U.S. inflation · 1927–1987

Value of $100 in 1927, adjusted to 1987

$100 in 1927 is worth $653 in 1987, because prices increased 552.9% over that period, an average of 3.18% a year.

$100 in 1927 has the same buying power as

$653

in 1987

$75$364$65319271942195719721987$100 · 1927$653 · 1987
Detailed inflation statistics
Cumulative price change552.9%
Average inflation rate3.18% per year
Converted amount ($100 base)$653
Price difference ($100 base)$553
CPI in 192717.4
CPI in 1987113.6
Inflation in 1927-1.69%
Inflation in 19873.65%
$100 in 1927 → 1987$653
$100 in 1987 → 1927$15.32

What happened to prices between 1927 and 1987

Between 1927 and 1987, the Consumer Price Index went from 17.4 to 113.6. Cumulatively, prices increased 552.9%, which works out to an average of 3.18% per year. Put differently, a dollar in 1927 bought what $0.15 buys in 1987: the 1927 dollar lost 84.7% of its purchasing power over these 60 years.

Consumer prices fell 1.7% in 1927, a mild retreat after three years of gradual increases and part of a shallow up-and-down pattern that ran through the second half of the decade. Aviation delivered the year’s signature moment: Charles Lindbergh departed Roosevelt Field, New York, on May 20 and landed at Le Bourget Field outside Paris roughly 33.5 hours later, the first person to fly the Atlantic solo and nonstop. Detroit closed a chapter of its own that May, when Ford halted the Model T’s production line after nearly 19 years and more than 15 million cars sold, idling tens of thousands of workers while its factories retooled for the Model A. The Federal Reserve, meeting with European central bankers that summer, cut its discount rate to ease pressure on currencies still recovering from the war, a move later cited by economists including Milton Friedman and Anna Schwartz as fuel for the stock market speculation that built through the following two years. First-class postage held at 2 cents.

More about inflation in 1927 →

Common amounts: 1927 dollars in 1987

Every 1927 amount converts to 1987 at the same ratio, 6.53: $1,000 becomes $6,529, and $10,000 becomes $65,287.

Amount in 1927Value in 1987
$1.00$6.53
$5.00$32.64
$10.00$65.29
$20.00$131
$50.00$326
$100$653
$500$3,264
$1,000$6,529
$5,000$32,644
$10,000$65,287
$100,000$652,874
$1,000,000$6,528,736

Inflation by spending category, 1927–1987

Between 1927 and 1987, food rose the most, up 592.1%, while apparel rose the least, up 337.2%, against 552.9% for all items. The headline number is an average; here is what $100 of 1927 spending costs in 1987, by category:

Category Avg. yearly inflation $100 in 1927 →
All items (CPI-U) 3.18% $653
Food 3.28% $692
Apparel 2.49% $437

Not shown because the BLS began these indexes after 1927: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).

Decade by decade: 1927 to 1987

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 1927–1987 change:

Years Avg. yearly inflation Price change $100 from 1927, at end
1927–1930 -1.36% -4.0% $95.98
1930–1940 -1.75% -16.2% $80.46
1940–1950 5.58% 72.1% $139
1950–1960 2.08% 22.8% $170
1960–1970 2.74% 31.1% $223
1970–1980 7.82% 112.4% $474
1980–1987 4.69% 37.9% $653

Year by year: CPI and the value of $100 from 1927

$100 from 1927 had already become $161 by 1957, on its way to $653 in 1987; 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.

Year CPI Inflation rate $100 from 1927
1927 17.4 -1.7% $100
1929 17.1 0.0% $98.28
1931 15.2 -9.0% $87.36
1933 13 -5.1% $74.71
1935 13.7 2.2% $78.74
1937 14.4 3.6% $82.76
1939 13.9 -1.4% $79.89
1941 14.7 5.0% $84.48
1943 17.3 6.1% $99.43
1945 18 2.3% $103
1947 22.3 14.4% $128
1949 23.8 -1.2% $137
1951 26 7.9% $149
1953 26.7 0.8% $153
1955 26.8 -0.4% $154
1957 28.1 3.3% $161
1959 29.1 0.7% $167
1961 29.9 1.0% $172
1963 30.6 1.3% $176
1965 31.5 1.6% $181
1967 33.4 3.1% $192
1969 36.7 5.5% $211
1971 40.5 4.4% $233
1973 44.4 6.2% $255
1975 53.8 9.1% $309
1977 60.6 6.5% $348
1979 72.6 11.3% $417
1981 90.9 10.3% $522
1983 99.6 3.2% $572
1985 107.6 3.6% $618
1987 113.6 3.6% $653

Long periods are sampled every 2 years; the calculator above covers any pair of years.

The destination year: 1987

In 1987, prices rose 3.6% and $100 from 1927 had the buying power of $653; the year's average CPI of 113.6 is the level behind every 1987 figure on this page.

1987 tested whether the disinflation of the 1980s could survive its first real shock. Paul Volcker, who had run the Federal Reserve since 1979 and driven inflation down from 13.5% to routine mid-single digits, handed the chairmanship to Alan Greenspan in August. Inflation for the year came in at 3.6%, edging up as the expansion entered its fifth year and a weaker dollar, following 1985’s Plaza Accord, pushed up the price of imported goods. Then, on October 19, the stock market delivered Greenspan’s first crisis: the Dow Jones Industrial Average fell 22.6% in a single session, still the largest one-day percentage drop in its history, as computer-driven “portfolio insurance” trading amplified a global sell-off that had started days earlier. The Fed responded within 24 hours, publicly pledging to supply whatever liquidity the banking system needed, and the panic did not spread to the broader economy. Growth continued and unemployment kept falling through the rest of the year. It was an early demonstration of what became known as the “Greenspan put,” a Fed willing to move fast and loosen policy to contain financial shocks even while still watching inflation, that shaped central banking for the next two decades.

More about inflation in 1987 →

Cite this page

MLA: “Inflation from 1927 to 1987: $100 is worth $653 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1927-to-1987/

APA: InflationCalculator.com. Inflation from 1927 to 1987. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1927-to-1987/

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.