According to the U.S. Bureau of Labor Statistics, prices for transportation are 1,550.27% higher in 2024 versus 1942 (a $77,513,732,833,957.56 difference in value).
Between 1942 and 2024: Transportation experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, transportation costing $5,000,000,000,000 in the year 1942 would cost $82,513,732,833,957.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for transportation was lower.
In the year 1942: Pricing changed by 8.54%, which is significantly above the average yearly change for transportation during the 1942-2024 time period. Compared to inflation for all items in 1942 (10.92%), inflation for transportation was lower.
Below are calculations of equivalent buying power for Transportation, over time, for $5,000,000,000,000 beginning in 1942. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1942 | $5,000,000,000,000.00 | 8.54% |
1943 | $4,968,789,013,732.83 | -0.62% |
1944 | $4,962,546,816,479.40 | -0.13% |
1945 | $4,962,546,816,479.40 | 0.00% ** |
1946 | $5,262,172,284,644.20 | 6.04% |
1947 | $5,759,627,388,840.87 | 9.45% |
1948 | $6,422,260,635,743.78 | 11.50% |
1949 | $6,902,429,655,238.65 | 7.48% |
1950 | $7,080,092,192,451.74 | 2.57% |
1951 | $7,533,851,915,874.39 | 6.41% |
1952 | $8,030,826,851,051.57 | 6.60% |
1953 | $8,261,307,980,409.11 | 2.87% |
1954 | $8,141,265,725,535.39 | -1.45% |
1955 | $8,042,831,076,538.94 | -1.21% |
1956 | $8,186,881,782,387.40 | 1.79% |
1957 | $8,643,042,350,907.52 | 5.57% |
1958 | $8,928,742,917,506.96 | 3.31% |
1959 | $9,298,473,062,518.01 | 4.14% |
1960 | $9,296,072,217,420.53 | -0.03% |
1961 | $9,401,709,401,709.40 | 1.14% |
1962 | $9,598,578,699,702.30 | 2.09% |
1963 | $9,651,397,291,846.73 | 0.55% |
1964 | $9,795,447,997,695.19 | 1.49% |
1965 | $9,956,304,619,225.97 | 1.64% |
1966 | $10,097,954,479,976.95 | 1.42% |
1967 | $10,386,055,891,673.87 | 2.85% |
1968 | $10,717,372,515,125.32 | 3.19% |
1969 | $11,130,317,871,890.91 | 3.85% |
1970 | $11,701,719,005,089.79 | 5.13% |
1971 | $12,316,335,350,043.22 | 5.25% |
1972 | $12,460,386,055,891.67 | 1.17% |
1973 | $12,854,124,651,877.46 | 3.16% |
1974 | $14,294,631,710,362.05 | 11.21% |
1975 | $15,636,704,119,850.19 | 9.39% |
1976 | $17,192,451,743,013.54 | 9.95% |
1977 | $18,404,878,517,238.07 | 7.05% |
1978 | $19,266,781,907,231.35 | 4.68% |
1979 | $22,013,348,698,741.96 | 14.26% |
1980 | $25,933,928,742,917.51 | 17.81% |
1981 | $29,074,234,130,413.91 | 12.11% |
1982 | $30,272,255,834,053.59 | 4.12% |
1983 | $30,994,910,208,393.36 | 2.39% |
1984 | $32,370,594,449,246.14 | 4.44% |
1985 | $33,225,295,303,946.99 | 2.64% |
1986 | $31,933,640,641,505.81 | -3.89% |
1987 | $32,898,780,370,690.48 | 3.02% |
1988 | $33,914,337,846,922.12 | 3.09% |
1989 | $35,611,735,330,836.45 | 5.00% |
1990 | $37,614,040,142,130.03 | 5.62% |
1991 | $38,648,804,379,141.45 | 2.75% |
1992 | $39,493,901,853,452.42 | 2.19% |
1993 | $40,687,121,866,897.15 | 3.02% |
1994 | $41,916,354,556,804.00 | 3.02% |
1995 | $43,416,882,742,725.44 | 3.58% |
1996 | $44,641,313,742,437.34 | 2.82% |
1997 | $45,030,250,648,228.18 | 0.87% |
1998 | $44,180,351,483,722.28 | -1.89% |
1999 | $45,068,664,169,787.77 | 2.01% |
2000 | $47,856,045,327,955.44 | 6.18% |
2001 | $48,144,146,739,652.36 | 0.60% |
2002 | $47,709,593,777,009.51 | -0.90% |
2003 | $49,176,510,131,566.32 | 3.07% |
2004 | $50,905,118,601,747.83 | 3.52% |
2005 | $54,278,305,963,699.23 | 6.63% |
2006 | $56,448,669,931,816.00 | 4.00% |
2007 | $57,640,953,615,672.72 | 2.11% |
2008 | $61,032,867,569,384.43 | 5.88% |
2009 | $55,946,437,145,875.35 | -8.33% |
2010 | $60,360,774,992,797.47 | 7.89% |
2011 | $66,281,523,096,129.83 | 9.81% |
2012 | $67,833,141,265,725.54 | 2.34% |
2013 | $67,856,309,420,916.17 | 0.03% |
2014 | $67,396,763,660,808.60 | -0.68% |
2015 | $62,130,653,990,204.55 | -7.81% |
2016 | $60,828,219,533,275.72 | -2.10% |
2017 | $62,910,448,477,864.21 | 3.42% |
2018 | $65,750,168,059,156.83 | 4.51% |
2019 | $65,564,366,657,063.29 | -0.28% |
2020 | $62,838,399,116,489.02 | -4.16% |
2021 | $71,990,324,594,257.19 | 14.56% |
2022 | $83,124,171,708,441.39 | 15.47% |
2023 | $83,326,586,958,609.44 | 0.24% |
2024 | $82,513,732,833,957.56 | -0.98%* |
* 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 | 264.374 |