U.S. inflation · 1922–1928
$100 in 1922 has the same buying power as
$102
in 1928
| Cumulative price change | 1.8% |
|---|---|
| Average inflation rate | 0.30% per year |
| Converted amount ($100 base) | $102 |
| Price difference ($100 base) | $1.79 |
| CPI in 1922 | 16.8 |
| CPI in 1928 | 17.1 |
| Inflation in 1922 | -6.15% |
| Inflation in 1928 | -1.72% |
| $100 in 1922 → 1928 | $102 |
| $100 in 1928 → 1922 | $98.25 |
Between 1922 and 1928, the Consumer Price Index went from 16.8 to 17.1. Cumulatively, prices increased 1.8%, which works out to an average of 0.30% per year. Put differently, a dollar in 1922 bought what $0.98 buys in 1928.
| Amount in 1922 | Value in 1928 |
|---|---|
| $1.00 | $1.02 |
| $5.00 | $5.09 |
| $10.00 | $10.18 |
| $20.00 | $20.36 |
| $50.00 | $50.89 |
| $100 | $102 |
| $500 | $509 |
| $1,000 | $1,018 |
| $5,000 | $5,089 |
| $10,000 | $10,179 |
| $100,000 | $101,786 |
| $1,000,000 | $1,017,857 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1922 spending costs in 1928, by category:
| Category | Avg. yearly inflation | $100 in 1922 → |
|---|---|---|
| All items (CPI-U) | 0.30% | $102 |
| Food | 1.51% | $109 |
| Apparel | -1.27% | $92.59 |
Not shown because the BLS began these indexes after 1922: 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 1922 |
|---|---|---|---|
| 1922 | 16.8 | -6.1% | $100 |
| 1923 | 17.1 | 1.8% | $102 |
| 1924 | 17.1 | 0.0% | $102 |
| 1925 | 17.5 | 2.3% | $104 |
| 1926 | 17.7 | 1.1% | $105 |
| 1927 | 17.4 | -1.7% | $104 |
| 1928 | 17.1 | -1.7% | $102 |
MLA: “Inflation from 1922 to 1928: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1922-to-1928/
APA: InflationCalculator.com. Inflation from 1922 to 1928. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1922-to-1928/
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.