Private transportation priced at $20 in 1935 $364.61 in 2024

Private Transportation Inflation Calculator

$

Prices for Private Transportation, 1935-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for private transportation are 1,723.07% higher in 2024 versus 1935 (a $344.61 difference in value).

Between 1935 and 2024: Private transportation experienced an average inflation rate of 3.32% per year. This rate of change indicates significant inflation. In other words, private transportation costing $20 in the year 1935 would cost $364.61 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for private transportation was lower.

Price Inflation for Private transportation since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (17.34%), 2021 (15.63%), and 2022 (15.47%).

View price changes for other categories
Legal services · Financial services · Milk · New cars · More

Buying power of $20.00 since 1935

Below are calculations of equivalent buying power for Private transportation, over time, for $20 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1935$20.00-
1936$20.351.77%
1937$21.063.47%
1938$21.110.26%
1939$20.38-3.50%
1940$20.16-1.07%
1941$21.365.97%
1942$24.2613.57%
1943$23.74-2.14%
1944$23.790.23%
1945$23.66-0.57%
1946$25.337.05%
1947$28.4712.39%
1948$31.5110.68%
1949$33.426.08%
1950$33.490.22%
1951$34.994.46%
1952$37.356.76%
1953$38.021.77%
1954$37.11-2.38%
1955$36.48-1.70%
1956$37.001.41%
1957$39.145.80%
1958$40.353.09%
1959$42.104.33%
1960$41.86-0.57%
1961$42.190.80%
1962$42.991.89%
1963$43.170.42%
1964$43.761.36%
1965$44.481.63%
1966$45.011.21%
1967$46.222.69%
1968$47.592.96%
1969$49.213.40%
1970$51.314.28%
1971$53.874.98%
1972$54.270.74%
1973$56.123.41%
1974$63.1012.43%
1975$69.199.65%
1976$76.049.91%
1977$81.587.28%
1978$85.454.75%
1979$98.1014.81%
1980$115.1117.34%
1981$128.2011.37%
1982$132.853.63%
1983$135.782.21%
1984$141.654.32%
1985$145.172.48%
1986$138.39-4.67%
1987$142.553.00%
1988$147.093.19%
1989$154.414.98%
1990$162.485.23%
1991$166.712.60%
1992$170.412.22%
1993$174.382.33%
1994$179.683.04%
1995$186.353.71%
1996$191.482.75%
1997$192.780.68%
1998$188.58-2.18%
1999$192.111.87%
2000$203.936.15%
2001$205.180.61%
2002$203.45-0.85%
2003$210.033.24%
2004$217.933.76%
2005$232.746.80%
2006$241.993.97%
2007$247.222.16%
2008$261.255.68%
2009$238.99-8.52%
2010$258.128.00%
2011$283.9510.01%
2012$290.942.46%
2013$290.46-0.17%
2014$288.54-0.66%
2015$264.89-8.20%
2016$259.15-2.17%
2017$268.903.76%
2018$282.314.99%
2019$281.40-0.32%
2020$271.67-3.46%
2021$314.1215.63%
2022$362.7315.47%
2023$364.270.42%
2024$364.610.09%*

* 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 Private transportation:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI14.62514.88315.40015.44014.90014.74015.62017.74017.36017.40017.30018.52020.81523.03824.43824.49225.58527.31527.80027.13826.67727.05428.62329.50830.78530.60830.85431.43831.56932.00032.52332.91533.80034.80035.98537.52339.39239.68541.03846.13850.59255.60859.65462.48571.73884.17793.74697.14699.292103.585106.154101.200104.238107.562112.915118.815121.908124.615127.515131.392136.269140.023140.969137.900140.477149.123150.038148.769153.585159.362170.192176.954180.778191.039174.762188.747207.641212.752212.399210.994193.698189.502196.635206.442205.774198.661229.703265.249266.372266.624

Adjust private transportation prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1935 * 1935 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Private transportation was 14.625 in the year 1935 and 266.624 in 2024:

266.624 / 14.625 * $20 = $364.61

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1935 has the same "purchasing power" as $364.61 in 2024 (in the CPI category of Private transportation).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Private transportation in 1935. In addition to private transportation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.