$100 in 1913 is worth $2,272 in 2011,
because prices increased 2172.1% over that period, an average of
3.24% a year.
$100 in 1913 has
the same buying power as
$2,272
in 2011
Detailed inflation statistics
Cumulative price change
2172.1%
Average inflation rate
3.24% per year
Converted amount ($100 base)
$2,272
Price difference ($100 base)
$2,172
CPI in 1913
9.9
CPI in 2011
224.939
Inflation in 1913
n/a
Inflation in 2011
3.16%
$100 in 1913 → 2011
$2,272
$100 in 2011 → 1913
$4.40
What happened to prices between 1913 and 2011
Between 1913 and 2011, the Consumer Price Index went from 9.9 to 224.939.
Cumulatively, prices increased 2172.1%, which works out to an average of
3.24% per year. Put differently, a dollar in 1913 bought what
$0.04 buys in 2011: the 1913 dollar
lost 95.6% of its purchasing power over
these 98 years.
1913 is where this site’s price history begins, because it’s where the Bureau of Labor
Statistics’ own consumer price data begins. The CPI wasn’t published in real time back then;
the BLS built the earliest index retroactively from retail price records collected starting
in 1913, which makes every dollar figure on this site ultimately anchored to that year’s
prices. It was also the year the machinery of modern federal economic policy was built. The
16th Amendment, ratified in February, cleared the constitutional path for a federal income
tax, and the Revenue Act that followed in October imposed a top rate of just 7% on income
above $500,000, a narrow tax that would later be reshaped into the broad-based system that
funds the government today. In December, Congress passed the Federal Reserve Act, creating
the central bank that would eventually take on fighting inflation as one of its core jobs,
including the 19%-plus interest rates it deployed against the 1970s and early 1980s
price surge. Consumer life in 1913 was correspondingly simple by later
standards: a first-class stamp cost 2 cents, a price that held from 1885 all the way to
1917, and the Ford Motor Company introduced the moving assembly line at its Highland Park
plant that year, a manufacturing breakthrough that would spend the next decade driving down
the cost of a car faster than prices elsewhere were rising.
Every 1913 amount converts to 2011 at the same ratio, 22.72: $1,000 becomes
$22,721, and $10,000 becomes $227,211.
Amount in 1913
Value in 2011
$1.00
$22.72
$5.00
$114
$10.00
$227
$20.00
$454
$50.00
$1,136
$100
$2,272
$500
$11,361
$1,000
$22,721
$5,000
$113,606
$10,000
$227,211
$100,000
$2,272,111
$1,000,000
$22,721,111
Inflation by spending category, 1913–2011
The headline number is an average; here is what $100 of 1913
spending costs in 2011, by category:
Category
Avg. yearly inflation
$100 in 1913 →
All items (CPI-U)
3.24%
$2,272
Food
3.24%
$2,278
Not shown because the BLS began these indexes after 1913: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), apparel (1914–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1913 to 2011
Prices climbed fastest in the 1910s, averaging 10.57% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1913–2011 change:
Years
Avg. yearly inflation
Price change
$100 from 1913, at end
1913–1920
10.57%
102.0%
$202
1920–1930
-1.79%
-16.5%
$169
1930–1940
-1.75%
-16.2%
$141
1940–1950
5.58%
72.1%
$243
1950–1960
2.08%
22.8%
$299
1960–1970
2.74%
31.1%
$392
1970–1980
7.82%
112.4%
$832
1980–1990
4.72%
58.6%
$1,320
1990–2000
2.80%
31.8%
$1,739
2000–2010
2.39%
26.6%
$2,203
2010–2011
3.16%
3.2%
$2,272
Year by year: CPI and the value of $100 from 1913
$100 from 1913 had already become $309 by
1963, on its way to $2,272 in 2011; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 18.0% in 1918, and prices fell 10.5% in 1921, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2011
In 2011, prices rose 3.2% and $100 from 1913 had the buying
power of $2,272; the year's average CPI of 224.939 is the level
behind every 2011 figure on this page.
2011 brought the fastest inflation of the post-recession recovery. Consumer
prices rose 3.2%, roughly double the 2010 pace, and the cause was mostly at the
pump and the grocery store. Unrest across the Middle East and North Africa,
including the war in Libya, pushed gasoline to an annual average of $3.52 a
gallon, the highest yearly figure recorded to that point. Food prices also
rose faster than the overall index.
Household budgets did not keep up. The median household income was $50,054,
barely above the year before, and the median new home sold for about $227,200.
The federal minimum wage stayed at $7.25 and a first-class stamp at 44 cents.
Policy stayed loose. The Federal Reserve kept its policy rate near zero and
launched Operation Twist in September to lower long-term rates. Washington
spent the summer in a debt-ceiling fight that ended in S&P’s August downgrade
of the U.S. credit rating. The inflation spike proved temporary: the
2011 rate was the high point of the early 2010s, and prices grew more slowly
in every year that followed until 2017.
MLA: “Inflation from 1913 to 2011: $100 is worth $2,272 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1913-to-2011/
APA: InflationCalculator.com. Inflation from 1913 to 2011. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1913-to-2011/