$100 in 1913 is worth $2,353 in 2013,
because prices increased 2253.1% over that period, an average of
3.21% a year.
$100 in 1913 has
the same buying power as
$2,353
in 2013
Detailed inflation statistics
Cumulative price change
2253.1%
Average inflation rate
3.21% per year
Converted amount ($100 base)
$2,353
Price difference ($100 base)
$2,253
CPI in 1913
9.9
CPI in 2013
232.957
Inflation in 1913
n/a
Inflation in 2013
1.46%
$100 in 1913 → 2013
$2,353
$100 in 2013 → 1913
$4.25
What happened to prices between 1913 and 2013
Between 1913 and 2013, the Consumer Price Index went from 9.9 to 232.957.
Cumulatively, prices increased 2253.1%, which works out to an average of
3.21% per year. Put differently, a dollar in 1913 bought what
$0.04 buys in 2013: the 1913 dollar
lost 95.8% of its purchasing power over
these 100 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 2013 at the same ratio, 23.53: $1,000 becomes
$23,531, and $10,000 becomes $235,310.
Amount in 1913
Value in 2013
$1.00
$23.53
$5.00
$118
$10.00
$235
$20.00
$471
$50.00
$1,177
$100
$2,353
$500
$11,766
$1,000
$23,531
$5,000
$117,655
$10,000
$235,310
$100,000
$2,353,101
$1,000,000
$23,531,010
Inflation by spending category, 1913–2013
The headline number is an average; here is what $100 of 1913
spending costs in 2013, by category:
Category
Avg. yearly inflation
$100 in 1913 →
All items (CPI-U)
3.21%
$2,353
Food
3.22%
$2,370
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 2013
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 1913–2013 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
2010–2013
2.23%
6.8%
$2,353
Year by year: CPI and the value of $100 from 1913
$100 from 1913 had already become $309 by
1963, on its way to $2,353 in 2013; 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: 2013
In 2013, prices rose 1.5% and $100 from 1913 had the buying
power of $2,353; the year's average CPI of 232.957 is the level
behind every 2013 figure on this page.
2013 was a low-inflation year with a lot of noise around the Federal Reserve.
Consumer prices rose 1.5%, below the Fed’s 2% target, and gasoline eased to an
average of $3.51 a gallon. Housing was the exception: the median new home sold
for about $268,900, up sharply from $245,200 in 2012, as the market recovered
from its post-crisis bottom.
The Fed dominated the news. Chairman Ben Bernanke’s May comments about slowing
bond purchases pushed long-term interest rates up by roughly a percentage
point that summer, and mortgages became more expensive within weeks. In
December the Fed finally announced a first small cut to its purchases while
promising to keep short-term rates near zero for a long time.
Washington added its own disruption. A 16-day government shutdown in October
delayed data releases and left a hole in that month’s CPI collection. Median
household income was reported at $53,585, the federal minimum wage stayed at
$7.25, and a first-class stamp cost 46 cents. The decade’s pattern was taking
shape: slow price growth, ultra-low interest rates, and a labor market that
improved gradually.
MLA: “Inflation from 1913 to 2013: $100 is worth $2,353 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1913-to-2013/
APA: InflationCalculator.com. Inflation from 1913 to 2013. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1913-to-2013/