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According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 669.91% higher in 2024 versus 1970 (a $6,699,110,793.13 difference in value).
Between 1970 and 2024: Philadelphia experienced an average inflation rate of 3.85% per year. This rate of change indicates significant inflation. In other words, $1,000,000,000 in Philadelphia in the year 1970 would cost $7,699,110,793.13 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Philadelphia was lower.
In the year 1970: Pricing changed by 6.72%, which is above the average yearly change in Philadelphia during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation in Philadelphia was higher.
Below are calculations of equivalent buying power in Philadelphia, over time, for $1,000,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $1,000,000,000.00 | 6.72% |
| 1971 | $1,048,855,273.92 | 4.89% |
| 1972 | $1,077,882,256.75 | 2.77% |
| 1973 | $1,150,449,713.82 | 6.73% |
| 1974 | $1,286,999,182.34 | 11.87% |
| 1975 | $1,394,112,837.29 | 8.32% |
| 1976 | $1,463,000,817.66 | 4.94% |
| 1977 | $1,558,462,796.40 | 6.53% |
| 1978 | $1,649,427,636.96 | 5.84% |
| 1979 | $1,813,368,765.33 | 9.94% |
| 1980 | $2,050,081,766.15 | 13.05% |
| 1981 | $2,258,789,861.00 | 10.18% |
| 1982 | $2,368,560,915.78 | 4.86% |
| 1983 | $2,437,653,311.53 | 2.92% |
| 1984 | $2,552,125,919.87 | 4.70% |
| 1985 | $2,668,029,435.81 | 4.54% |
| 1986 | $2,734,260,016.35 | 2.48% |
| 1987 | $2,865,290,269.83 | 4.79% |
| 1988 | $3,002,452,984.46 | 4.79% |
| 1989 | $3,147,179,067.87 | 4.82% |
| 1990 | $3,332,174,979.56 | 5.88% |
| 1991 | $3,487,735,077.68 | 4.67% |
| 1992 | $3,595,666,394.11 | 3.09% |
| 1993 | $3,685,200,327.06 | 2.49% |
| 1994 | $3,793,336,058.87 | 2.93% |
| 1995 | $3,892,681,929.68 | 2.62% |
| 1996 | $3,994,480,784.96 | 2.62% |
| 1997 | $4,082,992,641.05 | 2.22% |
| 1998 | $4,123,875,715.45 | 1.00% |
| 1999 | $4,211,978,740.80 | 2.14% |
| 2000 | $4,324,611,610.79 | 2.67% |
| 2001 | $4,444,399,018.81 | 2.77% |
| 2002 | $4,530,253,475.06 | 1.93% |
| 2003 | $4,628,168,438.27 | 2.16% |
| 2004 | $4,811,529,026.98 | 3.96% |
| 2005 | $5,002,657,399.84 | 3.97% |
| 2006 | $5,195,216,680.29 | 3.85% |
| 2007 | $5,309,118,969.75 | 2.19% |
| 2008 | $5,498,857,318.07 | 3.57% |
| 2009 | $5,470,470,155.36 | -0.52% |
| 2010 | $5,582,528,618.15 | 2.05% |
| 2011 | $5,728,881,847.91 | 2.62% |
| 2012 | $5,836,222,403.92 | 1.87% |
| 2013 | $5,906,289,861.00 | 1.20% |
| 2014 | $5,984,969,337.69 | 1.33% |
| 2015 | $5,979,828,291.09 | -0.09% |
| 2016 | $6,014,813,982.01 | 0.59% |
| 2017 | $6,091,365,494.69 | 1.27% |
| 2018 | $6,172,569,501.23 | 1.33% |
| 2019 | $6,289,734,260.02 | 1.90% |
| 2020 | $6,347,369,174.16 | 0.92% |
| 2021 | $6,595,621,422.73 | 3.91% |
| 2022 | $7,110,964,840.56 | 7.81% |
| 2023 | $7,433,383,074.41 | 4.53% |
| 2024 | $7,699,110,793.13 | 3.57%* |
* 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 Philadelphia, Pennsylvania:
| Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 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 | 10.200 | 10.208 | 10.408 | 11.808 | 14.342 | 17.433 | 20.308 | 18.617 | 17.267 | 17.542 | 17.692 | 18.275 | 18.833 | 18.567 | 18.158 | 17.808 | 17.608 | 16.225 | 14.600 | 13.375 | 14.017 | 14.233 | 14.508 | 14.858 | 14.550 | 14.317 | 14.333 | 15.042 | 16.733 | 17.800 | 18.042 | 18.525 | 20.108 | 23.008 | 24.833 | 24.542 | 24.692 | 26.975 | 27.492 | 27.625 | 27.908 | 27.850 | 28.233 | 29.142 | 29.717 | 30.050 | 30.583 | 30.925 | 31.200 | 31.758 | 32.258 | 32.758 | 33.700 | 34.617 | 36.275 | 38.200 | 40.767 | 42.758 | 43.942 | 46.900 | 52.467 | 56.833 | 59.642 | 63.533 | 67.242 | 73.925 | 83.575 | 92.083 | 96.558 | 99.375 | 104.042 | 108.767 | 111.467 | 116.808 | 122.400 | 128.300 | 135.842 | 142.183 | 146.583 | 150.233 | 154.642 | 158.692 | 162.842 | 166.450 | 168.117 | 171.708 | 176.300 | 181.183 | 184.683 | 188.675 | 196.150 | 203.942 | 211.792 | 216.435 | 224.170 | 223.013 | 227.581 | 233.547 | 237.923 | 240.780 | 243.987 | 243.778 | 245.204 | 248.325 | 251.635 | 256.411 | 258.761 | 268.882 | 289.890 | 303.034 | 313.867 |