U.S. inflation · 1914–1934
$100 in 1914 has the same buying power as
$134
in 1934
| Cumulative price change | 34.0% |
|---|---|
| Average inflation rate | 1.47% per year |
| Converted amount ($100 base) | $134 |
| Price difference ($100 base) | $34.00 |
| CPI in 1914 | 10 |
| CPI in 1934 | 13.4 |
| Inflation in 1914 | 1.01% |
| Inflation in 1934 | 3.08% |
| $100 in 1914 → 1934 | $134 |
| $100 in 1934 → 1914 | $74.63 |
Between 1914 and 1934, the Consumer Price Index went from 10 to 13.4. Cumulatively, prices increased 34.0%, which works out to an average of 1.47% per year. Put differently, a dollar in 1914 bought what $0.75 buys in 1934.
| Amount in 1914 | Value in 1934 |
|---|---|
| $1.00 | $1.34 |
| $5.00 | $6.70 |
| $10.00 | $13.40 |
| $20.00 | $26.80 |
| $50.00 | $67.00 |
| $100 | $134 |
| $500 | $670 |
| $1,000 | $1,340 |
| $5,000 | $6,700 |
| $10,000 | $13,400 |
| $100,000 | $134,000 |
| $1,000,000 | $1,340,000 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1914 spending costs in 1934, by category:
| Category | Avg. yearly inflation | $100 in 1914 → |
|---|---|---|
| All items (CPI-U) | 1.47% | $134 |
| Apparel | 1.60% | $137 |
| Food | 0.65% | $114 |
Not shown because the BLS began these indexes after 1914: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1914 |
|---|---|---|---|
| 1914 | 10 | 1.0% | $100 |
| 1915 | 10.1 | 1.0% | $101 |
| 1916 | 10.9 | 7.9% | $109 |
| 1917 | 12.8 | 17.4% | $128 |
| 1918 | 15.1 | 18.0% | $151 |
| 1919 | 17.3 | 14.6% | $173 |
| 1920 | 20 | 15.6% | $200 |
| 1921 | 17.9 | -10.5% | $179 |
| 1922 | 16.8 | -6.1% | $168 |
| 1923 | 17.1 | 1.8% | $171 |
| 1924 | 17.1 | 0.0% | $171 |
| 1925 | 17.5 | 2.3% | $175 |
| 1926 | 17.7 | 1.1% | $177 |
| 1927 | 17.4 | -1.7% | $174 |
| 1928 | 17.1 | -1.7% | $171 |
| 1929 | 17.1 | 0.0% | $171 |
| 1930 | 16.7 | -2.3% | $167 |
| 1931 | 15.2 | -9.0% | $152 |
| 1932 | 13.7 | -9.9% | $137 |
| 1933 | 13 | -5.1% | $130 |
| 1934 | 13.4 | 3.1% | $134 |
MLA: “Inflation from 1914 to 1934: $100 is worth $134 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1914-to-1934/
APA: InflationCalculator.com. Inflation from 1914 to 1934. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1914-to-1934/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.