According to the U.S. Bureau of Labor Statistics, prices for transportation are 833.59% higher in 2024 versus 1958 (a $25,007,606.88 difference in value).
Between 1958 and 2024: Transportation experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, transportation costing $3,000,000 in the year 1958 would cost $28,007,606.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for transportation was lower.
In the year 1958: Pricing changed by 3.31%, which is below the average yearly change for transportation during the 1958-2024 time period. Compared to inflation for all items in 1958 (2.74%), inflation for transportation was higher.
Below are calculations of equivalent buying power for Transportation, over time, for $3,000,000 beginning in 1958. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1958 | $3,000,000.00 | 3.31% |
1959 | $3,124,226.94 | 4.14% |
1960 | $3,123,420.27 | -0.03% |
1961 | $3,158,913.69 | 1.14% |
1962 | $3,225,060.50 | 2.09% |
1963 | $3,242,807.21 | 0.55% |
1964 | $3,291,207.31 | 1.49% |
1965 | $3,345,254.10 | 1.64% |
1966 | $3,392,847.54 | 1.42% |
1967 | $3,489,647.75 | 2.85% |
1968 | $3,600,968.00 | 3.19% |
1969 | $3,739,714.98 | 3.85% |
1970 | $3,931,702.07 | 5.13% |
1971 | $4,138,209.20 | 5.25% |
1972 | $4,186,609.30 | 1.17% |
1973 | $4,318,902.93 | 3.16% |
1974 | $4,802,904.01 | 11.21% |
1975 | $5,253,831.68 | 9.39% |
1976 | $5,776,552.84 | 9.95% |
1977 | $6,183,920.41 | 7.05% |
1978 | $6,473,514.39 | 4.68% |
1979 | $7,396,343.10 | 14.26% |
1980 | $8,713,632.70 | 17.81% |
1981 | $9,768,755.04 | 12.11% |
1982 | $10,171,282.60 | 4.12% |
1983 | $10,414,089.81 | 2.39% |
1984 | $10,876,310.84 | 4.44% |
1985 | $11,163,484.81 | 2.64% |
1986 | $10,729,497.18 | -3.89% |
1987 | $11,053,777.90 | 3.02% |
1988 | $11,394,998.66 | 3.09% |
1989 | $11,965,313.26 | 5.00% |
1990 | $12,638,074.75 | 5.62% |
1991 | $12,985,748.86 | 2.75% |
1992 | $13,269,696.15 | 2.19% |
1993 | $13,670,610.38 | 3.02% |
1994 | $14,083,624.63 | 3.02% |
1995 | $14,587,792.42 | 3.58% |
1996 | $14,999,193.33 | 2.82% |
1997 | $15,129,873.62 | 0.87% |
1998 | $14,844,312.99 | -1.89% |
1999 | $15,142,780.32 | 2.01% |
2000 | $16,079,322.40 | 6.18% |
2001 | $16,176,122.61 | 0.60% |
2002 | $16,030,115.62 | -0.90% |
2003 | $16,522,990.05 | 3.07% |
2004 | $17,103,791.34 | 3.52% |
2005 | $18,237,160.53 | 6.63% |
2006 | $18,966,388.81 | 4.00% |
2007 | $19,366,988.44 | 2.11% |
2008 | $20,506,649.64 | 5.88% |
2009 | $18,797,641.84 | -8.33% |
2010 | $20,280,830.87 | 7.89% |
2011 | $22,270,164.02 | 9.81% |
2012 | $22,791,497.71 | 2.34% |
2013 | $22,799,282.07 | 0.03% |
2014 | $22,644,877.66 | -0.68% |
2015 | $20,875,498.79 | -7.81% |
2016 | $20,437,889.22 | -2.10% |
2017 | $21,137,504.71 | 3.42% |
2018 | $22,091,632.16 | 4.51% |
2019 | $22,029,204.09 | -0.28% |
2020 | $21,113,296.59 | -4.16% |
2021 | $24,188,284.49 | 14.56% |
2022 | $27,929,185.26 | 15.47% |
2023 | $27,997,195.48 | 0.24% |
2024 | $28,007,606.88 | 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 |