Between 1931 and 1934, the Consumer Price Index went from 15.2 to 13.4.
Cumulatively, prices declined 11.8%, which works out to an average of
-4.11% per year. Put differently, a dollar in 1931 bought what
$1.13 buys in 1934.
Common amounts: 1931 dollars in 1934
Amount in 1931
Value in 1934
$1.00
$0.88
$5.00
$4.41
$10.00
$8.82
$20.00
$17.63
$50.00
$44.08
$100
$88.16
$500
$441
$1,000
$882
$5,000
$4,408
$10,000
$8,816
$100,000
$88,158
$1,000,000
$881,579
Inflation by spending category, 1931–1934
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1931 spending costs in 1934, by category:
Category
Avg. yearly inflation
$100 in 1931 →
All items (CPI-U)
-4.11%
$88.16
Apparel
-2.17%
$93.64
Food
-3.48%
$89.92
Not shown because the BLS began these indexes after 1931: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1931 to 1934: $100 is worth $88.16 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1931-to-1934/
APA: InflationCalculator.com. Inflation from 1931 to 1934. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1931-to-1934/