U.S. inflation · 1931–1934

Value of $100 in 1931, adjusted to 1934

$100 in 1931 has the same buying power as

$88.16

in 1934

$86$93$10019311934$100 · 1931$88 · 1934
Detailed inflation statistics
Cumulative price change-11.8%
Average inflation rate-4.11% per year
Converted amount ($100 base)$88.16
Price difference ($100 base)-$11.84
CPI in 193115.2
CPI in 193413.4
Inflation in 1931-8.98%
Inflation in 19343.08%
$100 in 19311934$88.16
$100 in 19341931$113

What happened to prices between 1931 and 1934

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 1931Value 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–).

Year by year: CPI and the value of $100 from 1931

Year CPI Inflation rate $100 from 1931
1931 15.2 -9.0% $100
1932 13.7 -9.9% $90.13
1933 13 -5.1% $85.53
1934 13.4 3.1% $88.16

Cite this page

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/

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.