U.S. inflation · 1923–1927
$100 in 1923 has the same buying power as
$102
in 1927
| Cumulative price change | 1.8% |
|---|---|
| Average inflation rate | 0.44% per year |
| Converted amount ($100 base) | $102 |
| Price difference ($100 base) | $1.75 |
| CPI in 1923 | 17.1 |
| CPI in 1927 | 17.4 |
| Inflation in 1923 | 1.79% |
| Inflation in 1927 | -1.69% |
| $100 in 1923 → 1927 | $102 |
| $100 in 1927 → 1923 | $98.28 |
Between 1923 and 1927, the Consumer Price Index went from 17.1 to 17.4. Cumulatively, prices increased 1.8%, which works out to an average of 0.44% per year. Put differently, a dollar in 1923 bought what $0.98 buys in 1927.
| Amount in 1923 | Value in 1927 |
|---|---|
| $1.00 | $1.02 |
| $5.00 | $5.09 |
| $10.00 | $10.18 |
| $20.00 | $20.35 |
| $50.00 | $50.88 |
| $100 | $102 |
| $500 | $509 |
| $1,000 | $1,018 |
| $5,000 | $5,088 |
| $10,000 | $10,175 |
| $100,000 | $101,754 |
| $1,000,000 | $1,017,544 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1923 spending costs in 1927, by category:
| Category | Avg. yearly inflation | $100 in 1923 → |
|---|---|---|
| All items (CPI-U) | 0.44% | $102 |
| Food | 1.59% | $106 |
| Apparel | -1.70% | $93.36 |
Not shown because the BLS began these indexes after 1923: 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 1923 |
|---|---|---|---|
| 1923 | 17.1 | 1.8% | $100 |
| 1924 | 17.1 | 0.0% | $100 |
| 1925 | 17.5 | 2.3% | $102 |
| 1926 | 17.7 | 1.1% | $104 |
| 1927 | 17.4 | -1.7% | $102 |
MLA: “Inflation from 1923 to 1927: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1923-to-1927/
APA: InflationCalculator.com. Inflation from 1923 to 1927. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1923-to-1927/
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.