$100 in 1922 is worth $1,234 in 2007,
because prices increased 1134.2% over that period, an average of
3.00% a year.
$100 in 1922 has
the same buying power as
$1,234
in 2007
Detailed inflation statistics
Cumulative price change
1134.2%
Average inflation rate
3.00% per year
Converted amount ($100 base)
$1,234
Price difference ($100 base)
$1,134
CPI in 1922
16.8
CPI in 2007
207.342
Inflation in 1922
-6.15%
Inflation in 2007
2.85%
$100 in 1922 → 2007
$1,234
$100 in 2007 → 1922
$8.10
What happened to prices between 1922 and 2007
Between 1922 and 2007, the Consumer Price Index went from 16.8 to 207.342.
Cumulatively, prices increased 1134.2%, which works out to an average of
3.00% per year. Put differently, a dollar in 1922 bought what
$0.08 buys in 2007: the 1922 dollar
lost 91.9% of its purchasing power over
these 85 years.
Consumer prices fell another 6.1% in 1922, the second straight year of
decline, even as the broader economy climbed out of the Depression of
1920-21 and industrial production rebounded. The CPI had now given back
roughly a third of its wartime runup, though it stayed well above the
1913 baseline. Congress moved to shield that recovery from
foreign competition: the Fordney-McCumber Tariff Act, signed September 21,
raised duties on hundreds of imported goods to some of the highest levels in
U.S. history, a policy meant to protect farmers and manufacturers still
adjusting to postwar prices. Labor tension flared even as prices fell.
Roughly half a million bituminous coal miners struck that April over wage
cuts employers had imposed as prices dropped, and hundreds of thousands of
railroad shop workers walked out in July in a separate dispute over pay and
work rules, together the largest strike wave since 1919. Both disputes
dragged on for months and drew federal mediation before ending without full
concessions for the workers. First-class postage remained at 2 cents.
Every 1922 amount converts to 2007 at the same ratio, 12.34: $1,000 becomes
$12,342, and $10,000 becomes $123,418.
Amount in 1922
Value in 2007
$1.00
$12.34
$5.00
$61.71
$10.00
$123
$20.00
$247
$50.00
$617
$100
$1,234
$500
$6,171
$1,000
$12,342
$5,000
$61,709
$10,000
$123,418
$100,000
$1,234,179
$1,000,000
$12,341,786
Inflation by spending category, 1922–2007
Between 1922 and 2007, food rose the most, up 1261.9%, while apparel rose the least, up 340.7%, against 1134.2% for all items. The headline number is an average; here is what $100 of 1922
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1922 →
All items (CPI-U)
3.00%
$1,234
Food
3.12%
$1,362
Apparel
1.76%
$441
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–).
Decade by decade: 1922 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and fell in the 1930s (1.7% a year). Each step below chains into the full 1922–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1922, at end
1922–1930
-0.07%
-0.6%
$99.40
1930–1940
-1.75%
-16.2%
$83.33
1940–1950
5.58%
72.1%
$143
1950–1960
2.08%
22.8%
$176
1960–1970
2.74%
31.1%
$231
1970–1980
7.82%
112.4%
$490
1980–1990
4.72%
58.6%
$778
1990–2000
2.80%
31.8%
$1,025
2000–2007
2.69%
20.4%
$1,234
Year by year: CPI and the value of $100 from 1922
$100 from 1922 had already become $180 by
1962, on its way to $1,234 in 2007; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 14.4% in 1947, and prices fell 9.9% in 1932, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2007
In 2007, prices rose 2.8% and $100 from 1922 had the buying
power of $1,234; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1922 to 2007: $100 is worth $1,234 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1922-to-2007/
APA: InflationCalculator.com. Inflation from 1922 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1922-to-2007/