U.S. inflation · 1921–1998
$100 in 1921 has the same buying power as
$911
in 1998
| Cumulative price change | 810.6% |
|---|---|
| Average inflation rate | 2.91% per year |
| Converted amount ($100 base) | $911 |
| Price difference ($100 base) | $811 |
| CPI in 1921 | 17.9 |
| CPI in 1998 | 163 |
| Inflation in 1921 | -10.50% |
| Inflation in 1998 | 1.56% |
| $100 in 1921 → 1998 | $911 |
| $100 in 1998 → 1921 | $10.98 |
Between 1921 and 1998, the Consumer Price Index went from 17.9 to 163. Cumulatively, prices increased 810.6%, which works out to an average of 2.91% per year. Put differently, a dollar in 1921 bought what $0.11 buys in 1998.
| Amount in 1921 | Value in 1998 |
|---|---|
| $1.00 | $9.11 |
| $5.00 | $45.53 |
| $10.00 | $91.06 |
| $20.00 | $182 |
| $50.00 | $455 |
| $100 | $911 |
| $500 | $4,553 |
| $1,000 | $9,106 |
| $5,000 | $45,531 |
| $10,000 | $91,061 |
| $100,000 | $910,615 |
| $1,000,000 | $9,106,145 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1921 spending costs in 1998, by category:
| Category | Avg. yearly inflation | $100 in 1921 → |
|---|---|---|
| All items (CPI-U) | 2.91% | $911 |
| Food | 3.05% | $1,011 |
| Apparel | 1.82% | $401 |
Not shown because the BLS began these indexes after 1921: 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 1921 |
|---|---|---|---|
| 1921 | 17.9 | -10.5% | $100 |
| 1926 | 17.7 | 1.1% | $98.88 |
| 1931 | 15.2 | -9.0% | $84.92 |
| 1936 | 13.9 | 1.5% | $77.65 |
| 1941 | 14.7 | 5.0% | $82.12 |
| 1946 | 19.5 | 8.3% | $109 |
| 1951 | 26 | 7.9% | $145 |
| 1956 | 27.2 | 1.5% | $152 |
| 1961 | 29.9 | 1.0% | $167 |
| 1966 | 32.4 | 2.9% | $181 |
| 1971 | 40.5 | 4.4% | $226 |
| 1976 | 56.9 | 5.8% | $318 |
| 1981 | 90.9 | 10.3% | $508 |
| 1986 | 109.6 | 1.9% | $612 |
| 1991 | 136.2 | 4.2% | $761 |
| 1996 | 156.9 | 3.0% | $877 |
| 1998 | 163 | 1.6% | $911 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1921 to 1998: $100 is worth $911 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1921-to-1998/
APA: InflationCalculator.com. Inflation from 1921 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1921-to-1998/
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.