U.S. inflation · 1918–1921

Value of $100 in 1918, adjusted to 1921

$100 in 1918 has the same buying power as

$119

in 1921

$100$116$13219181921$100 · 1918$119 · 1921
Detailed inflation statistics
Cumulative price change18.5%
Average inflation rate5.83% per year
Converted amount ($100 base)$119
Price difference ($100 base)$18.54
CPI in 191815.1
CPI in 192117.9
Inflation in 191817.97%
Inflation in 1921-10.50%
$100 in 19181921$119
$100 in 19211918$84.36

What happened to prices between 1918 and 1921

Between 1918 and 1921, the Consumer Price Index went from 15.1 to 17.9. Cumulatively, prices increased 18.5%, which works out to an average of 5.83% per year. Put differently, a dollar in 1918 bought what $0.84 buys in 1921.

Common amounts: 1918 dollars in 1921

Amount in 1918Value in 1921
$1.00$1.19
$5.00$5.93
$10.00$11.85
$20.00$23.71
$50.00$59.27
$100$119
$500$593
$1,000$1,185
$5,000$5,927
$10,000$11,854
$100,000$118,543
$1,000,000$1,185,430

Inflation by spending category, 1918–1921

The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1918 spending costs in 1921, by category:

Category Avg. yearly inflation $100 in 1918 →
All items (CPI-U) 5.83% $119
Apparel 6.74% $122
Food -1.62% $95.21

Not shown because the BLS began these indexes after 1918: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).

Year by year: CPI and the value of $100 from 1918

Year CPI Inflation rate $100 from 1918
1918 15.1 18.0% $100
1919 17.3 14.6% $115
1920 20 15.6% $132
1921 17.9 -10.5% $119

Cite this page

MLA: “Inflation from 1918 to 1921: $100 is worth $119 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1918-to-1921/

APA: InflationCalculator.com. Inflation from 1918 to 1921. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1918-to-1921/

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.