Between 1916 and 1917, the Consumer Price Index went from 10.9 to 12.8.
Cumulatively, prices increased 17.4%, which works out to an average of
17.43% per year. Put differently, a dollar in 1916 bought what
$0.85 buys in 1917.
Common amounts: 1916 dollars in 1917
Amount in 1916
Value in 1917
$1.00
$1.17
$5.00
$5.87
$10.00
$11.74
$20.00
$23.49
$50.00
$58.72
$100
$117
$500
$587
$1,000
$1,174
$5,000
$5,872
$10,000
$11,743
$100,000
$117,431
$1,000,000
$1,174,312
Inflation by spending category, 1916–1917
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1916 spending costs in 1917, by category:
Category
Avg. yearly inflation
$100 in 1916 →
All items (CPI-U)
17.43%
$117
Food
28.32%
$128
Apparel
20.24%
$120
Not shown because the BLS began these indexes after 1916: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1916 to 1917: $100 is worth $117 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1916-to-1917/
APA: InflationCalculator.com. Inflation from 1916 to 1917. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1916-to-1917/