$100 in 1931 is worth $1,364 in 2007,
because prices increased 1264.1% over that period, an average of
3.50% a year.
$100 in 1931 has
the same buying power as
$1,364
in 2007
Detailed inflation statistics
Cumulative price change
1264.1%
Average inflation rate
3.50% per year
Converted amount ($100 base)
$1,364
Price difference ($100 base)
$1,264
CPI in 1931
15.2
CPI in 2007
207.342
Inflation in 1931
-8.98%
Inflation in 2007
2.85%
$100 in 1931 → 2007
$1,364
$100 in 2007 → 1931
$7.33
What happened to prices between 1931 and 2007
Between 1931 and 2007, the Consumer Price Index went from 15.2 to 207.342.
Cumulatively, prices increased 1264.1%, which works out to an average of
3.50% per year. Put differently, a dollar in 1931 bought what
$0.07 buys in 2007: the 1931 dollar
lost 92.7% of its purchasing power over
these 76 years.
Consumer prices fell 9.0% in 1931, a sharp acceleration from the 2.3% decline
in 1930, as falling wages, collapsing farm prices, and a fresh
wave of bank failures fed a downward spiral that the still-contracting
economy could not shake. More than 2,000 banks failed during the year, far
more than in 1930, as depositors who had watched earlier banks go under
pulled their cash out of ones they feared were next. The crisis went
international that September, when Britain suspended the gold standard amid
a run on sterling. The Federal Reserve’s response made the domestic downturn
worse before it made anything better: to defend the dollar’s own gold
backing, the Fed raised its discount rate sharply that October, in two steps
from 1.5% to 3.5%, tightening credit at the exact moment the economy needed
the opposite. Not every headline that year was grim. The Empire State
Building opened its doors on May 1, briefly the tallest building in the
world, though so much of Manhattan’s office space sat vacant amid the
Depression that tenants stayed scarce and New Yorkers took to calling it the
“Empty State Building.” Consumer prices had now fallen for two straight
years and stood 53.5% above their 1913 level, down from the
68.7% margin of just twelve months before. First-class postage remained at 2
cents.
Every 1931 amount converts to 2007 at the same ratio, 13.64: $1,000 becomes
$13,641, and $10,000 becomes $136,409.
Amount in 1931
Value in 2007
$1.00
$13.64
$5.00
$68.20
$10.00
$136
$20.00
$273
$50.00
$682
$100
$1,364
$500
$6,820
$1,000
$13,641
$5,000
$68,205
$10,000
$136,409
$100,000
$1,364,092
$1,000,000
$13,640,921
Inflation by spending category, 1931–2007
Between 1931 and 2007, food rose the most, up 1473.0%, while apparel rose the least, up 440.9%, against 1264.1% for all items. The headline number is an average; here is what $100 of 1931
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1931 →
All items (CPI-U)
3.50%
$1,364
Food
3.69%
$1,573
Apparel
2.25%
$541
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–).
Decade by decade: 1931 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and fell in the 1930s (0.9% a year). Each step below chains into the full 1931–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1931, at end
1931–1940
-0.91%
-7.9%
$92.11
1940–1950
5.58%
72.1%
$159
1950–1960
2.08%
22.8%
$195
1960–1970
2.74%
31.1%
$255
1970–1980
7.82%
112.4%
$542
1980–1990
4.72%
58.6%
$860
1990–2000
2.80%
31.8%
$1,133
2000–2007
2.69%
20.4%
$1,364
Year by year: CPI and the value of $100 from 1931
$100 from 1931 had already become $266 by
1971, on its way to $1,364 in 2007; 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: 2007
In 2007, prices rose 2.8% and $100 from 1931 had the buying
power of $1,364; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1931 to 2007: $100 is worth $1,364 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1931-to-2007/
APA: InflationCalculator.com. Inflation from 1931 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1931-to-2007/