$100 in 1932 is worth $1,513 in 2007,
because prices increased 1413.4% over that period, an average of
3.69% a year.
$100 in 1932 has
the same buying power as
$1,513
in 2007
Detailed inflation statistics
Cumulative price change
1413.4%
Average inflation rate
3.69% per year
Converted amount ($100 base)
$1,513
Price difference ($100 base)
$1,413
CPI in 1932
13.7
CPI in 2007
207.342
Inflation in 1932
-9.87%
Inflation in 2007
2.85%
$100 in 1932 → 2007
$1,513
$100 in 2007 → 1932
$6.61
What happened to prices between 1932 and 2007
Between 1932 and 2007, the Consumer Price Index went from 13.7 to 207.342.
Cumulatively, prices increased 1413.4%, which works out to an average of
3.69% per year. Put differently, a dollar in 1932 bought what
$0.07 buys in 2007: the 1932 dollar
lost 93.4% of its purchasing power over
these 75 years.
Consumer prices fell 9.9% in 1932, the steepest single-year drop in the
CPI’s history to that point and the third straight year of decline following
1930 and 1931. Wages, farm incomes, and
industrial output all kept falling, and Congress tried to arrest the credit
collapse by creating the Reconstruction Finance Corporation that January,
capitalized at $500 million with authority to borrow up to $1.5 billion to
lend directly to banks, railroads, and other struggling businesses. Relief
did not reach ordinary households as quickly. That summer, tens of thousands
of World War I veterans and their families camped in Washington demanding
early payment of a service bonus not due until 1945; in July, U.S. Army
troops under General Douglas MacArthur forcibly dispersed the encampment, an
episode that badly damaged the Hoover administration’s standing months
before an election it was already losing. Voters delivered their verdict on
November 8, electing Franklin D. Roosevelt in a landslide over the
incumbent Hoover on a promise of relief and a “new deal for the American
people.” Roosevelt would not take office until the following March, leaving
a long and difficult transition during the depths of the crisis. First-class
postage rose from 2 cents to 3 cents on July 6, the first change to the rate
since 1919.
Every 1932 amount converts to 2007 at the same ratio, 15.13: $1,000 becomes
$15,134, and $10,000 becomes $151,345.
Amount in 1932
Value in 2007
$1.00
$15.13
$5.00
$75.67
$10.00
$151
$20.00
$303
$50.00
$757
$100
$1,513
$500
$7,567
$1,000
$15,134
$5,000
$75,672
$10,000
$151,345
$100,000
$1,513,445
$1,000,000
$15,134,453
Inflation by spending category, 1932–2007
Between 1932 and 2007, food rose the most, up 1796.4%, while apparel rose the least, up 510.2%, against 1413.4% for all items. The headline number is an average; here is what $100 of 1932
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1932 →
All items (CPI-U)
3.69%
$1,513
Food
4.00%
$1,896
Apparel
2.44%
$610
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–).
Decade by decade: 1932 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1930s (0.27% a year). Each step below chains into the full 1932–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1932, at end
1932–1940
0.27%
2.2%
$102
1940–1950
5.58%
72.1%
$176
1950–1960
2.08%
22.8%
$216
1960–1970
2.74%
31.1%
$283
1970–1980
7.82%
112.4%
$601
1980–1990
4.72%
58.6%
$954
1990–2000
2.80%
31.8%
$1,257
2000–2007
2.69%
20.4%
$1,513
Year by year: CPI and the value of $100 from 1932
$100 from 1932 had already become $244 by
1967, on its way to $1,513 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 5.1% in 1933, 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 1932 had the buying
power of $1,513; 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 1932 to 2007: $100 is worth $1,513 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-2007/
APA: InflationCalculator.com. Inflation from 1932 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-2007/