U.S. inflation · 1923–1928
$100 in 1923 has the same buying power as
$100
in 1928
| Cumulative price change | 0.0% |
|---|---|
| Average inflation rate | 0.00% per year |
| Converted amount ($100 base) | $100 |
| Price difference ($100 base) | $0.00 |
| CPI in 1923 | 17.1 |
| CPI in 1928 | 17.1 |
| Inflation in 1923 | 1.79% |
| Inflation in 1928 | -1.72% |
| $100 in 1923 → 1928 | $100 |
| $100 in 1928 → 1923 | $100 |
Between 1923 and 1928, the Consumer Price Index went from 17.1 to 17.1. Cumulatively, prices increased 0.0%, which works out to an average of 0.00% per year. Put differently, a dollar in 1923 bought what $1.00 buys in 1928.
| Amount in 1923 | Value in 1928 |
|---|---|
| $1.00 | $1.00 |
| $5.00 | $5.00 |
| $10.00 | $10.00 |
| $20.00 | $20.00 |
| $50.00 | $50.00 |
| $100 | $100 |
| $500 | $500 |
| $1,000 | $1,000 |
| $5,000 | $5,000 |
| $10,000 | $10,000 |
| $100,000 | $100,000 |
| $1,000,000 | $1,000,000 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1923 spending costs in 1928, by category:
| Category | Avg. yearly inflation | $100 in 1923 → |
|---|---|---|
| All items (CPI-U) | 0.00% | $100 |
| Food | 1.14% | $106 |
| Apparel | -1.60% | $92.25 |
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 |
| 1928 | 17.1 | -1.7% | $100 |
MLA: “Inflation from 1923 to 1928: $100 is worth $100 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1923-to-1928/
APA: InflationCalculator.com. Inflation from 1923 to 1928. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1923-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.