According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 836.57% higher in 2024 versus 1965 (a $79,474,234,884.97 difference in value).
Between 1965 and 2024: Detroit experienced an average inflation rate of 3.86% per year. This rate of change indicates significant inflation. In other words, $9,500,000,000 in Detroit in the year 1965 would cost $88,974,234,884.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.97% during this same period, inflation in Detroit was lower.
In the year 1965: Pricing changed by 2.30%, which is below the average yearly change in Detroit during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), inflation in Detroit was higher.
Below are calculations of equivalent buying power in Detroit, over time, for $9,500,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1965 | $9,500,000,000.00 | 2.30% |
| 1966 | $9,921,883,360.09 | 4.44% |
| 1967 | $10,254,815,409.31 | 3.36% |
| 1968 | $10,697,030,497.59 | 4.31% |
| 1969 | $11,347,645,799.89 | 6.08% |
| 1970 | $12,049,090,422.69 | 6.18% |
| 1971 | $12,488,764,044.94 | 3.65% |
| 1972 | $12,951,310,861.42 | 3.70% |
| 1973 | $13,795,077,581.59 | 6.51% |
| 1974 | $15,289,459,604.07 | 10.83% |
| 1975 | $16,428,036,383.09 | 7.45% |
| 1976 | $17,320,090,957.73 | 5.43% |
| 1977 | $18,509,497,057.25 | 6.87% |
| 1978 | $19,914,927,768.86 | 7.59% |
| 1979 | $22,446,227,929.37 | 12.71% |
| 1980 | $26,014,446,227.93 | 15.90% |
| 1981 | $28,428,838,951.31 | 9.28% |
| 1982 | $29,580,123,060.46 | 4.05% |
| 1983 | $30,423,889,780.63 | 2.85% |
| 1984 | $31,488,764,044.94 | 3.50% |
| 1985 | $32,584,135,901.55 | 3.48% |
| 1986 | $33,039,058,319.96 | 1.40% |
| 1987 | $34,040,395,933.65 | 3.03% |
| 1988 | $35,334,002,140.18 | 3.80% |
| 1989 | $37,209,604,066.35 | 5.31% |
| 1990 | $39,123,327,982.88 | 5.14% |
| 1991 | $40,551,631,888.71 | 3.65% |
| 1992 | $41,403,023,006.96 | 2.10% |
| 1993 | $42,521,268,057.78 | 2.70% |
| 1994 | $43,863,162,118.78 | 3.16% |
| 1995 | $45,248,261,102.19 | 3.16% |
| 1996 | $46,473,247,726.06 | 2.71% |
| 1997 | $47,621,990,369.18 | 2.47% |
| 1998 | $48,676,698,769.40 | 2.21% |
| 1999 | $49,944,890,315.68 | 2.61% |
| 2000 | $51,701,043,338.68 | 3.52% |
| 2001 | $53,167,469,234.88 | 2.84% |
| 2002 | $54,494,114,499.73 | 2.50% |
| 2003 | $55,647,940,074.91 | 2.12% |
| 2004 | $56,501,872,659.18 | 1.53% |
| 2005 | $58,115,703,584.80 | 2.86% |
| 2006 | $59,897,271,268.06 | 3.07% |
| 2007 | $60,986,670,679.51 | 1.82% |
| 2008 | $62,472,792,937.40 | 2.44% |
| 2009 | $61,986,890,048.15 | -0.78% |
| 2010 | $62,514,320,492.24 | 0.85% |
| 2011 | $64,491,758,962.01 | 3.16% |
| 2012 | $65,861,227,929.37 | 2.12% |
| 2013 | $66,915,885,500.27 | 1.60% |
| 2014 | $67,640,914,927.77 | 1.08% |
| 2015 | $66,749,343,231.67 | -1.32% |
| 2016 | $67,723,995,452.11 | 1.46% |
| 2017 | $69,100,987,158.91 | 2.03% |
| 2018 | $70,798,762,707.33 | 2.46% |
| 2019 | $71,735,877,474.59 | 1.32% |
| 2020 | $72,466,371,054.04 | 1.02% |
| 2021 | $75,463,420,278.22 | 4.14% |
| 2022 | $81,657,023,809.52 | 8.21% |
| 2023 | $86,100,853,397.54 | 5.44% |
| 2024 | $88,974,234,884.97 | 3.34%* |
* 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 Detroit, Michigan:
| 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 | 9.700 | 9.733 | 10.233 | 11.917 | 14.525 | 17.642 | 21.508 | 19.517 | 17.442 | 17.958 | 18.050 | 18.158 | 18.467 | 18.158 | 17.525 | 17.508 | 17.217 | 15.183 | 13.250 | 11.917 | 12.592 | 13.267 | 13.825 | 14.608 | 14.533 | 14.033 | 14.117 | 15.000 | 16.658 | 17.567 | 17.800 | 18.275 | 19.867 | 22.642 | 24.467 | 24.150 | 24.550 | 26.475 | 27.142 | 27.625 | 27.725 | 27.675 | 28.192 | 29.017 | 29.417 | 29.408 | 29.650 | 29.817 | 29.908 | 30.200 | 30.450 | 31.150 | 32.533 | 33.625 | 35.075 | 37.208 | 39.508 | 40.950 | 42.467 | 45.233 | 50.133 | 53.867 | 56.792 | 60.692 | 65.300 | 73.600 | 85.300 | 93.217 | 96.992 | 99.758 | 103.250 | 106.842 | 108.333 | 111.617 | 115.858 | 122.008 | 128.283 | 132.967 | 135.758 | 139.425 | 143.825 | 148.367 | 152.383 | 156.150 | 159.608 | 163.767 | 169.525 | 174.333 | 178.683 | 182.467 | 185.267 | 190.558 | 196.400 | 199.972 | 204.845 | 203.252 | 204.981 | 211.465 | 215.956 | 219.414 | 221.791 | 218.868 | 222.063 | 226.578 | 232.145 | 235.218 | 237.613 | 247.441 | 267.749 | 282.320 | 291.742 |