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 1918
Value 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–).
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/