According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 1,260.53% higher in 2024 versus 1970 (a $5,949,719,067.36 difference in value).
Between 1970 and 2024: Other goods and services experienced an average inflation rate of 4.95% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $472,000,000 in the year 1970 would cost $6,421,719,067.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for other goods and services was higher.
In the year 1970: Pricing changed by 5.80%, which is above the average yearly change for other goods and services during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $472,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $472,000,000.00 | 5.80% |
| 1971 | $494,345,294.01 | 4.73% |
| 1972 | $515,360,510.99 | 4.25% |
| 1973 | $535,311,666.35 | 3.87% |
| 1974 | $573,883,900.06 | 7.21% |
| 1975 | $621,589,329.33 | 8.31% |
| 1976 | $657,412,737.18 | 5.76% |
| 1977 | $695,984,970.88 | 5.87% |
| 1978 | $740,498,215.29 | 6.40% |
| 1979 | $794,676,686.08 | 7.32% |
| 1980 | $866,589,517.19 | 9.05% |
| 1981 | $952,601,164.76 | 9.93% |
| 1982 | $1,050,494,833.74 | 10.28% |
| 1983 | $1,164,792,786.02 | 10.88% |
| 1984 | $1,243,089,986.85 | 6.72% |
| 1985 | $1,319,613,751.64 | 6.16% |
| 1986 | $1,399,507,044.90 | 6.05% |
| 1987 | $1,480,996,430.58 | 5.82% |
| 1988 | $1,579,688,145.78 | 6.66% |
| 1989 | $1,702,321,247.42 | 7.76% |
| 1990 | $1,832,491,452.19 | 7.65% |
| 1991 | $1,978,090,550.44 | 7.95% |
| 1992 | $2,112,517,001.69 | 6.80% |
| 1993 | $2,223,622,769.12 | 5.26% |
| 1994 | $2,288,441,856.10 | 2.92% |
| 1995 | $2,384,473,417.25 | 4.20% |
| 1996 | $2,483,076,460.64 | 4.14% |
| 1997 | $2,591,433,402.22 | 4.36% |
| 1998 | $2,740,490,700.73 | 5.75% |
| 1999 | $2,977,155,739.24 | 8.64% |
| 2000 | $3,124,705,617.13 | 4.96% |
| 2001 | $3,257,979,334.96 | 4.27% |
| 2002 | $3,380,257,749.39 | 3.75% |
| 2003 | $3,443,480,743.94 | 1.87% |
| 2004 | $3,512,733,421.00 | 2.01% |
| 2005 | $3,612,134,510.61 | 2.83% |
| 2006 | $3,708,432,087.17 | 2.67% |
| 2007 | $3,842,386,804.43 | 3.61% |
| 2008 | $3,981,325,763.67 | 3.62% |
| 2009 | $4,248,810,460.27 | 6.72% |
| 2010 | $4,395,273,221.87 | 3.45% |
| 2011 | $4,463,664,895.74 | 1.56% |
| 2012 | $4,546,320,315.61 | 1.85% |
| 2013 | $4,622,480,526.02 | 1.68% |
| 2014 | $4,704,272,282.55 | 1.77% |
| 2015 | $4,782,662,588.77 | 1.67% |
| 2016 | $4,876,900,319.37 | 1.97% |
| 2017 | $4,986,541,228.63 | 2.25% |
| 2018 | $5,098,695,983.47 | 2.25% |
| 2019 | $5,202,089,964.31 | 2.03% |
| 2020 | $5,330,263,280.11 | 2.46% |
| 2021 | $5,496,567,244.04 | 3.12% |
| 2022 | $5,837,408,348.68 | 6.20% |
| 2023 | $6,193,219,026.86 | 6.10% |
| 2024 | $6,421,719,067.36 | 3.69%* |
* 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 Other goods and services:
| Year | 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 | 35.054 | 36.885 | 38.700 | 40.946 | 42.885 | 44.708 | 46.438 | 49.785 | 53.923 | 57.031 | 60.377 | 64.238 | 68.938 | 75.177 | 82.638 | 91.131 | 101.046 | 107.838 | 114.477 | 121.408 | 128.477 | 137.038 | 147.677 | 158.969 | 171.600 | 183.262 | 192.900 | 198.523 | 206.854 | 215.408 | 224.808 | 237.738 | 258.269 | 271.069 | 282.631 | 293.238 | 298.723 | 304.731 | 313.354 | 321.708 | 333.328 | 345.381 | 368.586 | 381.291 | 387.224 | 394.395 | 401.002 | 408.097 | 414.898 | 423.073 | 432.584 | 442.314 | 451.283 | 462.402 | 476.829 | 506.397 | 537.264 | 557.086 |