U.S. inflation · 1915–1952

Value of $100 in 1915, adjusted to 1952

$100 in 1915 is worth $262 in 1952, because prices increased 162.4% over that period, an average of 2.64% a year.

$100 in 1915 has the same buying power as

$262

in 1952

$100$181$26219151924193419431952$100 · 1915$262 · 1952
Detailed inflation statistics
Cumulative price change162.4%
Average inflation rate2.64% per year
Converted amount ($100 base)$262
Price difference ($100 base)$162
CPI in 191510.1
CPI in 195226.5
Inflation in 19151.00%
Inflation in 19521.92%
$100 in 1915 → 1952$262
$100 in 1952 → 1915$38.11

What happened to prices between 1915 and 1952

Between 1915 and 1952, the Consumer Price Index went from 10.1 to 26.5. Cumulatively, prices increased 162.4%, which works out to an average of 2.64% per year. Put differently, a dollar in 1915 bought what $0.38 buys in 1952: the 1915 dollar lost 61.9% of its purchasing power over these 37 years.

Consumer prices rose 1.0% in 1915, the second straight year of near-flat inflation before the wartime price surges of 1916 through 1918. The year’s defining event had nothing to do with prices directly: a German submarine sank the British liner Lusitania off the Irish coast on May 7, killing 128 Americans and hardening U.S. opinion against Germany two years before the country entered the war. Economically, 1915 was a turning point of a different kind. A recession that had dragged on since 1913 began lifting as Britain and France placed growing orders for steel, munitions, and other war materiel with American manufacturers, and U.S. exports to the Allied powers climbed sharply through the year. That demand would keep building through 1916, eventually pulling prices up with it. On the regulatory side, the Federal Trade Commission opened for business in March, taking on enforcement of the Clayton Antitrust Act that Congress had passed the previous fall. A first-class stamp still cost 2 cents, unchanged since 1885 and still two years from its first wartime increase.

More about inflation in 1915 →

Common amounts: 1915 dollars in 1952

Every 1915 amount converts to 1952 at the same ratio, 2.62: $1,000 becomes $2,624, and $10,000 becomes $26,238.

Amount in 1915Value in 1952
$1.00$2.62
$5.00$13.12
$10.00$26.24
$20.00$52.48
$50.00$131
$100$262
$500$1,312
$1,000$2,624
$5,000$13,119
$10,000$26,238
$100,000$262,376
$1,000,000$2,623,762

Inflation by spending category, 1915–1952

Between 1915 and 1952, food rose the most, up 187.0%, while apparel rose the least, up 184.3%, against 162.4% for all items. The headline number is an average; here is what $100 of 1915 spending costs in 1952, by category:

Category Avg. yearly inflation $100 in 1915 →
All items (CPI-U) 2.64% $262
Food 2.89% $287
Apparel 2.86% $284

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–).

Decade by decade: 1915 to 1952

Prices climbed fastest in the 1910s, averaging 14.64% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1915–1952 change:

Years Avg. yearly inflation Price change $100 from 1915, at end
1915–1920 14.64% 98.0% $198
1920–1930 -1.79% -16.5% $165
1930–1940 -1.75% -16.2% $139
1940–1950 5.58% 72.1% $239
1950–1952 4.86% 10.0% $262

Year by year: CPI and the value of $100 from 1915

$100 from 1915 had already become $129 by 1933, on its way to $262 in 1952; 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.

Year CPI Inflation rate $100 from 1915
1915 10.1 1.0% $100
1917 12.8 17.4% $127
1919 17.3 14.6% $171
1921 17.9 -10.5% $177
1923 17.1 1.8% $169
1925 17.5 2.3% $173
1927 17.4 -1.7% $172
1929 17.1 0.0% $169
1931 15.2 -9.0% $150
1933 13 -5.1% $129
1935 13.7 2.2% $136
1937 14.4 3.6% $143
1939 13.9 -1.4% $138
1941 14.7 5.0% $146
1943 17.3 6.1% $171
1945 18 2.3% $178
1947 22.3 14.4% $221
1949 23.8 -1.2% $236
1951 26 7.9% $257
1952 26.5 1.9% $262

Long periods are sampled every 2 years; the calculator above covers any pair of years.

The destination year: 1952

In 1952, prices rose 1.9% and $100 from 1915 had the buying power of $262; the year's average CPI of 26.5 is the level behind every 1952 figure on this page.

Consumer prices rose 1.9% in 1952, down sharply from 1951’s 7.9% as the price and wage controls imposed the year before held the cost of living in check even with the Korean War still underway. Labor strife tested those controls that spring: to head off a strike that could have disrupted war production, President Truman ordered the government to seize the steel industry that April, over the objections of steel companies fighting the price the Office of Price Stabilization had set for their product. The Supreme Court ruled the seizure unconstitutional in Youngstown Sheet & Tube Co. v. Sawyer that June, a landmark limit on presidential power, and steelworkers then struck for 53 days before a settlement. Politics delivered the year’s biggest change that November: Dwight Eisenhower defeated Adlai Stevenson, promising to “go to Korea” to end the war and returning Republicans to the White House for the first time since 1933. The Cold War’s technological edge sharpened that same month, when the United States tested the first hydrogen bomb at Enewetak Atoll on November 1, a device hundreds of times more powerful than the atomic bombs used against Japan in 1945. Consumer prices finished 1952 167.7% above their 1913 level. First-class postage held at 3 cents, and the minimum wage stayed at 75 cents an hour.

More about inflation in 1952 →

Cite this page

MLA: “Inflation from 1915 to 1952: $100 is worth $262 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1915-to-1952/

APA: InflationCalculator.com. Inflation from 1915 to 1952. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1915-to-1952/

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.