According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 669.91% higher in 2024 versus 1970 (a $20,097,332.38 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, $3,000,000 in Philadelphia in the year 1970 would cost $23,097,332.38 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 $3,000,000 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 | $3,000,000.00 | 6.72% |
| 1971 | $3,146,565.82 | 4.89% |
| 1972 | $3,233,646.77 | 2.77% |
| 1973 | $3,451,349.14 | 6.73% |
| 1974 | $3,860,997.55 | 11.87% |
| 1975 | $4,182,338.51 | 8.32% |
| 1976 | $4,389,002.45 | 4.94% |
| 1977 | $4,675,388.39 | 6.53% |
| 1978 | $4,948,282.91 | 5.84% |
| 1979 | $5,440,106.30 | 9.94% |
| 1980 | $6,150,245.30 | 13.05% |
| 1981 | $6,776,369.58 | 10.18% |
| 1982 | $7,105,682.75 | 4.86% |
| 1983 | $7,312,959.93 | 2.92% |
| 1984 | $7,656,377.76 | 4.70% |
| 1985 | $8,004,088.31 | 4.54% |
| 1986 | $8,202,780.05 | 2.48% |
| 1987 | $8,595,870.81 | 4.79% |
| 1988 | $9,007,358.95 | 4.79% |
| 1989 | $9,441,537.20 | 4.82% |
| 1990 | $9,996,524.94 | 5.88% |
| 1991 | $10,463,205.23 | 4.67% |
| 1992 | $10,786,999.18 | 3.09% |
| 1993 | $11,055,600.98 | 2.49% |
| 1994 | $11,380,008.18 | 2.93% |
| 1995 | $11,678,045.79 | 2.62% |
| 1996 | $11,983,442.35 | 2.62% |
| 1997 | $12,248,977.92 | 2.22% |
| 1998 | $12,371,627.15 | 1.00% |
| 1999 | $12,635,936.22 | 2.14% |
| 2000 | $12,973,834.83 | 2.67% |
| 2001 | $13,333,197.06 | 2.77% |
| 2002 | $13,590,760.43 | 1.93% |
| 2003 | $13,884,505.31 | 2.16% |
| 2004 | $14,434,587.08 | 3.96% |
| 2005 | $15,007,972.20 | 3.97% |
| 2006 | $15,585,650.04 | 3.85% |
| 2007 | $15,927,356.91 | 2.19% |
| 2008 | $16,496,571.95 | 3.57% |
| 2009 | $16,411,410.47 | -0.52% |
| 2010 | $16,747,585.85 | 2.05% |
| 2011 | $17,186,645.54 | 2.62% |
| 2012 | $17,508,667.21 | 1.87% |
| 2013 | $17,718,869.58 | 1.20% |
| 2014 | $17,954,908.01 | 1.33% |
| 2015 | $17,939,484.87 | -0.09% |
| 2016 | $18,044,441.95 | 0.59% |
| 2017 | $18,274,096.48 | 1.27% |
| 2018 | $18,517,708.50 | 1.33% |
| 2019 | $18,869,202.78 | 1.90% |
| 2020 | $19,042,107.52 | 0.92% |
| 2021 | $19,786,864.27 | 3.91% |
| 2022 | $21,332,894.52 | 7.81% |
| 2023 | $22,300,149.22 | 4.53% |
| 2024 | $23,097,332.38 | 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 |