According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,778.18% higher in 2024 versus 1940 (a $213,382 difference in value).
Between 1940 and 2024: Transportation experienced an average inflation rate of 3.55% per year. This rate of change indicates significant inflation. In other words, transportation costing $12,000 in the year 1940 would cost $225,382 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for transportation was lower.
In the year 1940: Pricing changed by -0.56%, which is significantly below the average yearly change for transportation during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $12,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $12,000.00 | -0.56% |
1941 | $12,455.70 | 3.80% |
1942 | $13,518.99 | 8.54% |
1943 | $13,434.60 | -0.62% |
1944 | $13,417.72 | -0.13% |
1945 | $13,417.72 | 0.00% ** |
1946 | $14,227.85 | 6.04% |
1947 | $15,572.87 | 9.45% |
1948 | $17,364.49 | 11.50% |
1949 | $18,662.77 | 7.48% |
1950 | $19,143.14 | 2.57% |
1951 | $20,370.01 | 6.41% |
1952 | $21,713.73 | 6.60% |
1953 | $22,336.90 | 2.87% |
1954 | $22,012.33 | -1.45% |
1955 | $21,746.19 | -1.21% |
1956 | $22,135.67 | 1.79% |
1957 | $23,369.04 | 5.57% |
1958 | $24,141.51 | 3.31% |
1959 | $25,141.19 | 4.14% |
1960 | $25,134.70 | -0.03% |
1961 | $25,420.32 | 1.14% |
1962 | $25,952.61 | 2.09% |
1963 | $26,095.42 | 0.55% |
1964 | $26,484.91 | 1.49% |
1965 | $26,919.83 | 1.64% |
1966 | $27,302.82 | 1.42% |
1967 | $28,081.79 | 2.85% |
1968 | $28,977.60 | 3.19% |
1969 | $30,094.13 | 3.85% |
1970 | $31,639.08 | 5.13% |
1971 | $33,300.88 | 5.25% |
1972 | $33,690.36 | 1.17% |
1973 | $34,754.95 | 3.16% |
1974 | $38,649.79 | 11.21% |
1975 | $42,278.48 | 9.39% |
1976 | $46,484.91 | 9.95% |
1977 | $49,763.06 | 7.05% |
1978 | $52,093.48 | 4.68% |
1979 | $59,519.64 | 14.26% |
1980 | $70,120.09 | 17.81% |
1981 | $78,610.84 | 12.11% |
1982 | $81,850.05 | 4.12% |
1983 | $83,803.96 | 2.39% |
1984 | $87,523.53 | 4.44% |
1985 | $89,834.47 | 2.64% |
1986 | $86,342.10 | -3.89% |
1987 | $88,951.64 | 3.02% |
1988 | $91,697.50 | 3.09% |
1989 | $96,286.92 | 5.00% |
1990 | $101,700.75 | 5.62% |
1991 | $104,498.54 | 2.75% |
1992 | $106,783.51 | 2.19% |
1993 | $110,009.74 | 3.02% |
1994 | $113,333.33 | 3.02% |
1995 | $117,390.46 | 3.58% |
1996 | $120,701.07 | 2.82% |
1997 | $121,752.68 | 0.87% |
1998 | $119,454.72 | -1.89% |
1999 | $121,856.54 | 2.01% |
2000 | $129,393.05 | 6.18% |
2001 | $130,172.02 | 0.60% |
2002 | $128,997.08 | -0.90% |
2003 | $132,963.32 | 3.07% |
2004 | $137,637.13 | 3.52% |
2005 | $146,757.55 | 6.63% |
2006 | $152,625.77 | 4.00% |
2007 | $155,849.46 | 2.11% |
2008 | $165,020.51 | 5.88% |
2009 | $151,267.84 | -8.33% |
2010 | $163,203.31 | 7.89% |
2011 | $179,211.81 | 9.81% |
2012 | $183,407.08 | 2.34% |
2013 | $183,469.72 | 0.03% |
2014 | $182,227.20 | -0.68% |
2015 | $167,988.70 | -7.81% |
2016 | $164,467.19 | -2.10% |
2017 | $170,097.11 | 3.42% |
2018 | $177,775.14 | 4.51% |
2019 | $177,272.77 | -0.28% |
2020 | $169,902.30 | -4.16% |
2021 | $194,647.26 | 14.56% |
2022 | $224,750.93 | 15.47% |
2023 | $225,298.21 | 0.24% |
2024 | $225,382.00 | 0.04%* |
* 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:
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 | 14.200 | 14.267 | 14.560 | 14.620 | 14.300 | 14.220 | 14.760 | 16.020 | 15.920 | 15.900 | 15.900 | 16.860 | 18.454 | 20.577 | 22.115 | 22.685 | 24.138 | 25.731 | 26.469 | 26.085 | 25.769 | 26.231 | 27.692 | 28.608 | 29.792 | 29.785 | 30.123 | 30.754 | 30.923 | 31.385 | 31.900 | 32.354 | 33.277 | 34.338 | 35.662 | 37.492 | 39.462 | 39.923 | 41.185 | 45.800 | 50.100 | 55.085 | 58.969 | 61.731 | 70.531 | 83.092 | 93.154 | 96.992 | 99.308 | 103.715 | 106.454 | 102.315 | 105.408 | 108.662 | 114.100 | 120.515 | 123.831 | 126.538 | 130.362 | 134.300 | 139.108 | 143.031 | 144.277 | 141.554 | 144.400 | 153.331 | 154.254 | 152.862 | 157.562 | 163.100 | 173.908 | 180.862 | 184.682 | 195.549 | 179.252 | 193.396 | 212.366 | 217.337 | 217.412 | 215.939 | 199.067 | 194.894 | 201.565 | 210.664 | 210.068 | 201.334 | 230.657 | 266.330 | 266.978 | 267.078 |