U.S. inflation · 1920–1922
$100 in 1920 has the same buying power as
$84.00
in 1922
| Cumulative price change | -16.0% |
|---|---|
| Average inflation rate | -8.35% per year |
| Converted amount ($100 base) | $84.00 |
| Price difference ($100 base) | -$16.00 |
| CPI in 1920 | 20 |
| CPI in 1922 | 16.8 |
| Inflation in 1920 | 15.61% |
| Inflation in 1922 | -6.15% |
| $100 in 1920 → 1922 | $84.00 |
| $100 in 1922 → 1920 | $119 |
Between 1920 and 1922, the Consumer Price Index went from 20 to 16.8. Cumulatively, prices declined 16.0%, which works out to an average of -8.35% per year. Put differently, a dollar in 1920 bought what $1.19 buys in 1922.
| Amount in 1920 | Value in 1922 |
|---|---|
| $1.00 | $0.84 |
| $5.00 | $4.20 |
| $10.00 | $8.40 |
| $20.00 | $16.80 |
| $50.00 | $42.00 |
| $100 | $84.00 |
| $500 | $420 |
| $1,000 | $840 |
| $5,000 | $4,200 |
| $10,000 | $8,400 |
| $100,000 | $84,000 |
| $1,000,000 | $840,000 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1920 spending costs in 1922, by category:
| Category | Avg. yearly inflation | $100 in 1920 → |
|---|---|---|
| All items (CPI-U) | -8.35% | $84.00 |
| Food | -15.77% | $70.95 |
| Apparel | -20.85% | $62.65 |
Not shown because the BLS began these indexes after 1920: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1920 |
|---|---|---|---|
| 1920 | 20 | 15.6% | $100 |
| 1921 | 17.9 | -10.5% | $89.50 |
| 1922 | 16.8 | -6.1% | $84.00 |
MLA: “Inflation from 1920 to 1922: $100 is worth $84.00 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1920-to-1922/
APA: InflationCalculator.com. Inflation from 1920 to 1922. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1920-to-1922/
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.