U.S. inflation · 1922–1983
$100 in 1922 has the same buying power as
$593
in 1983
| Cumulative price change | 492.9% |
|---|---|
| Average inflation rate | 2.96% per year |
| Converted amount ($100 base) | $593 |
| Price difference ($100 base) | $493 |
| CPI in 1922 | 16.8 |
| CPI in 1983 | 99.6 |
| Inflation in 1922 | -6.15% |
| Inflation in 1983 | 3.21% |
| $100 in 1922 → 1983 | $593 |
| $100 in 1983 → 1922 | $16.87 |
Between 1922 and 1983, the Consumer Price Index went from 16.8 to 99.6. Cumulatively, prices increased 492.9%, which works out to an average of 2.96% per year. Put differently, a dollar in 1922 bought what $0.17 buys in 1983.
| Amount in 1922 | Value in 1983 |
|---|---|
| $1.00 | $5.93 |
| $5.00 | $29.64 |
| $10.00 | $59.29 |
| $20.00 | $119 |
| $50.00 | $296 |
| $100 | $593 |
| $500 | $2,964 |
| $1,000 | $5,929 |
| $5,000 | $29,643 |
| $10,000 | $59,286 |
| $100,000 | $592,857 |
| $1,000,000 | $5,928,571 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1922 spending costs in 1983, by category:
| Category | Avg. yearly inflation | $100 in 1922 → |
|---|---|---|
| All items (CPI-U) | 2.96% | $593 |
| Food | 3.16% | $667 |
| Apparel | 2.17% | $371 |
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 |
| 1927 | 17.4 | -1.7% | $104 |
| 1932 | 13.7 | -9.9% | $81.55 |
| 1937 | 14.4 | 3.6% | $85.71 |
| 1942 | 16.3 | 10.9% | $97.02 |
| 1947 | 22.3 | 14.4% | $133 |
| 1952 | 26.5 | 1.9% | $158 |
| 1957 | 28.1 | 3.3% | $167 |
| 1962 | 30.2 | 1.0% | $180 |
| 1967 | 33.4 | 3.1% | $199 |
| 1972 | 41.8 | 3.2% | $249 |
| 1977 | 60.6 | 6.5% | $361 |
| 1982 | 96.5 | 6.2% | $574 |
| 1983 | 99.6 | 3.2% | $593 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1922 to 1983: $100 is worth $593 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1922-to-1983/
APA: InflationCalculator.com. Inflation from 1922 to 1983. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1922-to-1983/
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.