According to the U.S. Bureau of Labor Statistics, prices for transportation are 558.94% higher in 2024 versus 1973 (a $2,393,468,771.44 difference in value).
Between 1973 and 2024: Transportation experienced an average inflation rate of 3.77% per year. This rate of change indicates significant inflation. In other words, transportation costing $428,214,478 in the year 1973 would cost $2,821,683,249.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.90% during this same period, inflation for transportation was lower.
In the year 1973: Pricing changed by 3.16%, which is below the average yearly change for transportation during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), inflation for transportation was much lower.
Below are calculations of equivalent buying power for Transportation, over time, for $428,214,478 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1973 | $428,214,478.00 | 3.16% |
| 1974 | $476,202,652.60 | 11.21% |
| 1975 | $520,911,635.27 | 9.39% |
| 1976 | $572,738,863.83 | 9.95% |
| 1977 | $613,128,910.79 | 7.05% |
| 1978 | $641,841,835.25 | 4.68% |
| 1979 | $733,339,288.16 | 14.26% |
| 1980 | $863,947,103.35 | 17.81% |
| 1981 | $968,561,323.98 | 12.11% |
| 1982 | $1,008,471,489.19 | 4.12% |
| 1983 | $1,032,545,556.78 | 2.39% |
| 1984 | $1,078,374,263.52 | 4.44% |
| 1985 | $1,106,847,247.11 | 2.64% |
| 1986 | $1,063,817,850.56 | -3.89% |
| 1987 | $1,095,969,927.54 | 3.02% |
| 1988 | $1,129,801,590.63 | 3.09% |
| 1989 | $1,186,347,656.36 | 5.00% |
| 1990 | $1,253,051,219.06 | 5.62% |
| 1991 | $1,287,522,724.48 | 2.75% |
| 1992 | $1,315,675,786.91 | 2.19% |
| 1993 | $1,355,425,991.53 | 3.02% |
| 1994 | $1,396,375,900.52 | 3.02% |
| 1995 | $1,446,363,582.40 | 3.58% |
| 1996 | $1,487,153,530.81 | 2.82% |
| 1997 | $1,500,110,337.95 | 0.87% |
| 1998 | $1,471,797,314.93 | -1.89% |
| 1999 | $1,501,390,022.60 | 2.01% |
| 2000 | $1,594,247,140.45 | 6.18% |
| 2001 | $1,603,844,775.37 | 0.60% |
| 2002 | $1,589,368,342.70 | -0.90% |
| 2003 | $1,638,236,300.50 | 3.07% |
| 2004 | $1,695,822,110.02 | 3.52% |
| 2005 | $1,808,194,418.87 | 6.63% |
| 2006 | $1,880,496,601.93 | 4.00% |
| 2007 | $1,920,215,614.24 | 2.11% |
| 2008 | $2,033,211,769.36 | 5.88% |
| 2009 | $1,863,765,524.86 | -8.33% |
| 2010 | $2,010,822,086.70 | 7.89% |
| 2011 | $2,208,062,282.13 | 9.81% |
| 2012 | $2,259,751,944.60 | 2.34% |
| 2013 | $2,260,523,754.41 | 0.03% |
| 2014 | $2,245,214,726.91 | -0.68% |
| 2015 | $2,069,782,757.42 | -7.81% |
| 2016 | $2,026,394,249.36 | -2.10% |
| 2017 | $2,095,760,355.94 | 3.42% |
| 2018 | $2,190,361,044.13 | 4.51% |
| 2019 | $2,184,171,369.41 | -0.28% |
| 2020 | $2,093,360,147.41 | -4.16% |
| 2021 | $2,398,241,817.48 | 14.56% |
| 2022 | $2,769,148,017.57 | 15.47% |
| 2023 | $2,775,891,155.90 | 0.24% |
| 2024 | $2,821,683,249.44 | 1.65%* |
* 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 | 271.383 |