According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 506.20% higher in 2024 versus 1975 (a $40,495,946.18 difference in value).
Between 1975 and 2024: Boston experienced an average inflation rate of 3.75% per year. This rate of change indicates significant inflation. In other words, $8,000,000 in Boston in the year 1975 would cost $48,495,946.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation in Boston was higher.
In the year 1975: Pricing changed by 9.01%, which is significantly above the average yearly change in Boston during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), inflation in Boston was lower.
Below are calculations of equivalent buying power in Boston, over time, for $8,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1975 | $8,000,000.00 | 9.01% |
1976 | $8,650,700.41 | 8.13% |
1977 | $9,091,730.68 | 5.10% |
1978 | $9,577,345.99 | 5.34% |
1979 | $10,541,346.59 | 10.07% |
1980 | $11,878,897.42 | 12.69% |
1981 | $13,228,498.27 | 11.36% |
1982 | $13,794,848.62 | 4.28% |
1983 | $14,404,579.00 | 4.42% |
1984 | $15,113,119.45 | 4.92% |
1985 | $15,783,099.86 | 4.43% |
1986 | $16,214,490.13 | 2.73% |
1987 | $16,906,160.57 | 4.27% |
1988 | $17,899,081.19 | 5.87% |
1989 | $18,942,611.84 | 5.83% |
1990 | $20,039,162.52 | 5.79% |
1991 | $20,947,733.09 | 4.53% |
1992 | $21,458,653.41 | 2.44% |
1993 | $22,097,303.81 | 2.98% |
1994 | $22,376,863.99 | 1.27% |
1995 | $22,914,294.32 | 2.40% |
1996 | $23,584,274.74 | 2.92% |
1997 | $24,263,895.16 | 2.88% |
1998 | $24,810,965.51 | 2.25% |
1999 | $25,411,055.88 | 2.42% |
2000 | $26,500,376.56 | 4.29% |
2001 | $27,674,047.30 | 4.43% |
2002 | $28,380,177.74 | 2.55% |
2003 | $29,430,938.39 | 3.70% |
2004 | $30,274,438.92 | 2.87% |
2005 | $31,233,619.52 | 3.17% |
2006 | $32,231,360.14 | 3.19% |
2007 | $32,838,053.92 | 1.88% |
2008 | $34,042,211.18 | 3.67% |
2009 | $33,765,446.60 | -0.81% |
2010 | $34,319,481.85 | 1.64% |
2011 | $35,228,703.12 | 2.65% |
2012 | $35,797,728.57 | 1.62% |
2013 | $36,295,658.98 | 1.39% |
2014 | $36,891,098.06 | 1.64% |
2015 | $37,125,036.90 | 0.63% |
2016 | $37,636,800.72 | 1.38% |
2017 | $38,596,800.72 | 2.55% |
2018 | $39,841,783.40 | 3.23% |
2019 | $40,641,735.20 | 2.01% |
2020 | $41,079,270.97 | 1.08% |
2021 | $42,349,510.47 | 3.09% |
2022 | $45,401,198.98 | 7.21% |
2023 | $47,098,876.34 | 3.74% |
2024 | $48,495,946.18 | 2.97%* |
* 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 Boston, Massachusetts:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 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 | 10.500 | 10.517 | 10.817 | 12.275 | 14.458 | 17.533 | 20.558 | 18.717 | 17.058 | 17.317 | 17.433 | 17.625 | 18.275 | 18.083 | 17.733 | 17.650 | 17.525 | 16.167 | 14.575 | 13.608 | 14.033 | 14.325 | 14.408 | 14.733 | 14.358 | 14.142 | 14.275 | 14.908 | 16.500 | 17.367 | 17.558 | 17.917 | 19.383 | 22.067 | 23.883 | 23.592 | 23.900 | 25.500 | 26.058 | 26.125 | 26.225 | 26.350 | 27.075 | 28.025 | 28.925 | 29.150 | 29.700 | 30.150 | 30.800 | 31.425 | 31.850 | 32.450 | 33.450 | 34.325 | 35.675 | 37.650 | 39.950 | 42.075 | 43.575 | 46.000 | 50.750 | 55.325 | 59.825 | 62.875 | 66.233 | 72.900 | 82.150 | 91.483 | 95.400 | 99.617 | 104.517 | 109.150 | 112.133 | 116.917 | 123.783 | 131.000 | 138.583 | 144.867 | 148.400 | 152.817 | 154.750 | 158.467 | 163.100 | 167.800 | 171.583 | 175.733 | 183.267 | 191.383 | 196.267 | 203.533 | 209.367 | 216.000 | 222.900 | 227.096 | 235.423 | 233.509 | 237.341 | 243.629 | 247.564 | 251.007 | 255.125 | 256.743 | 260.282 | 266.921 | 275.531 | 281.063 | 284.089 | 292.873 | 313.978 | 325.718 | 335.380 |