According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,778.18% higher in 2024 versus 1940 (a $17,248.38 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 $970 in the year 1940 would cost $18,218.38 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 $970 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 | $970.00 | -0.56% |
1941 | $1,006.84 | 3.80% |
1942 | $1,092.78 | 8.54% |
1943 | $1,085.96 | -0.62% |
1944 | $1,084.60 | -0.13% |
1945 | $1,084.60 | 0.00% ** |
1946 | $1,150.08 | 6.04% |
1947 | $1,258.81 | 9.45% |
1948 | $1,403.63 | 11.50% |
1949 | $1,508.57 | 7.48% |
1950 | $1,547.40 | 2.57% |
1951 | $1,646.58 | 6.41% |
1952 | $1,755.19 | 6.60% |
1953 | $1,805.57 | 2.87% |
1954 | $1,779.33 | -1.45% |
1955 | $1,757.82 | -1.21% |
1956 | $1,789.30 | 1.79% |
1957 | $1,889.00 | 5.57% |
1958 | $1,951.44 | 3.31% |
1959 | $2,032.25 | 4.14% |
1960 | $2,031.72 | -0.03% |
1961 | $2,054.81 | 1.14% |
1962 | $2,097.84 | 2.09% |
1963 | $2,109.38 | 0.55% |
1964 | $2,140.86 | 1.49% |
1965 | $2,176.02 | 1.64% |
1966 | $2,206.98 | 1.42% |
1967 | $2,269.94 | 2.85% |
1968 | $2,342.36 | 3.19% |
1969 | $2,432.61 | 3.85% |
1970 | $2,557.49 | 5.13% |
1971 | $2,691.82 | 5.25% |
1972 | $2,723.30 | 1.17% |
1973 | $2,809.36 | 3.16% |
1974 | $3,124.19 | 11.21% |
1975 | $3,417.51 | 9.39% |
1976 | $3,757.53 | 9.95% |
1977 | $4,022.51 | 7.05% |
1978 | $4,210.89 | 4.68% |
1979 | $4,811.17 | 14.26% |
1980 | $5,668.04 | 17.81% |
1981 | $6,354.38 | 12.11% |
1982 | $6,616.21 | 4.12% |
1983 | $6,774.15 | 2.39% |
1984 | $7,074.82 | 4.44% |
1985 | $7,261.62 | 2.64% |
1986 | $6,979.32 | -3.89% |
1987 | $7,190.26 | 3.02% |
1988 | $7,412.21 | 3.09% |
1989 | $7,783.19 | 5.00% |
1990 | $8,220.81 | 5.62% |
1991 | $8,446.97 | 2.75% |
1992 | $8,631.67 | 2.19% |
1993 | $8,892.45 | 3.02% |
1994 | $9,161.11 | 3.02% |
1995 | $9,489.06 | 3.58% |
1996 | $9,756.67 | 2.82% |
1997 | $9,841.67 | 0.87% |
1998 | $9,655.92 | -1.89% |
1999 | $9,850.07 | 2.01% |
2000 | $10,459.27 | 6.18% |
2001 | $10,522.24 | 0.60% |
2002 | $10,427.26 | -0.90% |
2003 | $10,747.87 | 3.07% |
2004 | $11,125.67 | 3.52% |
2005 | $11,862.90 | 6.63% |
2006 | $12,337.25 | 4.00% |
2007 | $12,597.83 | 2.11% |
2008 | $13,339.16 | 5.88% |
2009 | $12,227.48 | -8.33% |
2010 | $13,192.27 | 7.89% |
2011 | $14,486.29 | 9.81% |
2012 | $14,825.41 | 2.34% |
2013 | $14,830.47 | 0.03% |
2014 | $14,730.03 | -0.68% |
2015 | $13,579.09 | -7.81% |
2016 | $13,294.43 | -2.10% |
2017 | $13,749.52 | 3.42% |
2018 | $14,370.16 | 4.51% |
2019 | $14,329.55 | -0.28% |
2020 | $13,733.77 | -4.16% |
2021 | $15,733.99 | 14.56% |
2022 | $18,167.37 | 15.47% |
2023 | $18,211.61 | 0.24% |
2024 | $18,218.38 | 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 |