According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,778.18% higher in 2024 versus 1940 (a $88,909,165,494,608.53 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 $5,000,000,000,000 in the year 1940 would cost $93,909,165,494,608.52 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 $5,000,000,000,000 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 | $5,000,000,000,000.00 | -0.56% |
1941 | $5,189,873,417,721.52 | 3.80% |
1942 | $5,632,911,392,405.06 | 8.54% |
1943 | $5,597,749,648,382.56 | -0.62% |
1944 | $5,590,717,299,578.06 | -0.13% |
1945 | $5,590,717,299,578.06 | 0.00% ** |
1946 | $5,928,270,042,194.09 | 6.04% |
1947 | $6,488,694,146,922.00 | 9.45% |
1948 | $7,235,205,020,015.15 | 11.50% |
1949 | $7,776,154,928,053.66 | 7.48% |
1950 | $7,976,306,394,027.91 | 2.57% |
1951 | $8,487,504,057,124.31 | 6.41% |
1952 | $9,047,387,211,944.18 | 6.60% |
1953 | $9,307,043,167,802.66 | 2.87% |
1954 | $9,171,805,690,793.04 | -1.45% |
1955 | $9,060,910,959,645.14 | -1.21% |
1956 | $9,223,195,932,056.69 | 1.79% |
1957 | $9,737,098,344,693.28 | 5.57% |
1958 | $10,058,963,539,976.20 | 3.31% |
1959 | $10,475,494,969,165.86 | 4.14% |
1960 | $10,472,790,219,625.66 | -0.03% |
1961 | $10,591,799,199,394.14 | 1.14% |
1962 | $10,813,588,661,689.93 | 2.09% |
1963 | $10,873,093,151,574.17 | 0.55% |
1964 | $11,035,378,123,985.72 | 1.49% |
1965 | $11,216,596,343,178.62 | 1.64% |
1966 | $11,376,176,566,049.99 | 1.42% |
1967 | $11,700,746,510,873.10 | 2.85% |
1968 | $12,074,001,947,419.67 | 3.19% |
1969 | $12,539,218,868,332.79 | 3.85% |
1970 | $13,182,949,258,898.63 | 5.13% |
1971 | $13,875,365,141,187.93 | 5.25% |
1972 | $14,037,650,113,599.48 | 1.17% |
1973 | $14,481,229,038,191.07 | 3.16% |
1974 | $16,104,078,762,306.61 | 11.21% |
1975 | $17,616,033,755,274.26 | 9.39% |
1976 | $19,368,711,457,319.06 | 9.95% |
1977 | $20,734,609,975,116.31 | 7.05% |
1978 | $21,705,615,060,045.45 | 4.68% |
1979 | $24,799,848,534,025.75 | 14.26% |
1980 | $29,216,704,533,160.24 | 17.81% |
1981 | $32,754,516,931,732.13 | 12.11% |
1982 | $34,104,186,952,288.23 | 4.12% |
1983 | $34,918,316,563,886.19 | 2.39% |
1984 | $36,468,138,050,416.53 | 4.44% |
1985 | $37,431,028,886,725.09 | 2.64% |
1986 | $35,975,873,634,101.48 | -3.89% |
1987 | $37,063,182,949,258.90 | 3.02% |
1988 | $38,207,292,004,760.36 | 3.09% |
1989 | $40,119,549,929,676.52 | 5.00% |
1990 | $42,375,311,046,197.13 | 5.62% |
1991 | $43,541,058,098,020.13 | 2.75% |
1992 | $44,493,129,936,167.91 | 2.19% |
1993 | $45,837,390,457,643.62 | 3.02% |
1994 | $47,222,222,222,222.23 | 3.02% |
1995 | $48,912,690,684,842.59 | 3.58% |
1996 | $50,292,112,950,340.81 | 2.82% |
1997 | $50,730,282,375,852.00 | 0.87% |
1998 | $49,772,801,038,623.84 | -1.89% |
1999 | $50,773,558,368,495.08 | 2.01% |
2000 | $53,913,772,584,658.66 | 6.18% |
2001 | $54,238,342,529,481.77 | 0.60% |
2002 | $53,748,782,862,706.91 | -0.90% |
2003 | $55,401,384,831,764.59 | 3.07% |
2004 | $57,348,804,500,703.25 | 3.52% |
2005 | $61,148,977,604,673.82 | 6.63% |
2006 | $63,594,071,189,007.90 | 4.00% |
2007 | $64,937,276,858,162.94 | 2.11% |
2008 | $68,758,547,008,547.02 | 5.88% |
2009 | $63,028,264,632,695.02 | -8.33% |
2010 | $68,001,379,422,265.50 | 7.89% |
2011 | $74,671,589,310,829.81 | 9.81% |
2012 | $76,419,614,843,665.48 | 2.34% |
2013 | $76,445,715,676,728.34 | 0.03% |
2014 | $75,927,999,567,240.08 | -0.68% |
2015 | $69,995,293,735,800.07 | -7.81% |
2016 | $68,527,994,157,741.01 | -2.10% |
2017 | $70,873,796,386,454.63 | 3.42% |
2018 | $74,072,974,142,594.41 | 4.51% |
2019 | $73,863,653,575,678.91 | -0.28% |
2020 | $70,792,626,852,753.45 | -4.16% |
2021 | $81,103,023,909,985.94 | 14.56% |
2022 | $93,646,218,760,142.84 | 15.47% |
2023 | $93,874,256,193,876.48 | 0.24% |
2024 | $93,909,165,494,608.52 | 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 |