According to the U.S. Bureau of Labor Statistics, prices for other goods and services are 933.11% higher in 2024 versus 1975 (a $4,665,564.11 difference in value).
Between 1975 and 2024: Other goods and services experienced an average inflation rate of 4.88% per year. This rate of change indicates significant inflation. In other words, other goods and services costing $500,000 in the year 1975 would cost $5,165,564.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for other goods and services was higher.
In the year 1975: Pricing changed by 8.31%, which is significantly above the average yearly change for other goods and services during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), inflation for other goods and services was lower.
Below are calculations of equivalent buying power for Other goods and services, over time, for $500,000 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 | $500,000.00 | 8.31% |
| 1976 | $528,815.98 | 5.76% |
| 1977 | $559,843.08 | 5.87% |
| 1978 | $595,649.07 | 6.40% |
| 1979 | $639,229.67 | 7.32% |
| 1980 | $697,075.61 | 9.05% |
| 1981 | $766,262.48 | 9.93% |
| 1982 | $845,007.13 | 10.28% |
| 1983 | $936,947.22 | 10.88% |
| 1984 | $999,928.67 | 6.72% |
| 1985 | $1,061,483.59 | 6.16% |
| 1986 | $1,125,748.93 | 6.05% |
| 1987 | $1,191,298.15 | 5.82% |
| 1988 | $1,270,684.74 | 6.66% |
| 1989 | $1,369,329.53 | 7.76% |
| 1990 | $1,474,037.09 | 7.65% |
| 1991 | $1,591,155.49 | 7.95% |
| 1992 | $1,699,286.73 | 6.80% |
| 1993 | $1,788,659.06 | 5.26% |
| 1994 | $1,840,798.86 | 2.92% |
| 1995 | $1,918,045.65 | 4.20% |
| 1996 | $1,997,360.91 | 4.14% |
| 1997 | $2,084,522.11 | 4.36% |
| 1998 | $2,204,422.25 | 5.75% |
| 1999 | $2,394,793.15 | 8.64% |
| 2000 | $2,513,480.74 | 4.96% |
| 2001 | $2,620,684.74 | 4.27% |
| 2002 | $2,719,044.22 | 3.75% |
| 2003 | $2,769,900.14 | 1.87% |
| 2004 | $2,825,606.28 | 2.01% |
| 2005 | $2,905,563.48 | 2.83% |
| 2006 | $2,983,024.25 | 2.67% |
| 2007 | $3,090,776.03 | 3.61% |
| 2008 | $3,202,537.09 | 3.62% |
| 2009 | $3,417,699.00 | 6.72% |
| 2010 | $3,535,512.13 | 3.45% |
| 2011 | $3,590,525.68 | 1.56% |
| 2012 | $3,657,012.84 | 1.85% |
| 2013 | $3,718,275.32 | 1.68% |
| 2014 | $3,784,067.76 | 1.77% |
| 2015 | $3,847,124.11 | 1.67% |
| 2016 | $3,922,927.96 | 1.97% |
| 2017 | $4,011,121.97 | 2.25% |
| 2018 | $4,101,338.09 | 2.25% |
| 2019 | $4,184,507.13 | 2.03% |
| 2020 | $4,287,608.42 | 2.46% |
| 2021 | $4,421,381.60 | 3.12% |
| 2022 | $4,695,550.64 | 6.20% |
| 2023 | $4,981,761.06 | 6.10% |
| 2024 | $5,165,564.11 | 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 |