According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,077.35% higher in 2024 versus 1950 (a $3,673,768,722,730.87 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 $341,000,000,000 in the year 1950 would cost $4,014,768,722,730.87 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 $341,000,000,000 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 | $341,000,000,000.00 | 2.57% |
1951 | $362,854,526,958.29 | 6.41% |
1952 | $386,790,437,436.42 | 6.60% |
1953 | $397,891,149,542.22 | 2.87% |
1954 | $392,109,528,653.78 | -1.45% |
1955 | $387,368,599,525.26 | -1.21% |
1956 | $394,306,544,591.39 | 1.79% |
1957 | $416,276,703,967.45 | 5.57% |
1958 | $430,036,961,681.93 | 3.31% |
1959 | $447,844,354,018.31 | 4.14% |
1960 | $447,728,721,600.54 | -0.03% |
1961 | $452,816,547,982.37 | 1.14% |
1962 | $462,298,406,239.40 | 2.09% |
1963 | $464,842,319,430.32 | 0.55% |
1964 | $471,780,264,496.44 | 1.49% |
1965 | $479,527,636,486.94 | 1.64% |
1966 | $486,349,949,135.30 | 1.42% |
1967 | $500,225,839,267.55 | 2.85% |
1968 | $516,183,112,919.63 | 3.19% |
1969 | $536,071,888,775.86 | 3.85% |
1970 | $563,592,404,204.82 | 5.13% |
1971 | $593,194,303,153.61 | 5.25% |
1972 | $600,132,248,219.74 | 1.17% |
1973 | $619,095,964,733.81 | 3.16% |
1974 | $688,475,415,395.05 | 11.21% |
1975 | $753,113,936,927.77 | 9.39% |
1976 | $828,043,743,641.91 | 9.95% |
1977 | $886,438,114,615.12 | 7.05% |
1978 | $927,950,152,594.10 | 4.68% |
1979 | $1,060,233,638,521.53 | 14.26% |
1980 | $1,249,061,376,737.88 | 17.81% |
1981 | $1,400,308,579,179.38 | 12.11% |
1982 | $1,458,009,155,645.98 | 4.12% |
1983 | $1,492,814,513,394.37 | 2.39% |
1984 | $1,559,071,888,775.86 | 4.44% |
1985 | $1,600,237,029,501.53 | 2.64% |
1986 | $1,538,026,788,741.95 | -3.89% |
1987 | $1,584,511,020,684.98 | 3.02% |
1988 | $1,633,423,533,401.15 | 3.09% |
1989 | $1,715,175,652,763.65 | 5.00% |
1990 | $1,811,613,089,182.77 | 5.62% |
1991 | $1,861,450,661,241.10 | 2.75% |
1992 | $1,902,153,272,295.69 | 2.19% |
1993 | $1,959,622,583,926.76 | 3.02% |
1994 | $2,018,826,381,824.35 | 3.02% |
1995 | $2,091,096,642,929.81 | 3.58% |
1996 | $2,150,069,175,991.86 | 2.82% |
1997 | $2,168,801,627,670.40 | 0.87% |
1998 | $2,127,867,751,780.26 | -1.89% |
1999 | $2,170,651,746,354.70 | 2.01% |
2000 | $2,304,900,983,384.20 | 6.18% |
2001 | $2,318,776,873,516.45 | 0.60% |
2002 | $2,297,847,405,900.31 | -0.90% |
2003 | $2,368,498,813,157.00 | 3.07% |
2004 | $2,451,754,153,950.49 | 3.52% |
2005 | $2,614,217,700,915.57 | 6.63% |
2006 | $2,718,749,406,578.50 | 4.00% |
2007 | $2,776,173,621,566.63 | 2.11% |
2008 | $2,939,539,101,390.30 | 5.88% |
2009 | $2,694,560,261,105.46 | -8.33% |
2010 | $2,907,168,962,360.12 | 7.89% |
2011 | $3,192,331,224,143.78 | 9.81% |
2012 | $3,267,062,143,099.36 | 2.34% |
2013 | $3,268,177,995,930.83 | 0.03% |
2014 | $3,246,044,794,845.71 | -0.68% |
2015 | $2,992,412,024,415.06 | -7.81% |
2016 | $2,929,682,594,099.70 | -2.10% |
2017 | $3,029,969,433,706.34 | 3.42% |
2018 | $3,166,739,457,443.20 | 4.51% |
2019 | $3,157,790,664,632.08 | -0.28% |
2020 | $3,026,499,304,849.10 | -4.16% |
2021 | $3,467,285,456,086.81 | 14.56% |
2022 | $4,003,527,324,516.79 | 15.47% |
2023 | $4,013,276,293,658.87 | 0.24% |
2024 | $4,014,768,722,730.87 | 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 |