$100 in 1932 is worth $2,350 in 2025,
because prices increased 2249.9% over that period, an average of
3.45% a year.
$100 in 1932 has
the same buying power as
$2,350
in 2025
Detailed inflation statistics
Cumulative price change
2249.9%
Average inflation rate
3.45% per year
Converted amount ($100 base)
$2,350
Price difference ($100 base)
$2,250
CPI in 1932
13.7
CPI in 2025
321.943
Inflation in 1932
-9.87%
Inflation in 2025
2.63%
$100 in 1932 → 2025
$2,350
$100 in 2025 → 1932
$4.26
What happened to prices between 1932 and 2025
Between 1932 and 2025, the Consumer Price Index went from 13.7 to 321.943.
Cumulatively, prices increased 2249.9%, which works out to an average of
3.45% per year. Put differently, a dollar in 1932 bought what
$0.04 buys in 2025: the 1932 dollar
lost 95.7% of its purchasing power over
these 93 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 2025 at the same ratio, 23.50: $1,000 becomes
$23,499, and $10,000 becomes $234,995.
Amount in 1932
Value in 2025
$1.00
$23.50
$5.00
$117
$10.00
$235
$20.00
$470
$50.00
$1,175
$100
$2,350
$500
$11,750
$1,000
$23,499
$5,000
$117,497
$10,000
$234,995
$100,000
$2,349,949
$1,000,000
$23,499,489
Inflation by spending category, 1932–2025
Between 1932 and 2025, food rose the most, up 3073.0%, while apparel rose the least, up 573.4%, against 2249.9% for all items. The headline number is an average; here is what $100 of 1932
spending costs in 2025, by category:
Category
Avg. yearly inflation
$100 in 1932 →
All items (CPI-U)
3.45%
$2,350
Food
3.79%
$3,173
Apparel
2.07%
$673
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 2025
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 1932–2025 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
2020–2025
4.46%
24.4%
$2,350
Year by year: CPI and the value of $100 from 1932
$100 from 1932 had already become $442 by
1977, on its way to $2,350 in 2025; 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: 2025
In 2025, prices rose 2.6% and $100 from 1932 had the buying
power of $2,350; the year's average CPI of 321.943 is the level
behind every 2025 figure on this page.
2025 was a year of trade policy and data disruptions rather than an
inflation surge. Consumer prices rose 2.6% on average, a step down from
2024’s 2.9% and well below the 8.0% of 2022. Tariffs announced in April
pushed up prices for some imported goods, including furniture, apparel, and
auto parts, but the effect on the overall index was smaller than many
forecasters feared at the start of the year, in part because retailers
absorbed some of the cost and demand for services stayed steady.
The Federal Reserve held its policy rate steady through the first half of the
year, then began cutting again in September, lowering it in three quarter-point
steps to 3.50–3.75% by December.
The federal government shutdown that began October 1 lasted 43 days, and the
Bureau of Labor Statistics did not publish a CPI for October 2025 because the
survey data could not be collected. The federal minimum wage stayed at $7.25,
and a first-class stamp rose to 78 cents in July.
MLA: “Inflation from 1932 to 2025: $100 is worth $2,350 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-2025/
APA: InflationCalculator.com. Inflation from 1932 to 2025. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-2025/