U.S. inflation · 1924–1974
$100 in 1924 has the same buying power as
$288
in 1974
| Cumulative price change | 188.3% |
|---|---|
| Average inflation rate | 2.14% per year |
| Converted amount ($100 base) | $288 |
| Price difference ($100 base) | $188 |
| CPI in 1924 | 17.1 |
| CPI in 1974 | 49.3 |
| Inflation in 1924 | 0.00% |
| Inflation in 1974 | 11.04% |
| $100 in 1924 → 1974 | $288 |
| $100 in 1974 → 1924 | $34.69 |
Between 1924 and 1974, the Consumer Price Index went from 17.1 to 49.3. Cumulatively, prices increased 188.3%, which works out to an average of 2.14% per year. Put differently, a dollar in 1924 bought what $0.35 buys in 1974.
| Amount in 1924 | Value in 1974 |
|---|---|
| $1.00 | $2.88 |
| $5.00 | $14.42 |
| $10.00 | $28.83 |
| $20.00 | $57.66 |
| $50.00 | $144 |
| $100 | $288 |
| $500 | $1,442 |
| $1,000 | $2,883 |
| $5,000 | $14,415 |
| $10,000 | $28,830 |
| $100,000 | $288,304 |
| $1,000,000 | $2,883,041 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1924 spending costs in 1974, by category:
| Category | Avg. yearly inflation | $100 in 1924 → |
|---|---|---|
| All items (CPI-U) | 2.14% | $288 |
| Food | 2.61% | $363 |
| Apparel | 1.92% | $259 |
Not shown because the BLS began these indexes after 1924: 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 1924 |
|---|---|---|---|
| 1924 | 17.1 | 0.0% | $100 |
| 1926 | 17.7 | 1.1% | $104 |
| 1928 | 17.1 | -1.7% | $100 |
| 1930 | 16.7 | -2.3% | $97.66 |
| 1932 | 13.7 | -9.9% | $80.12 |
| 1934 | 13.4 | 3.1% | $78.36 |
| 1936 | 13.9 | 1.5% | $81.29 |
| 1938 | 14.1 | -2.1% | $82.46 |
| 1940 | 14 | 0.7% | $81.87 |
| 1942 | 16.3 | 10.9% | $95.32 |
| 1944 | 17.6 | 1.7% | $103 |
| 1946 | 19.5 | 8.3% | $114 |
| 1948 | 24.1 | 8.1% | $141 |
| 1950 | 24.1 | 1.3% | $141 |
| 1952 | 26.5 | 1.9% | $155 |
| 1954 | 26.9 | 0.7% | $157 |
| 1956 | 27.2 | 1.5% | $159 |
| 1958 | 28.9 | 2.8% | $169 |
| 1960 | 29.6 | 1.7% | $173 |
| 1962 | 30.2 | 1.0% | $177 |
| 1964 | 31 | 1.3% | $181 |
| 1966 | 32.4 | 2.9% | $189 |
| 1968 | 34.8 | 4.2% | $204 |
| 1970 | 38.8 | 5.7% | $227 |
| 1972 | 41.8 | 3.2% | $244 |
| 1974 | 49.3 | 11.0% | $288 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1924 to 1974: $100 is worth $288 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1924-to-1974/
APA: InflationCalculator.com. Inflation from 1924 to 1974. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1924-to-1974/
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.