According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,077.35% higher in 2024 versus 1950 (a $32,320,545.95 difference in value).
Between 1950 and 2024: Transportation experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, transportation costing $3,000,000 in the year 1950 would cost $35,320,545.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for transportation was lower.
In the year 1950: Pricing changed by 2.57%, which is below the average yearly change for transportation during the 1950-2024 time period. Compared to inflation for all items in 1950 (1.10%), inflation for transportation was higher.
Below are calculations of equivalent buying power for Transportation, over time, for $3,000,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1950 | $3,000,000.00 | 2.57% |
1951 | $3,192,268.57 | 6.41% |
1952 | $3,402,848.42 | 6.60% |
1953 | $3,500,508.65 | 2.87% |
1954 | $3,449,643.95 | -1.45% |
1955 | $3,407,934.89 | -1.21% |
1956 | $3,468,972.53 | 1.79% |
1957 | $3,662,258.39 | 5.57% |
1958 | $3,783,316.38 | 3.31% |
1959 | $3,939,979.65 | 4.14% |
1960 | $3,938,962.36 | -0.03% |
1961 | $3,983,723.30 | 1.14% |
1962 | $4,067,141.40 | 2.09% |
1963 | $4,089,521.87 | 0.55% |
1964 | $4,150,559.51 | 1.49% |
1965 | $4,218,718.21 | 1.64% |
1966 | $4,278,738.56 | 1.42% |
1967 | $4,400,813.84 | 2.85% |
1968 | $4,541,200.41 | 3.19% |
1969 | $4,716,174.97 | 3.85% |
1970 | $4,958,290.95 | 5.13% |
1971 | $5,218,718.21 | 5.25% |
1972 | $5,279,755.85 | 1.17% |
1973 | $5,446,592.07 | 3.16% |
1974 | $6,056,968.46 | 11.21% |
1975 | $6,625,635.81 | 9.39% |
1976 | $7,284,842.32 | 9.95% |
1977 | $7,798,575.79 | 7.05% |
1978 | $8,163,784.33 | 4.68% |
1979 | $9,327,568.67 | 14.26% |
1980 | $10,988,809.77 | 17.81% |
1981 | $12,319,430.32 | 12.11% |
1982 | $12,827,060.02 | 4.12% |
1983 | $13,133,265.51 | 2.39% |
1984 | $13,716,174.97 | 4.44% |
1985 | $14,078,331.64 | 2.64% |
1986 | $13,531,027.47 | -3.89% |
1987 | $13,939,979.65 | 3.02% |
1988 | $14,370,295.02 | 3.09% |
1989 | $15,089,521.87 | 5.00% |
1990 | $15,937,945.07 | 5.62% |
1991 | $16,376,398.78 | 2.75% |
1992 | $16,734,486.27 | 2.19% |
1993 | $17,240,081.38 | 3.02% |
1994 | $17,760,935.91 | 3.02% |
1995 | $18,396,744.66 | 3.58% |
1996 | $18,915,564.60 | 2.82% |
1997 | $19,080,366.23 | 0.87% |
1998 | $18,720,244.15 | -1.89% |
1999 | $19,096,642.93 | 2.01% |
2000 | $20,277,721.26 | 6.18% |
2001 | $20,399,796.54 | 0.60% |
2002 | $20,215,666.33 | -0.90% |
2003 | $20,837,232.96 | 3.07% |
2004 | $21,569,684.64 | 3.52% |
2005 | $22,998,982.71 | 6.63% |
2006 | $23,918,616.48 | 4.00% |
2007 | $24,423,814.85 | 2.11% |
2008 | $25,861,047.81 | 5.88% |
2009 | $23,705,808.75 | -8.33% |
2010 | $25,576,266.53 | 7.89% |
2011 | $28,085,025.43 | 9.81% |
2012 | $28,742,482.20 | 2.34% |
2013 | $28,752,299.08 | 0.03% |
2014 | $28,557,578.84 | -0.68% |
2015 | $26,326,205.49 | -7.81% |
2016 | $25,774,333.67 | -2.10% |
2017 | $26,656,622.58 | 3.42% |
2018 | $27,859,877.92 | 4.51% |
2019 | $27,781,149.54 | -0.28% |
2020 | $26,626,093.59 | -4.16% |
2021 | $30,503,977.62 | 14.56% |
2022 | $35,221,648.02 | 15.47% |
2023 | $35,307,416.07 | 0.24% |
2024 | $35,320,545.95 | 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 |