U.S. inflation · 1932–1940
$100 in 1932 has the same buying power as
$102
in 1940
| Cumulative price change | 2.2% |
|---|---|
| Average inflation rate | 0.27% per year |
| Converted amount ($100 base) | $102 |
| Price difference ($100 base) | $2.19 |
| CPI in 1932 | 13.7 |
| CPI in 1940 | 14 |
| Inflation in 1932 | -9.87% |
| Inflation in 1940 | 0.72% |
| $100 in 1932 → 1940 | $102 |
| $100 in 1940 → 1932 | $97.86 |
Between 1932 and 1940, the Consumer Price Index went from 13.7 to 14. Cumulatively, prices increased 2.2%, which works out to an average of 0.27% per year. Put differently, a dollar in 1932 bought what $0.98 buys in 1940.
| Amount in 1932 | Value in 1940 |
|---|---|
| $1.00 | $1.02 |
| $5.00 | $5.11 |
| $10.00 | $10.22 |
| $20.00 | $20.44 |
| $50.00 | $51.09 |
| $100 | $102 |
| $500 | $511 |
| $1,000 | $1,022 |
| $5,000 | $5,109 |
| $10,000 | $10,219 |
| $100,000 | $102,190 |
| $1,000,000 | $1,021,898 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1932 spending costs in 1940, by category:
| Category | Avg. yearly inflation | $100 in 1932 → |
|---|---|---|
| All items (CPI-U) | 0.27% | $102 |
| Food | 1.44% | $112 |
| Apparel | 1.40% | $112 |
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 | 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 |
| 1940 | 14 | 0.7% | $102 |
MLA: “Inflation from 1932 to 1940: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-1940/
APA: InflationCalculator.com. Inflation from 1932 to 1940. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-1940/
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.