According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,605.49% higher in 2024 versus 1942 (a $80,274,437,218,609.30 difference in value).
Between 1942 and 2024: Detroit experienced an average inflation rate of 3.52% per year. This rate of change indicates significant inflation. In other words, $5,000,000,000,000 in Detroit in the year 1942 would cost $85,274,437,218,609.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation in Detroit was lower.
In the year 1942: Pricing changed by 11.06%, which is significantly above the average yearly change in Detroit during the 1942-2024 time period. Compared to inflation for all items in 1942 (10.92%), inflation in Detroit was higher.
Below are calculations of equivalent buying power in Detroit, over time, for $5,000,000,000,000 beginning in 1942. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1942 | $5,000,000,000,000.00 | 11.06% |
1943 | $5,272,636,318,159.08 | 5.45% |
1944 | $5,342,671,335,667.83 | 1.33% |
1945 | $5,485,242,621,310.65 | 2.67% |
1946 | $5,962,981,490,745.37 | 8.71% |
1947 | $6,795,897,948,974.49 | 13.97% |
1948 | $7,343,671,835,917.96 | 8.06% |
1949 | $7,248,624,312,156.08 | -1.29% |
1950 | $7,368,684,342,171.09 | 1.66% |
1951 | $7,946,473,236,618.31 | 7.84% |
1952 | $8,146,573,286,643.32 | 2.52% |
1953 | $8,291,645,822,911.46 | 1.78% |
1954 | $8,321,660,830,415.21 | 0.36% |
1955 | $8,306,653,326,663.33 | -0.18% |
1956 | $8,461,730,865,432.72 | 1.87% |
1957 | $8,709,354,677,338.67 | 2.93% |
1958 | $8,829,414,707,353.68 | 1.38% |
1959 | $8,826,913,456,728.36 | -0.03% |
1960 | $8,899,449,724,862.43 | 0.82% |
1961 | $8,949,474,737,368.68 | 0.56% |
1962 | $8,976,988,494,247.12 | 0.31% |
1963 | $9,064,532,266,133.07 | 0.98% |
1964 | $9,139,569,784,892.45 | 0.83% |
1965 | $9,349,674,837,418.71 | 2.30% |
1966 | $9,764,882,441,220.61 | 4.44% |
1967 | $10,092,546,273,136.57 | 3.36% |
1968 | $10,527,763,881,940.97 | 4.31% |
1969 | $11,168,084,042,021.01 | 6.08% |
1970 | $11,858,429,214,607.30 | 6.18% |
1971 | $12,291,145,572,786.39 | 3.65% |
1972 | $12,746,373,186,593.30 | 3.70% |
1973 | $13,576,788,394,197.10 | 6.51% |
1974 | $15,047,523,761,880.94 | 10.83% |
1975 | $16,168,084,042,021.01 | 7.45% |
1976 | $17,046,023,011,505.75 | 5.43% |
1977 | $18,216,608,304,152.08 | 6.87% |
1978 | $19,599,799,899,949.97 | 7.59% |
1979 | $22,091,045,522,761.38 | 12.71% |
1980 | $25,602,801,400,700.35 | 15.90% |
1981 | $27,978,989,494,747.37 | 9.28% |
1982 | $29,112,056,028,014.01 | 4.05% |
1983 | $29,942,471,235,617.81 | 2.85% |
1984 | $30,990,495,247,623.81 | 3.50% |
1985 | $32,068,534,267,133.56 | 3.48% |
1986 | $32,516,258,129,064.53 | 1.40% |
1987 | $33,501,750,875,437.72 | 3.03% |
1988 | $34,774,887,443,721.86 | 3.80% |
1989 | $36,620,810,405,202.59 | 5.31% |
1990 | $38,504,252,126,063.02 | 5.14% |
1991 | $39,909,954,977,488.74 | 3.65% |
1992 | $40,747,873,936,968.49 | 2.10% |
1993 | $41,848,424,212,106.04 | 2.70% |
1994 | $43,169,084,542,271.14 | 3.16% |
1995 | $44,532,266,133,066.53 | 3.16% |
1996 | $45,737,868,934,467.23 | 2.71% |
1997 | $46,868,434,217,108.55 | 2.47% |
1998 | $47,906,453,226,613.30 | 2.21% |
1999 | $49,154,577,288,644.32 | 2.61% |
2000 | $50,882,941,470,735.36 | 3.52% |
2001 | $52,326,163,081,540.77 | 2.84% |
2002 | $53,631,815,907,953.96 | 2.50% |
2003 | $54,767,383,691,845.92 | 2.12% |
2004 | $55,607,803,901,950.97 | 1.53% |
2005 | $57,196,098,049,024.50 | 2.86% |
2006 | $58,949,474,737,368.68 | 3.07% |
2007 | $60,021,635,817,908.94 | 1.82% |
2008 | $61,484,242,121,060.52 | 2.44% |
2009 | $61,006,028,014,007.01 | -0.78% |
2010 | $61,525,112,556,278.13 | 0.85% |
2011 | $63,471,260,630,315.16 | 3.16% |
2012 | $64,819,059,529,764.88 | 2.12% |
2013 | $65,857,028,514,257.12 | 1.60% |
2014 | $66,570,585,292,646.32 | 1.08% |
2015 | $65,693,121,560,780.38 | -1.32% |
2016 | $66,652,351,175,587.78 | 1.46% |
2017 | $68,007,553,776,888.44 | 2.03% |
2018 | $69,678,464,232,116.05 | 2.46% |
2019 | $70,600,750,375,187.58 | 1.32% |
2020 | $71,319,684,842,421.20 | 1.02% |
2021 | $74,269,309,654,827.39 | 4.14% |
2022 | $80,364,907,453,726.84 | 8.21% |
2023 | $84,738,419,209,604.80 | 5.44% |
2024 | $85,274,437,218,609.30 | 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 |