$100 in 1919 is worth $1,813 in 2024,
because prices increased 1713.2% over that period, an average of
2.80% a year.
$100 in 1919 has
the same buying power as
$1,813
in 2024
Detailed inflation statistics
Cumulative price change
1713.2%
Average inflation rate
2.80% per year
Converted amount ($100 base)
$1,813
Price difference ($100 base)
$1,713
CPI in 1919
17.3
CPI in 2024
313.689
Inflation in 1919
14.57%
Inflation in 2024
2.95%
$100 in 1919 → 2024
$1,813
$100 in 2024 → 1919
$5.52
What happened to prices between 1919 and 2024
Between 1919 and 2024, the Consumer Price Index went from 17.3 to 313.689.
Cumulatively, prices increased 1713.2%, which works out to an average of
2.80% per year. Put differently, a dollar in 1919 bought what
$0.06 buys in 2024: the 1919 dollar
lost 94.5% of its purchasing power over
these 105 years.
The fighting in Europe ended in November 1918, but American prices kept
climbing through 1919 almost as fast as they had during the war itself,
rising 14.6% for the year. Wartime price and production controls were being
dismantled, millions of soldiers were returning to the civilian labor
market, and demand that had been held back for years ran into supply that
had not caught up, a combination that kept the cost of living rising even
with the guns silent. Workers, whose pay had fallen behind three straight
years of double-digit inflation, pushed back: a general strike shut down
Seattle in February, Boston’s police force walked out in September, and a
nationwide steel strike that same month drew in roughly 350,000 workers and
ran into the following January. One price did fall that year: first-class
postage reverted to 2 cents on July 1, ending the wartime 3-cent rate that
had funded part of the war effort since late 1917. By year’s end, prices had
risen close to 75% since the CPI’s 1913 starting point,
compressing more than a decade of typical peacetime inflation into six years
of war and its aftermath.
Every 1919 amount converts to 2024 at the same ratio, 18.13: $1,000 becomes
$18,132, and $10,000 becomes $181,323.
Amount in 1919
Value in 2024
$1.00
$18.13
$5.00
$90.66
$10.00
$181
$20.00
$363
$50.00
$907
$100
$1,813
$500
$9,066
$1,000
$18,132
$5,000
$90,662
$10,000
$181,323
$100,000
$1,813,231
$1,000,000
$18,132,312
Inflation by spending category, 1919–2024
Between 1919 and 2024, food rose the most, up 1675.6%, while apparel rose the least, up 263.2%, against 1713.2% for all items. The headline number is an average; here is what $100 of 1919
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1919 →
All items (CPI-U)
2.80%
$1,813
Food
2.78%
$1,776
Apparel
1.24%
$363
Not shown because the BLS began these indexes after 1919: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1919 to 2024
Prices climbed fastest in the 1910s, averaging 15.61% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1919–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 1919, at end
1919–1920
15.61%
15.6%
$116
1920–1930
-1.79%
-16.5%
$96.53
1930–1940
-1.75%
-16.2%
$80.92
1940–1950
5.58%
72.1%
$139
1950–1960
2.08%
22.8%
$171
1960–1970
2.74%
31.1%
$224
1970–1980
7.82%
112.4%
$476
1980–1990
4.72%
58.6%
$755
1990–2000
2.80%
31.8%
$995
2000–2010
2.39%
26.6%
$1,260
2010–2020
1.73%
18.7%
$1,496
2020–2024
4.93%
21.2%
$1,813
Year by year: CPI and the value of $100 from 1919
$100 from 1919 had already become $212 by
1969, on its way to $1,813 in 2024; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 15.6% in 1920, 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: 2024
In 2024, prices rose 2.9% and $100 from 1919 had the buying
power of $1,813; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1919 to 2024: $100 is worth $1,813 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1919-to-2024/
APA: InflationCalculator.com. Inflation from 1919 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1919-to-2024/