$100 in 1933 is worth $1,886 in 2017,
because prices increased 1785.5% over that period, an average of
3.56% a year.
$100 in 1933 has
the same buying power as
$1,886
in 2017
Detailed inflation statistics
Cumulative price change
1785.5%
Average inflation rate
3.56% per year
Converted amount ($100 base)
$1,886
Price difference ($100 base)
$1,786
CPI in 1933
13
CPI in 2017
245.12
Inflation in 1933
-5.11%
Inflation in 2017
2.13%
$100 in 1933 → 2017
$1,886
$100 in 2017 → 1933
$5.30
What happened to prices between 1933 and 2017
Between 1933 and 2017, the Consumer Price Index went from 13 to 245.12.
Cumulatively, prices increased 1785.5%, which works out to an average of
3.56% per year. Put differently, a dollar in 1933 bought what
$0.05 buys in 2017: the 1933 dollar
lost 94.7% of its purchasing power over
these 84 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 2017 at the same ratio, 18.86: $1,000 becomes
$18,855, and $10,000 becomes $188,554.
Amount in 1933
Value in 2017
$1.00
$18.86
$5.00
$94.28
$10.00
$189
$20.00
$377
$50.00
$943
$100
$1,886
$500
$9,428
$1,000
$18,855
$5,000
$94,277
$10,000
$188,554
$100,000
$1,885,538
$1,000,000
$18,855,385
Inflation by spending category, 1933–2017
Between 1933 and 2017, food rose the most, up 2304.5%, while apparel rose the least, up 568.1%, against 1785.5% for all items. The headline number is an average; here is what $100 of 1933
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 1933 →
All items (CPI-U)
3.56%
$1,886
Food
3.86%
$2,404
Apparel
2.29%
$668
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 2017
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 1933–2017 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
2010–2017
1.69%
12.4%
$1,886
Year by year: CPI and the value of $100 from 1933
$100 from 1933 had already become $342 by
1973, on its way to $1,886 in 2017; 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: 2017
In 2017, prices rose 2.1% and $100 from 1933 had the buying
power of $1,886; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 1933 to 2017: $100 is worth $1,886 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1933-to-2017/
APA: InflationCalculator.com. Inflation from 1933 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1933-to-2017/