$100 in 1932 is worth $2,290 in 2024,
because prices increased 2189.7% over that period, an average of
3.46% a year.
$100 in 1932 has
the same buying power as
$2,290
in 2024
Detailed inflation statistics
Cumulative price change
2189.7%
Average inflation rate
3.46% per year
Converted amount ($100 base)
$2,290
Price difference ($100 base)
$2,190
CPI in 1932
13.7
CPI in 2024
313.689
Inflation in 1932
-9.87%
Inflation in 2024
2.95%
$100 in 1932 → 2024
$2,290
$100 in 2024 → 1932
$4.37
What happened to prices between 1932 and 2024
Between 1932 and 2024, the Consumer Price Index went from 13.7 to 313.689.
Cumulatively, prices increased 2189.7%, which works out to an average of
3.46% per year. Put differently, a dollar in 1932 bought what
$0.04 buys in 2024: the 1932 dollar
lost 95.6% of its purchasing power over
these 92 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 2024 at the same ratio, 22.90: $1,000 becomes
$22,897, and $10,000 becomes $228,970.
Amount in 1932
Value in 2024
$1.00
$22.90
$5.00
$114
$10.00
$229
$20.00
$458
$50.00
$1,145
$100
$2,290
$500
$11,449
$1,000
$22,897
$5,000
$114,485
$10,000
$228,970
$100,000
$2,289,701
$1,000,000
$22,897,007
Inflation by spending category, 1932–2024
Between 1932 and 2024, food rose the most, up 2986.6%, while apparel rose the least, up 574.3%, against 2189.7% for all items. The headline number is an average; here is what $100 of 1932
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1932 →
All items (CPI-U)
3.46%
$2,290
Food
3.80%
$3,087
Apparel
2.10%
$674
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 2024
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 1932–2024 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
2000–2010
2.39%
26.6%
$1,592
2010–2020
1.73%
18.7%
$1,889
2020–2024
4.93%
21.2%
$2,290
Year by year: CPI and the value of $100 from 1932
$100 from 1932 had already become $442 by
1977, on its way to $2,290 in 2024; 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: 2024
In 2024, prices rose 2.9% and $100 from 1932 had the buying
power of $2,290; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1932 to 2024: $100 is worth $2,290 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-2024/
APA: InflationCalculator.com. Inflation from 1932 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-2024/