Between 1926 and 1928, the Consumer Price Index went from 17.7 to 17.1.
Cumulatively, prices declined 3.4%, which works out to an average of
-1.71% per year. Put differently, a dollar in 1926 bought what
$1.04 buys in 1928.
Common amounts: 1926 dollars in 1928
Amount in 1926
Value in 1928
$1.00
$0.97
$5.00
$4.83
$10.00
$9.66
$20.00
$19.32
$50.00
$48.31
$100
$96.61
$500
$483
$1,000
$966
$5,000
$4,831
$10,000
$9,661
$100,000
$96,610
$1,000,000
$966,102
Inflation by spending category, 1926–1928
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1926 spending costs in 1928, by category:
Category
Avg. yearly inflation
$100 in 1926 →
All items (CPI-U)
-1.71%
$96.61
Apparel
-1.75%
$96.53
Food
-2.08%
$95.88
Not shown because the BLS began these indexes after 1926: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1926 to 1928: $100 is worth $96.61 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1926-to-1928/
APA: InflationCalculator.com. Inflation from 1926 to 1928. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1926-to-1928/