U.S. inflation · 1922–1973
$100 in 1922 has the same buying power as
$264
in 1973
| Cumulative price change | 164.3% |
|---|---|
| Average inflation rate | 1.92% per year |
| Converted amount ($100 base) | $264 |
| Price difference ($100 base) | $164 |
| CPI in 1922 | 16.8 |
| CPI in 1973 | 44.4 |
| Inflation in 1922 | -6.15% |
| Inflation in 1973 | 6.22% |
| $100 in 1922 → 1973 | $264 |
| $100 in 1973 → 1922 | $37.84 |
Between 1922 and 1973, the Consumer Price Index went from 16.8 to 44.4. Cumulatively, prices increased 164.3%, which works out to an average of 1.92% per year. Put differently, a dollar in 1922 bought what $0.38 buys in 1973.
| Amount in 1922 | Value in 1973 |
|---|---|
| $1.00 | $2.64 |
| $5.00 | $13.21 |
| $10.00 | $26.43 |
| $20.00 | $52.86 |
| $50.00 | $132 |
| $100 | $264 |
| $500 | $1,321 |
| $1,000 | $2,643 |
| $5,000 | $13,214 |
| $10,000 | $26,429 |
| $100,000 | $264,286 |
| $1,000,000 | $2,642,857 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1922 spending costs in 1973, by category:
| Category | Avg. yearly inflation | $100 in 1922 → |
|---|---|---|
| All items (CPI-U) | 1.92% | $264 |
| Food | 2.33% | $323 |
| Apparel | 1.73% | $239 |
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 |
| 1924 | 17.1 | 0.0% | $102 |
| 1926 | 17.7 | 1.1% | $105 |
| 1928 | 17.1 | -1.7% | $102 |
| 1930 | 16.7 | -2.3% | $99.40 |
| 1932 | 13.7 | -9.9% | $81.55 |
| 1934 | 13.4 | 3.1% | $79.76 |
| 1936 | 13.9 | 1.5% | $82.74 |
| 1938 | 14.1 | -2.1% | $83.93 |
| 1940 | 14 | 0.7% | $83.33 |
| 1942 | 16.3 | 10.9% | $97.02 |
| 1944 | 17.6 | 1.7% | $105 |
| 1946 | 19.5 | 8.3% | $116 |
| 1948 | 24.1 | 8.1% | $143 |
| 1950 | 24.1 | 1.3% | $143 |
| 1952 | 26.5 | 1.9% | $158 |
| 1954 | 26.9 | 0.7% | $160 |
| 1956 | 27.2 | 1.5% | $162 |
| 1958 | 28.9 | 2.8% | $172 |
| 1960 | 29.6 | 1.7% | $176 |
| 1962 | 30.2 | 1.0% | $180 |
| 1964 | 31 | 1.3% | $185 |
| 1966 | 32.4 | 2.9% | $193 |
| 1968 | 34.8 | 4.2% | $207 |
| 1970 | 38.8 | 5.7% | $231 |
| 1972 | 41.8 | 3.2% | $249 |
| 1973 | 44.4 | 6.2% | $264 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1922 to 1973: $100 is worth $264 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1922-to-1973/
APA: InflationCalculator.com. Inflation from 1922 to 1973. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1922-to-1973/
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.