$100 in 1933 is worth $1,846 in 2016,
because prices increased 1746.2% over that period, an average of
3.58% a year.
$100 in 1933 has
the same buying power as
$1,846
in 2016
Detailed inflation statistics
Cumulative price change
1746.2%
Average inflation rate
3.58% per year
Converted amount ($100 base)
$1,846
Price difference ($100 base)
$1,746
CPI in 1933
13
CPI in 2016
240.007
Inflation in 1933
-5.11%
Inflation in 2016
1.26%
$100 in 1933 → 2016
$1,846
$100 in 2016 → 1933
$5.42
What happened to prices between 1933 and 2016
Between 1933 and 2016, the Consumer Price Index went from 13 to 240.007.
Cumulatively, prices increased 1746.2%, which works out to an average of
3.58% per year. Put differently, a dollar in 1933 bought what
$0.05 buys in 2016: the 1933 dollar
lost 94.6% of its purchasing power over
these 83 years.
Consumer prices fell 5.1% in 1933, a smaller decline than 1932’s
but enough to complete a four-year slide of 24.0% from the 1929
peak. The National Bureau of Economic Research dates the trough of that
contraction to March 1933, closing out the longest downturn in its
chronology, one that had run 43 months since August 1929. The bottom
arrived alongside a change in government: Franklin D. Roosevelt was
inaugurated March 4 and, within 48 hours, ordered every bank in the country
closed to halt a fresh round of runs. Congress passed the Emergency Banking
Act on March 9, letting solvent banks reopen under federal supervision, and
the panic that had been building for months broke almost immediately. The
administration moved on the currency next: Executive Order 6102, issued
April 5, required Americans to turn in most gold coin, bullion, and
certificates to the Federal Reserve, taking the country off the domestic
gold standard (formal devaluation of the dollar followed the next January).
Congress capped the year’s banking overhaul in June with the Banking Act of
1933, commonly called Glass-Steagall, which created the Federal Deposit
Insurance Corporation and separated commercial banking from investment
banking. Even after four straight years of falling prices, the CPI still
stood 31.3% above its 1913 level. First-class postage held at
3 cents.
Every 1933 amount converts to 2016 at the same ratio, 18.46: $1,000 becomes
$18,462, and $10,000 becomes $184,621.
Amount in 1933
Value in 2016
$1.00
$18.46
$5.00
$92.31
$10.00
$185
$20.00
$369
$50.00
$923
$100
$1,846
$500
$9,231
$1,000
$18,462
$5,000
$92,310
$10,000
$184,621
$100,000
$1,846,208
$1,000,000
$18,462,077
Inflation by spending category, 1933–2016
Between 1933 and 2016, food rose the most, up 2284.0%, while apparel rose the least, up 570.5%, against 1746.2% for all items. The headline number is an average; here is what $100 of 1933
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 1933 →
All items (CPI-U)
3.58%
$1,846
Food
3.89%
$2,384
Apparel
2.32%
$670
Not shown because the BLS began these indexes after 1933: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1933 to 2016
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1930s (1.06% a year). Each step below chains into the full 1933–2016 change:
Years
Avg. yearly inflation
Price change
$100 from 1933, at end
1933–1940
1.06%
7.7%
$108
1940–1950
5.58%
72.1%
$185
1950–1960
2.08%
22.8%
$228
1960–1970
2.74%
31.1%
$298
1970–1980
7.82%
112.4%
$634
1980–1990
4.72%
58.6%
$1,005
1990–2000
2.80%
31.8%
$1,325
2000–2010
2.39%
26.6%
$1,677
2010–2016
1.61%
10.1%
$1,846
Year by year: CPI and the value of $100 from 1933
$100 from 1933 had already become $342 by
1973, on its way to $1,846 in 2016; 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 2.1% in 1938, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2016
In 2016, prices rose 1.3% and $100 from 1933 had the buying
power of $1,846; the year's average CPI of 240.007 is the level
behind every 2016 figure on this page.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
MLA: “Inflation from 1933 to 2016: $100 is worth $1,846 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1933-to-2016/
APA: InflationCalculator.com. Inflation from 1933 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1933-to-2016/