U.S. inflation · 1932–1939

Value of $100 in 1932, adjusted to 1939

$100 in 1932 has the same buying power as

$101

in 1939

$95$100$10519321939$100 · 1932$101 · 1939
Detailed inflation statistics
Cumulative price change1.5%
Average inflation rate0.21% per year
Converted amount ($100 base)$101
Price difference ($100 base)$1.46
CPI in 193213.7
CPI in 193913.9
Inflation in 1932-9.87%
Inflation in 1939-1.42%
$100 in 19321939$101
$100 in 19391932$98.56

What happened to prices between 1932 and 1939

Between 1932 and 1939, the Consumer Price Index went from 13.7 to 13.9. Cumulatively, prices increased 1.5%, which works out to an average of 0.21% per year. Put differently, a dollar in 1932 bought what $0.99 buys in 1939.

Common amounts: 1932 dollars in 1939

Amount in 1932Value in 1939
$1.00$1.01
$5.00$5.07
$10.00$10.15
$20.00$20.29
$50.00$50.73
$100$101
$500$507
$1,000$1,015
$5,000$5,073
$10,000$10,146
$100,000$101,460
$1,000,000$1,014,599

Inflation by spending category, 1932–1939

The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1932 spending costs in 1939, by category:

Category Avg. yearly inflation $100 in 1932 →
All items (CPI-U) 0.21% $101
Apparel 1.47% $111
Food 1.41% $110

Not shown because the BLS began these indexes after 1932: 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 1932

Year CPI Inflation rate $100 from 1932
1932 13.7 -9.9% $100
1933 13 -5.1% $94.89
1934 13.4 3.1% $97.81
1935 13.7 2.2% $100
1936 13.9 1.5% $101
1937 14.4 3.6% $105
1938 14.1 -2.1% $103
1939 13.9 -1.4% $101

Cite this page

MLA: “Inflation from 1932 to 1939: $100 is worth $101 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-1939/

APA: InflationCalculator.com. Inflation from 1932 to 1939. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-1939/

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.