |
2010 | $9,885,447,840.39 | 7.89% |
2011 | $10,855,104,816.44 | 9.81% |
2012 | $11,109,217,532.61 | 2.34% |
2013 | $11,113,011,844.22 | 0.03% |
2014 | $11,037,750,788.64 | -0.68% |
2015 | $10,175,305,724.33 | -7.81% |
2016 | $9,962,002,500.66 | -2.10% |
2017 | $10,303,014,782.65 | 3.42% |
2018 | $10,768,083,360.81 | 4.51% |
2019 | $10,737,654,161.23 | -0.28% |
2020 | $10,291,215,063.32 | -4.16% |
2021 | $11,790,050,722.08 | 14.56% |
2022 | $13,613,471,062.91 | 15.47% |
2023 | $13,646,621,157.45 | 0.24% |
2024 | $13,651,695,967.32 | 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 |