According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,522.69% higher in 2024 versus 1929 (a $1,522,690,147.55 difference in value).
Between 1929 and 2024: Detroit experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, $100,000,000 in Detroit in the year 1929 would cost $1,622,690,147.55 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation in Detroit was lower.
In the year 1929: Pricing changed by -0.10%, which is significantly below the average yearly change in Detroit during the 1929-2024 time period. Compared to inflation for all items in 1929 (0%), inflation in Detroit was lower.
Below are calculations of equivalent buying power in Detroit, over time, for $100,000,000 beginning in 1929. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1929 | $100,000,000.00 | -0.10% |
1930 | $98,334,126.61 | -1.67% |
1931 | $86,720,609.23 | -11.81% |
1932 | $75,678,248.45 | -12.73% |
1933 | $68,062,827.23 | -10.06% |
1934 | $71,918,134.22 | 5.66% |
1935 | $75,773,441.22 | 5.36% |
1936 | $78,962,398.86 | 4.21% |
1937 | $83,436,458.83 | 5.67% |
1938 | $83,008,091.39 | -0.51% |
1939 | $80,152,308.42 | -3.44% |
1940 | $80,628,272.25 | 0.59% |
1941 | $85,673,488.81 | 6.26% |
1942 | $95,145,168.97 | 11.06% |
1943 | $100,333,174.68 | 5.45% |
1944 | $101,665,873.39 | 1.33% |
1945 | $104,378,867.21 | 2.67% |
1946 | $113,469,776.30 | 8.71% |
1947 | $129,319,371.73 | 13.97% |
1948 | $139,742,979.53 | 8.06% |
1949 | $137,934,316.99 | -1.29% |
1950 | $140,218,943.36 | 1.66% |
1951 | $151,213,707.76 | 7.84% |
1952 | $155,021,418.37 | 2.52% |
1953 | $157,782,008.57 | 1.78% |
1954 | $158,353,165.16 | 0.36% |
1955 | $158,067,586.86 | -0.18% |
1956 | $161,018,562.59 | 1.87% |
1957 | $165,730,604.47 | 2.93% |
1958 | $168,015,230.84 | 1.38% |
1959 | $167,967,634.46 | -0.03% |
1960 | $169,347,929.56 | 0.82% |
1961 | $170,299,857.21 | 0.56% |
1962 | $170,823,417.42 | 0.31% |
1963 | $172,489,290.81 | 0.98% |
1964 | $173,917,182.29 | 0.83% |
1965 | $177,915,278.44 | 2.30% |
1966 | $185,816,277.96 | 4.44% |
1967 | $192,051,404.09 | 3.36% |
1968 | $200,333,174.68 | 4.31% |
1969 | $212,517,848.64 | 6.08% |
1970 | $225,654,450.26 | 6.18% |
1971 | $233,888,624.46 | 3.65% |
1972 | $242,551,166.11 | 3.70% |
1973 | $258,353,165.16 | 6.51% |
1974 | $286,339,838.17 | 10.83% |
1975 | $307,663,017.61 | 7.45% |
1976 | $324,369,347.93 | 5.43% |
1977 | $346,644,455.02 | 6.87% |
1978 | $372,965,254.64 | 7.59% |
1979 | $420,371,251.78 | 12.71% |
1980 | $487,196,573.06 | 15.90% |
1981 | $532,413,136.60 | 9.28% |
1982 | $553,974,297.95 | 4.05% |
1983 | $569,776,297.00 | 2.85% |
1984 | $589,719,181.34 | 3.50% |
1985 | $610,233,222.28 | 3.48% |
1986 | $618,752,974.77 | 1.40% |
1987 | $637,505,949.55 | 3.03% |
1988 | $661,732,508.33 | 3.80% |
1989 | $696,858,638.74 | 5.31% |
1990 | $732,698,714.90 | 5.14% |
1991 | $759,447,881.96 | 3.65% |
1992 | $775,392,670.16 | 2.10% |
1993 | $796,335,078.53 | 2.70% |
1994 | $821,465,968.59 | 3.16% |
1995 | $847,405,997.14 | 3.16% |
1996 | $870,347,453.59 | 2.71% |
1997 | $891,861,018.56 | 2.47% |
1998 | $911,613,517.37 | 2.21% |
1999 | $935,364,112.33 | 2.61% |
2000 | $968,253,212.76 | 3.52% |
2001 | $995,716,325.56 | 2.84% |
2002 | $1,020,561,637.32 | 2.50% |
2003 | $1,042,170,395.05 | 2.12% |
2004 | $1,058,162,779.63 | 1.53% |
2005 | $1,088,386,482.63 | 2.86% |
2006 | $1,121,751,546.88 | 3.07% |
2007 | $1,142,153,736.32 | 1.82% |
2008 | $1,169,985,721.09 | 2.44% |
2009 | $1,160,885,768.68 | -0.78% |
2010 | $1,170,763,445.98 | 0.85% |
2011 | $1,207,796,763.45 | 3.16% |
2012 | $1,233,444,074.25 | 2.12% |
2013 | $1,253,195,621.13 | 1.60% |
2014 | $1,266,773,917.18 | 1.08% |
2015 | $1,250,076,630.18 | -1.32% |
2016 | $1,268,329,842.93 | 1.46% |
2017 | $1,294,118,039.03 | 2.03% |
2018 | $1,325,913,850.55 | 2.46% |
2019 | $1,343,464,064.73 | 1.32% |
2020 | $1,357,144,693.00 | 1.02% |
2021 | $1,413,273,203.24 | 4.14% |
2022 | $1,529,266,539.74 | 8.21% |
2023 | $1,612,490,242.74 | 5.44% |
2024 | $1,622,690,147.55 | 0.63%* |
* 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 Detroit, Michigan:
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 | 9.700 | 9.733 | 10.233 | 11.917 | 14.525 | 17.642 | 21.508 | 19.517 | 17.442 | 17.958 | 18.050 | 18.158 | 18.467 | 18.158 | 17.525 | 17.508 | 17.217 | 15.183 | 13.250 | 11.917 | 12.592 | 13.267 | 13.825 | 14.608 | 14.533 | 14.033 | 14.117 | 15.000 | 16.658 | 17.567 | 17.800 | 18.275 | 19.867 | 22.642 | 24.467 | 24.150 | 24.550 | 26.475 | 27.142 | 27.625 | 27.725 | 27.675 | 28.192 | 29.017 | 29.417 | 29.408 | 29.650 | 29.817 | 29.908 | 30.200 | 30.450 | 31.150 | 32.533 | 33.625 | 35.075 | 37.208 | 39.508 | 40.950 | 42.467 | 45.233 | 50.133 | 53.867 | 56.792 | 60.692 | 65.300 | 73.600 | 85.300 | 93.217 | 96.992 | 99.758 | 103.250 | 106.842 | 108.333 | 111.617 | 115.858 | 122.008 | 128.283 | 132.967 | 135.758 | 139.425 | 143.825 | 148.367 | 152.383 | 156.150 | 159.608 | 163.767 | 169.525 | 174.333 | 178.683 | 182.467 | 185.267 | 190.558 | 196.400 | 199.972 | 204.845 | 203.252 | 204.981 | 211.465 | 215.956 | 219.414 | 221.791 | 218.868 | 222.063 | 226.578 | 232.145 | 235.218 | 237.613 | 247.441 | 267.749 | 282.320 | 284.106 |