Between 1916 and 1918, the Consumer Price Index went from 10.9 to 15.1.
Cumulatively, prices increased 38.5%, which works out to an average of
17.70% per year. Put differently, a dollar in 1916 bought what
$0.72 buys in 1918.
Common amounts: 1916 dollars in 1918
Amount in 1916
Value in 1918
$1.00
$1.39
$5.00
$6.93
$10.00
$13.85
$20.00
$27.71
$50.00
$69.27
$100
$139
$500
$693
$1,000
$1,385
$5,000
$6,927
$10,000
$13,853
$100,000
$138,532
$1,000,000
$1,385,321
Inflation by spending category, 1916–1918
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1916 spending costs in 1918, by category:
Category
Avg. yearly inflation
$100 in 1916 →
All items (CPI-U)
17.70%
$139
Apparel
27.48%
$163
Food
21.57%
$148
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 1918: $100 is worth $139 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1916-to-1918/
APA: InflationCalculator.com. Inflation from 1916 to 1918. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1916-to-1918/