U.S. inflation · 1915–1923
$100 in 1915 has the same buying power as
$169
in 1923
| Cumulative price change | 69.3% |
|---|---|
| Average inflation rate | 6.80% per year |
| Converted amount ($100 base) | $169 |
| Price difference ($100 base) | $69.31 |
| CPI in 1915 | 10.1 |
| CPI in 1923 | 17.1 |
| Inflation in 1915 | 1.00% |
| Inflation in 1923 | 1.79% |
| $100 in 1915 → 1923 | $169 |
| $100 in 1923 → 1915 | $59.06 |
Between 1915 and 1923, the Consumer Price Index went from 10.1 to 17.1. Cumulatively, prices increased 69.3%, which works out to an average of 6.80% per year. Put differently, a dollar in 1915 bought what $0.59 buys in 1923.
| Amount in 1915 | Value in 1923 |
|---|---|
| $1.00 | $1.69 |
| $5.00 | $8.47 |
| $10.00 | $16.93 |
| $20.00 | $33.86 |
| $50.00 | $84.65 |
| $100 | $169 |
| $500 | $847 |
| $1,000 | $1,693 |
| $5,000 | $8,465 |
| $10,000 | $16,931 |
| $100,000 | $169,307 |
| $1,000,000 | $1,693,069 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1915 spending costs in 1923, by category:
| Category | Avg. yearly inflation | $100 in 1915 → |
|---|---|---|
| All items (CPI-U) | 6.80% | $169 |
| Apparel | 7.41% | $177 |
| Food | 5.55% | $154 |
Not shown because the BLS began these indexes after 1915: 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 1915 |
|---|---|---|---|
| 1915 | 10.1 | 1.0% | $100 |
| 1916 | 10.9 | 7.9% | $108 |
| 1917 | 12.8 | 17.4% | $127 |
| 1918 | 15.1 | 18.0% | $150 |
| 1919 | 17.3 | 14.6% | $171 |
| 1920 | 20 | 15.6% | $198 |
| 1921 | 17.9 | -10.5% | $177 |
| 1922 | 16.8 | -6.1% | $166 |
| 1923 | 17.1 | 1.8% | $169 |
MLA: “Inflation from 1915 to 1923: $100 is worth $169 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1915-to-1923/
APA: InflationCalculator.com. Inflation from 1915 to 1923. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1915-to-1923/
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.