According to the U.S. Bureau of Labor Statistics, prices for shelter were 1,160.58% higher in 2019 versus 1960 (a $81,240,420.73 difference in value).
Between 1960 and 2019: Shelter experienced an average inflation rate of 4.39% per year. This rate of change indicates significant inflation. In other words, shelter costing $7,000,000 in the year 1960 would cost $88,240,420.73 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.72% during this same period, inflation for shelter was higher.
In the year 1960: Pricing changed by 2.02%, which is below the average yearly change for shelter during the 1960-2019 time period. Compared to inflation for all items in 1960 (1.48%), inflation for shelter was higher.
Below are calculations of equivalent buying power for Shelter, over time, for $7,000,000 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 | $7,000,000.00 | 2.02% |
1961 | $7,059,756.10 | 0.85% |
1962 | $7,138,719.51 | 1.12% |
1963 | $7,232,621.95 | 1.32% |
1964 | $7,352,134.15 | 1.65% |
1965 | $7,488,719.51 | 1.86% |
1966 | $7,712,804.88 | 2.99% |
1967 | $7,981,707.32 | 3.49% |
1968 | $8,359,451.22 | 4.73% |
1969 | $9,038,109.76 | 8.12% |
1970 | $9,859,756.10 | 9.09% |
1971 | $10,271,646.34 | 4.18% |
1972 | $10,730,487.80 | 4.47% |
1973 | $11,229,878.05 | 4.65% |
1974 | $12,320,426.83 | 9.71% |
1975 | $13,536,890.24 | 9.87% |
1976 | $14,281,707.32 | 5.50% |
1977 | $15,244,207.32 | 6.74% |
1978 | $16,782,926.83 | 10.09% |
1979 | $19,115,548.78 | 13.90% |
1980 | $22,470,426.83 | 17.55% |
1981 | $25,103,963.41 | 11.72% |
1982 | $26,881,707.32 | 7.08% |
1983 | $27,502,743.90 | 2.31% |
1984 | $28,851,524.39 | 4.90% |
1985 | $30,467,073.17 | 5.60% |
1986 | $32,133,841.46 | 5.47% |
1987 | $33,638,414.63 | 4.68% |
1988 | $35,258,231.71 | 4.82% |
1989 | $36,852,439.02 | 4.52% |
1990 | $38,837,195.12 | 5.39% |
1991 | $40,582,926.83 | 4.49% |
1992 | $41,946,646.34 | 3.36% |
1993 | $43,205,792.68 | 3.00% |
1994 | $44,535,365.85 | 3.08% |
1995 | $45,967,378.05 | 3.22% |
1996 | $47,450,609.76 | 3.23% |
1997 | $48,906,097.56 | 3.07% |
1998 | $50,523,780.49 | 3.31% |
1999 | $51,953,658.54 | 2.83% |
2000 | $53,643,902.44 | 3.25% |
2001 | $55,643,597.56 | 3.73% |
2002 | $57,732,926.83 | 3.75% |
2003 | $59,126,524.39 | 2.41% |
2004 | $60,714,329.27 | 2.69% |
2005 | $62,263,719.51 | 2.55% |
2006 | $64,402,134.15 | 3.43% |
2007 | $66,754,774.39 | 3.65% |
2008 | $68,434,881.10 | 2.52% |
2009 | $69,180,594.51 | 1.09% |
2010 | $68,914,786.59 | -0.38% |
2011 | $69,816,356.71 | 1.31% |
2012 | $71,324,984.76 | 2.16% |
2013 | $72,981,935.98 | 2.32% |
2014 | $75,050,862.80 | 2.83% |
2015 | $77,350,746.95 | 3.06% |
2016 | $79,966,250.00 | 3.38% |
2017 | $82,622,237.80 | 3.32% |
2018 | $85,357,658.54 | 3.31% |
2019 | $88,240,420.73 | 3.38% |
2020 | $90,413,365.85 | 2.46% |
2021 | $92,824,054.88 | 2.67% |
2022 | $98,278,698.17 | 5.88% |
2023 | $105,605,137.20 | 7.45% |
2024 | $109,308,756.10 | 3.51%* |
* 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 Shelter:
Year | 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 | 21.600 | 22.000 | 22.485 | 22.746 | 23.123 | 23.962 | 24.469 | 24.731 | 25.231 | 25.446 | 25.731 | 26.069 | 26.500 | 26.992 | 27.800 | 28.769 | 30.131 | 32.577 | 35.538 | 37.023 | 38.677 | 40.477 | 44.408 | 48.792 | 51.477 | 54.946 | 60.492 | 68.900 | 80.992 | 90.485 | 96.892 | 99.131 | 103.992 | 109.815 | 115.823 | 121.246 | 127.085 | 132.831 | 139.985 | 146.277 | 151.192 | 155.731 | 160.523 | 165.685 | 171.031 | 176.277 | 182.108 | 187.262 | 193.354 | 200.562 | 208.092 | 213.115 | 218.838 | 224.423 | 232.131 | 240.611 | 246.666 | 249.354 | 248.396 | 251.646 | 257.083 | 263.056 | 270.513 | 278.803 | 288.230 | 297.803 | 307.663 | 318.053 | 325.886 | 334.575 | 354.235 | 380.643 | 393.992 |