$100 in 1914 is worth $2,073 in 2007,
because prices increased 1973.4% over that period, an average of
3.31% a year.
$100 in 1914 has
the same buying power as
$2,073
in 2007
Detailed inflation statistics
Cumulative price change
1973.4%
Average inflation rate
3.31% per year
Converted amount ($100 base)
$2,073
Price difference ($100 base)
$1,973
CPI in 1914
10
CPI in 2007
207.342
Inflation in 1914
1.01%
Inflation in 2007
2.85%
$100 in 1914 → 2007
$2,073
$100 in 2007 → 1914
$4.82
What happened to prices between 1914 and 2007
Between 1914 and 2007, the Consumer Price Index went from 10 to 207.342.
Cumulatively, prices increased 1973.4%, which works out to an average of
3.31% per year. Put differently, a dollar in 1914 bought what
$0.05 buys in 2007: the 1914 dollar
lost 95.2% of its purchasing power over
these 93 years.
Consumer prices barely moved in 1914, rising just 1.0% for the year, even as
the country’s financial plumbing was rebuilt from the ground up. The Federal
Reserve Banks, created by the Federal Reserve Act signed the previous
December, opened their doors on November 16, giving the U.S. a central bank
for the first time since the 1830s. Weeks earlier, the outbreak of war in
Europe had spooked the New York Stock Exchange into closing for more than
four months, the longest shutdown in its history, as officials worried
European investors would dump American securities for gold. Domestically, the
bigger story was labor: Henry Ford’s decision to pay factory workers $5 a
day, announced in January, roughly doubled wages on his assembly lines and
pushed other manufacturers to raise pay just to keep workers from leaving. A
first-class stamp still cost 2 cents, a price that had held since 1885 and
would keep holding for three more years, even as the war reshaping Europe
began pulling the American economy toward the sustained wartime inflation of
1917.
Every 1914 amount converts to 2007 at the same ratio, 20.73: $1,000 becomes
$20,734, and $10,000 becomes $207,342.
Amount in 1914
Value in 2007
$1.00
$20.73
$5.00
$104
$10.00
$207
$20.00
$415
$50.00
$1,037
$100
$2,073
$500
$10,367
$1,000
$20,734
$5,000
$103,671
$10,000
$207,342
$100,000
$2,073,420
$1,000,000
$20,734,200
Inflation by spending category, 1914–2007
Between 1914 and 2007, food rose the most, up 1889.4%, while apparel rose the least, up 693.3%, against 1973.4% for all items. The headline number is an average; here is what $100 of 1914
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1914 →
All items (CPI-U)
3.31%
$2,073
Food
3.27%
$1,989
Apparel
2.25%
$793
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–).
Decade by decade: 1914 to 2007
Prices climbed fastest in the 1910s, averaging 12.25% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1914–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1914, at end
1914–1920
12.25%
100.0%
$200
1920–1930
-1.79%
-16.5%
$167
1930–1940
-1.75%
-16.2%
$140
1940–1950
5.58%
72.1%
$241
1950–1960
2.08%
22.8%
$296
1960–1970
2.74%
31.1%
$388
1970–1980
7.82%
112.4%
$824
1980–1990
4.72%
58.6%
$1,307
1990–2000
2.80%
31.8%
$1,722
2000–2007
2.69%
20.4%
$2,073
Year by year: CPI and the value of $100 from 1914
$100 from 1914 had already become $291 by
1959, on its way to $2,073 in 2007; 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: 2007
In 2007, prices rose 2.8% and $100 from 1914 had the buying
power of $2,073; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1914 to 2007: $100 is worth $2,073 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1914-to-2007/
APA: InflationCalculator.com. Inflation from 1914 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1914-to-2007/