According to the U.S. Bureau of Labor Statistics, prices for transportation services were 1,094.07% higher in 2019 versus 1960 (a $76,584,847.37 difference in value).
Between 1960 and 2019: Transportation services experienced an average inflation rate of 4.29% per year. This rate of change indicates significant inflation. In other words, transportation services costing $7,000,000 in the year 1960 would cost $83,584,847.37 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.72% during this same period, inflation for transportation services was higher.
In the year 1960: Pricing changed by 2.64%, which is below the average yearly change for transportation services during the 1960-2019 time period. Compared to inflation for all items in 1960 (1.48%), inflation for transportation services was higher.
Below are calculations of equivalent buying power for Transportation services, 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 | 2.64% |
1961 | $7,158,281.51 | 2.26% |
1962 | $7,267,100.06 | 1.52% |
1963 | $7,352,176.37 | 1.17% |
1964 | $7,510,457.89 | 2.15% |
1965 | $7,803,278.69 | 3.90% |
1966 | $8,127,755.79 | 4.16% |
1967 | $8,390,898.81 | 3.24% |
1968 | $8,727,247.03 | 4.01% |
1969 | $9,338,609.38 | 7.01% |
1970 | $10,333,804.41 | 10.66% |
1971 | $11,168,739.40 | 8.08% |
1972 | $11,420,011.31 | 2.25% |
1973 | $11,491,237.99 | 0.62% |
1974 | $11,914,641.04 | 3.68% |
1975 | $12,816,845.68 | 7.57% |
1976 | $14,629,169.02 | 14.14% |
1977 | $15,812,323.35 | 8.09% |
1978 | $16,572,074.62 | 4.80% |
1979 | $17,868,004.52 | 7.82% |
1980 | $20,368,852.46 | 14.00% |
1981 | $22,798,473.71 | 11.93% |
1982 | $24,717,637.08 | 8.42% |
1983 | $25,493,216.51 | 3.14% |
1984 | $26,955,342.00 | 5.74% |
1985 | $28,292,820.80 | 4.96% |
1986 | $29,915,206.33 | 5.73% |
1987 | $31,353,589.60 | 4.81% |
1988 | $32,928,490.67 | 5.02% |
1989 | $34,879,310.34 | 5.92% |
1990 | $37,079,423.40 | 6.31% |
1991 | $38,877,897.12 | 4.85% |
1992 | $40,037,309.21 | 2.98% |
1993 | $41,895,138.50 | 4.64% |
1994 | $43,357,263.99 | 3.49% |
1995 | $45,230,921.42 | 4.32% |
1996 | $46,414,075.75 | 2.62% |
1997 | $47,589,316.00 | 2.53% |
1998 | $48,321,368.00 | 1.54% |
1999 | $49,041,548.90 | 1.49% |
2000 | $50,436,404.75 | 2.84% |
2001 | $51,920,293.95 | 2.94% |
2002 | $53,788,015.83 | 3.60% |
2003 | $55,637,931.03 | 3.44% |
2004 | $56,730,073.49 | 1.96% |
2005 | $58,039,853.02 | 2.31% |
2006 | $59,351,611.08 | 2.26% |
2007 | $60,117,278.12 | 1.29% |
2008 | $62,777,594.69 | 4.43% |
2009 | $64,566,947.43 | 2.85% |
2010 | $66,828,513.28 | 3.50% |
2011 | $68,932,074.62 | 3.15% |
2012 | $70,181,232.33 | 1.81% |
2013 | $72,018,603.73 | 2.62% |
2014 | $73,369,635.39 | 1.88% |
2015 | $74,850,477.67 | 2.02% |
2016 | $77,014,858.68 | 2.89% |
2017 | $79,712,331.83 | 3.50% |
2018 | $82,772,843.41 | 3.84% |
2019 | $83,584,847.37 | 0.98% |
2020 | $80,455,166.76 | -3.74% |
2021 | $83,378,705.48 | 3.63% |
2022 | $92,023,309.78 | 10.37% |
2023 | $101,914,005.09 | 10.75% |
2024 | $107,190,309.50 | 5.18%* |
* 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 Transportation services:
Year | 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 | 11.800 | 11.750 | 11.700 | 11.780 | 11.800 | 11.800 | 11.840 | 12.540 | 12.480 | 12.500 | 12.500 | 12.740 | 13.200 | 14.840 | 16.420 | 17.460 | 19.120 | 20.460 | 21.720 | 22.660 | 22.660 | 23.000 | 24.108 | 25.623 | 26.515 | 27.215 | 27.831 | 28.254 | 28.585 | 29.200 | 30.338 | 31.600 | 32.623 | 33.931 | 36.308 | 40.177 | 43.423 | 44.400 | 44.677 | 46.323 | 49.831 | 56.877 | 61.477 | 64.431 | 69.469 | 79.192 | 88.638 | 96.100 | 99.115 | 104.800 | 110.000 | 116.308 | 121.900 | 128.023 | 135.608 | 144.162 | 151.154 | 155.662 | 162.885 | 168.569 | 175.854 | 180.454 | 185.023 | 187.869 | 190.669 | 196.092 | 201.862 | 209.123 | 216.315 | 220.562 | 225.654 | 230.754 | 233.731 | 244.074 | 251.031 | 259.823 | 268.002 | 272.858 | 280.002 | 285.255 | 291.012 | 299.427 | 309.915 | 321.814 | 324.971 | 312.803 | 324.169 | 357.779 | 396.233 | 416.746 |