Between 1929 and 1931, the Consumer Price Index went from 17.1 to 15.2.
Cumulatively, prices declined 11.1%, which works out to an average of
-5.72% per year. Put differently, a dollar in 1929 bought what
$1.13 buys in 1931.
Common amounts: 1929 dollars in 1931
Amount in 1929
Value in 1931
$1.00
$0.89
$5.00
$4.44
$10.00
$8.89
$20.00
$17.78
$50.00
$44.44
$100
$88.89
$500
$444
$1,000
$889
$5,000
$4,444
$10,000
$8,889
$100,000
$88,889
$1,000,000
$888,889
Inflation by spending category, 1929–1931
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1929 spending costs in 1931, by category:
Category
Avg. yearly inflation
$100 in 1929 →
All items (CPI-U)
-5.72%
$88.89
Apparel
-5.62%
$89.07
Food
-11.58%
$78.18
Not shown because the BLS began these indexes after 1929: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1929 to 1931: $100 is worth $88.89 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1929-to-1931/
APA: InflationCalculator.com. Inflation from 1929 to 1931. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1929-to-1931/