$100 in 1916 is worth $1,625 in 2001,
because prices increased 1524.8% over that period, an average of
3.33% a year.
$100 in 1916 has
the same buying power as
$1,625
in 2001
Detailed inflation statistics
Cumulative price change
1524.8%
Average inflation rate
3.33% per year
Converted amount ($100 base)
$1,625
Price difference ($100 base)
$1,525
CPI in 1916
10.9
CPI in 2001
177.1
Inflation in 1916
7.92%
Inflation in 2001
2.85%
$100 in 1916 → 2001
$1,625
$100 in 2001 → 1916
$6.15
What happened to prices between 1916 and 2001
Between 1916 and 2001, the Consumer Price Index went from 10.9 to 177.1.
Cumulatively, prices increased 1524.8%, which works out to an average of
3.33% per year. Put differently, a dollar in 1916 bought what
$0.06 buys in 2001: the 1916 dollar
lost 93.8% of its purchasing power over
these 85 years.
1916 was when World War I first showed up clearly in American price tags.
Consumer prices rose 7.9% for the year, easily the sharpest increase since
the Bureau of Labor Statistics’ CPI history begins in 1913, as factories ran
flat out to fill steel, munitions, and food orders from Britain and France.
Railroad workers felt the squeeze from rising living costs enough to threaten
a nationwide strike; Congress headed it off in September with the Adamson
Act, which set an eight-hour standard workday for interstate rail employees,
the first federal law of its kind covering private-sector hours. Washington
was also preparing more directly for war: the National Defense Act, signed
in June, expanded the Army and National Guard and funded new
government-owned munitions plants, adding another source of demand to an
economy already running hot. Woodrow Wilson won re-election in November
largely on having kept the country out of the fighting so far, a promise
that would not survive the following spring. A first-class stamp still cost
2 cents, one of the few prices that had not yet moved.
Every 1916 amount converts to 2001 at the same ratio, 16.25: $1,000 becomes
$16,248, and $10,000 becomes $162,477.
Amount in 1916
Value in 2001
$1.00
$16.25
$5.00
$81.24
$10.00
$162
$20.00
$325
$50.00
$812
$100
$1,625
$500
$8,124
$1,000
$16,248
$5,000
$81,239
$10,000
$162,477
$100,000
$1,624,771
$1,000,000
$16,247,706
Inflation by spending category, 1916–2001
Between 1916 and 2001, food rose the most, up 1431.9%, while apparel rose the least, up 657.7%, against 1524.8% for all items. The headline number is an average; here is what $100 of 1916
spending costs in 2001, by category:
Category
Avg. yearly inflation
$100 in 1916 →
All items (CPI-U)
3.33%
$1,625
Food
3.26%
$1,532
Apparel
2.41%
$758
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–).
Decade by decade: 1916 to 2001
Prices climbed fastest in the 1910s, averaging 16.39% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1916–2001 change:
Years
Avg. yearly inflation
Price change
$100 from 1916, at end
1916–1920
16.39%
83.5%
$183
1920–1930
-1.79%
-16.5%
$153
1930–1940
-1.75%
-16.2%
$128
1940–1950
5.58%
72.1%
$221
1950–1960
2.08%
22.8%
$272
1960–1970
2.74%
31.1%
$356
1970–1980
7.82%
112.4%
$756
1980–1990
4.72%
58.6%
$1,199
1990–2000
2.80%
31.8%
$1,580
2000–2001
2.85%
2.8%
$1,625
Year by year: CPI and the value of $100 from 1916
$100 from 1916 had already become $250 by
1956, on its way to $1,625 in 2001; 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: 2001
In 2001, prices rose 2.8% and $100 from 1916 had the buying
power of $1,625; the year's average CPI of 177.1 is the level
behind every 2001 figure on this page.
Inflation fell to 2.8% in 2001 from 3.4% the year before, as a recession that began in March
cut demand and gasoline slid to an average of $1.46 a gallon. The median household earned about
$42,200, roughly flat from 2000, and a new home cost about $175,200. The Federal Reserve cut its
policy rate 11 times over the year, from 6.5% to 1.75%, the lowest since 1961. After the
September 11 attacks, U.S. stock markets closed for four trading days, and air travel dropped
sharply until the following year. Congress had already passed a $1.35 trillion tax cut in June,
which included rebate checks of up to $600. The National Bureau of Economic Research dates the
recession’s end at November, but unemployment kept rising into 2003. A first-class stamp went to
34 cents in January, and the federal minimum wage stayed at $5.15. The Fed’s cuts were the
first step in a long period of very cheap borrowing that would fuel the housing boom.
MLA: “Inflation from 1916 to 2001: $100 is worth $1,625 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1916-to-2001/
APA: InflationCalculator.com. Inflation from 1916 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1916-to-2001/