U.S. inflation · 1920–1927
$100 in 1920 has the same buying power as
$87.00
in 1927
| Cumulative price change | -13.0% |
|---|---|
| Average inflation rate | -1.97% per year |
| Converted amount ($100 base) | $87.00 |
| Price difference ($100 base) | -$13.00 |
| CPI in 1920 | 20 |
| CPI in 1927 | 17.4 |
| Inflation in 1920 | 15.61% |
| Inflation in 1927 | -1.69% |
| $100 in 1920 → 1927 | $87.00 |
| $100 in 1927 → 1920 | $115 |
Between 1920 and 1927, the Consumer Price Index went from 20 to 17.4. Cumulatively, prices declined 13.0%, which works out to an average of -1.97% per year. Put differently, a dollar in 1920 bought what $1.15 buys in 1927.
| Amount in 1920 | Value in 1927 |
|---|---|
| $1.00 | $0.87 |
| $5.00 | $4.35 |
| $10.00 | $8.70 |
| $20.00 | $17.40 |
| $50.00 | $43.50 |
| $100 | $87.00 |
| $500 | $435 |
| $1,000 | $870 |
| $5,000 | $4,350 |
| $10,000 | $8,700 |
| $100,000 | $87,000 |
| $1,000,000 | $870,000 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1920 spending costs in 1927, by category:
| Category | Avg. yearly inflation | $100 in 1920 → |
|---|---|---|
| All items (CPI-U) | -1.97% | $87.00 |
| Food | -3.47% | $78.10 |
| Apparel | -7.33% | $58.70 |
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 |
| 1923 | 17.1 | 1.8% | $85.50 |
| 1924 | 17.1 | 0.0% | $85.50 |
| 1925 | 17.5 | 2.3% | $87.50 |
| 1926 | 17.7 | 1.1% | $88.50 |
| 1927 | 17.4 | -1.7% | $87.00 |
MLA: “Inflation from 1920 to 1927: $100 is worth $87.00 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1920-to-1927/
APA: InflationCalculator.com. Inflation from 1920 to 1927. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1920-to-1927/
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.