$100 in 1930 is worth $1,825 in 2023,
because prices increased 1724.6% over that period, an average of
3.17% a year.
$100 in 1930 has
the same buying power as
$1,825
in 2023
Detailed inflation statistics
Cumulative price change
1724.6%
Average inflation rate
3.17% per year
Converted amount ($100 base)
$1,825
Price difference ($100 base)
$1,725
CPI in 1930
16.7
CPI in 2023
304.702
Inflation in 1930
-2.34%
Inflation in 2023
4.12%
$100 in 1930 → 2023
$1,825
$100 in 2023 → 1930
$5.48
What happened to prices between 1930 and 2023
Between 1930 and 2023, the Consumer Price Index went from 16.7 to 304.702.
Cumulatively, prices increased 1724.6%, which works out to an average of
3.17% per year. Put differently, a dollar in 1930 bought what
$0.05 buys in 2023: the 1930 dollar
lost 94.5% of its purchasing power over
these 93 years.
Consumer prices fell 2.3% in 1930, a mild decline compared with what was
coming but the first sign that the summer 1929 downturn was not going to be
short. The National Bureau of Economic Research dates that contraction from
August 1929, and by the time it finally bottomed out in March 1933 it would
run 43 months, the longest of any downturn in the NBER’s chronology back to
1854. Congress made the trade picture worse in June, when President Hoover
signed the Smoot-Hawley Tariff Act, raising duties on more than 20,000
imported goods to some of the highest levels in a century. Trading partners
retaliated with tariffs of their own, and global trade volumes collapsed
over the next several years, deepening a downturn economists still debate
how much the tariff itself worsened. The financial system cracked that fall:
a regional banking panic culminated in the December 11 failure of the Bank
of United States in New York, at the time the largest bank failure in
American history, wiping out more than $200 million in deposits. It was the
first of four banking panics that would hit the country before 1933 was
out. Consumer prices still stood 68.7% above their 1913
starting point, but the direction had clearly turned. First-class postage
held at 2 cents, unchanged for eleven straight years.
Every 1930 amount converts to 2023 at the same ratio, 18.25: $1,000 becomes
$18,246, and $10,000 becomes $182,456.
Amount in 1930
Value in 2023
$1.00
$18.25
$5.00
$91.23
$10.00
$182
$20.00
$365
$50.00
$912
$100
$1,825
$500
$9,123
$1,000
$18,246
$5,000
$91,228
$10,000
$182,456
$100,000
$1,824,563
$1,000,000
$18,245,629
Inflation by spending category, 1930–2023
Between 1930 and 2023, food rose the most, up 1970.3%, while apparel rose the least, up 439.6%, against 1724.6% for all items. The headline number is an average; here is what $100 of 1930
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 1930 →
All items (CPI-U)
3.17%
$1,825
Food
3.31%
$2,070
Apparel
1.83%
$540
Not shown because the BLS began these indexes after 1930: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1930 to 2023
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 1930–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 1930, at end
1930–1940
-1.75%
-16.2%
$83.83
1940–1950
5.58%
72.1%
$144
1950–1960
2.08%
22.8%
$177
1960–1970
2.74%
31.1%
$232
1970–1980
7.82%
112.4%
$493
1980–1990
4.72%
58.6%
$783
1990–2000
2.80%
31.8%
$1,031
2000–2010
2.39%
26.6%
$1,306
2010–2020
1.73%
18.7%
$1,550
2020–2023
5.59%
17.7%
$1,825
Year by year: CPI and the value of $100 from 1930
$100 from 1930 had already become $322 by
1975, on its way to $1,825 in 2023; 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.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2023
In 2023, prices rose 4.1% and $100 from 1930 had the buying
power of $1,825; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 1930 to 2023: $100 is worth $1,825 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1930-to-2023/
APA: InflationCalculator.com. Inflation from 1930 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1930-to-2023/