According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 915.54% higher in 2024 versus 1960 (a $169,375,061.31 difference in value).
Between 1960 and 2024: Philadelphia experienced an average inflation rate of 3.69% per year. This rate of change indicates significant inflation. In other words, $18,500,000 in Philadelphia in the year 1960 would cost $187,875,061.31 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in Philadelphia was lower.
In the year 1960: Pricing changed by 1.77%, which is below the average yearly change in Philadelphia during the 1960-2024 time period. Compared to inflation for all items in 1960 (1.48%), inflation in Philadelphia was higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $18,500,000 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1960 | $18,500,000.00 | 1.77% |
1961 | $18,706,675.75 | 1.12% |
1962 | $18,873,024.52 | 0.89% |
1963 | $19,210,762.94 | 1.79% |
1964 | $19,513,215.26 | 1.57% |
1965 | $19,815,667.57 | 1.55% |
1966 | $20,385,286.10 | 2.87% |
1967 | $20,939,782.02 | 2.72% |
1968 | $21,942,915.53 | 4.79% |
1969 | $23,107,356.95 | 5.31% |
1970 | $24,659,945.50 | 6.72% |
1971 | $25,864,713.90 | 4.89% |
1972 | $26,580,517.71 | 2.77% |
1973 | $28,370,027.25 | 6.73% |
1974 | $31,737,329.70 | 11.87% |
1975 | $34,378,746.59 | 8.32% |
1976 | $36,077,520.44 | 4.94% |
1977 | $38,431,607.63 | 6.53% |
1978 | $40,674,795.64 | 5.84% |
1979 | $44,717,574.93 | 9.94% |
1980 | $50,554,904.63 | 13.05% |
1981 | $55,701,634.88 | 10.18% |
1982 | $58,408,583.11 | 4.86% |
1983 | $60,112,397.82 | 2.92% |
1984 | $62,935,286.10 | 4.70% |
1985 | $65,793,460.49 | 4.54% |
1986 | $67,426,703.00 | 2.48% |
1987 | $70,657,901.91 | 4.79% |
1988 | $74,040,326.98 | 4.79% |
1989 | $77,609,264.31 | 4.82% |
1990 | $82,171,253.41 | 5.88% |
1991 | $86,007,356.95 | 4.67% |
1992 | $88,668,937.33 | 3.09% |
1993 | $90,876,839.24 | 2.49% |
1994 | $93,543,460.49 | 2.93% |
1995 | $95,993,324.25 | 2.62% |
1996 | $98,503,678.47 | 2.62% |
1997 | $100,686,376.02 | 2.22% |
1998 | $101,694,550.41 | 1.00% |
1999 | $103,867,166.21 | 2.14% |
2000 | $106,644,686.65 | 2.67% |
2001 | $109,598,637.60 | 2.77% |
2002 | $111,715,803.81 | 1.93% |
2003 | $114,130,381.47 | 2.16% |
2004 | $118,652,043.60 | 3.96% |
2005 | $123,365,258.86 | 3.97% |
2006 | $128,113,760.22 | 3.85% |
2007 | $130,922,584.47 | 2.19% |
2008 | $135,601,521.80 | 3.57% |
2009 | $134,901,495.91 | -0.52% |
2010 | $137,664,851.50 | 2.05% |
2011 | $141,273,914.17 | 2.62% |
2012 | $143,920,926.43 | 1.87% |
2013 | $145,648,786.10 | 1.20% |
2014 | $147,589,017.71 | 1.33% |
2015 | $147,462,239.78 | -0.09% |
2016 | $148,324,985.01 | 0.59% |
2017 | $150,212,741.14 | 1.27% |
2018 | $152,215,227.52 | 1.33% |
2019 | $155,104,504.09 | 1.90% |
2020 | $156,525,777.93 | 0.92% |
2021 | $162,647,664.85 | 3.91% |
2022 | $175,356,005.45 | 7.81% |
2023 | $183,306,821.53 | 4.53% |
2024 | $187,875,061.31 | 2.49%* |
* 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 Philadelphia, Pennsylvania:
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 | 10.200 | 10.208 | 10.408 | 11.808 | 14.342 | 17.433 | 20.308 | 18.617 | 17.267 | 17.542 | 17.692 | 18.275 | 18.833 | 18.567 | 18.158 | 17.808 | 17.608 | 16.225 | 14.600 | 13.375 | 14.017 | 14.233 | 14.508 | 14.858 | 14.550 | 14.317 | 14.333 | 15.042 | 16.733 | 17.800 | 18.042 | 18.525 | 20.108 | 23.008 | 24.833 | 24.542 | 24.692 | 26.975 | 27.492 | 27.625 | 27.908 | 27.850 | 28.233 | 29.142 | 29.717 | 30.050 | 30.583 | 30.925 | 31.200 | 31.758 | 32.258 | 32.758 | 33.700 | 34.617 | 36.275 | 38.200 | 40.767 | 42.758 | 43.942 | 46.900 | 52.467 | 56.833 | 59.642 | 63.533 | 67.242 | 73.925 | 83.575 | 92.083 | 96.558 | 99.375 | 104.042 | 108.767 | 111.467 | 116.808 | 122.400 | 128.300 | 135.842 | 142.183 | 146.583 | 150.233 | 154.642 | 158.692 | 162.842 | 166.450 | 168.117 | 171.708 | 176.300 | 181.183 | 184.683 | 188.675 | 196.150 | 203.942 | 211.792 | 216.435 | 224.170 | 223.013 | 227.581 | 233.547 | 237.923 | 240.780 | 243.987 | 243.778 | 245.204 | 248.325 | 251.635 | 256.411 | 258.761 | 268.882 | 289.890 | 303.034 | 310.586 |