U.S. inflation · 1933–2023
$100 in 1933 has the same buying power as
$2,344
in 2023
| Cumulative price change | 2243.9% |
|---|---|
| Average inflation rate | 3.57% per year |
| Converted amount ($100 base) | $2,344 |
| Price difference ($100 base) | $2,244 |
| CPI in 1933 | 13 |
| CPI in 2023 | 304.702 |
| Inflation in 1933 | -5.11% |
| Inflation in 2023 | 4.12% |
| $100 in 1933 → 2023 | $2,344 |
| $100 in 2023 → 1933 | $4.27 |
Between 1933 and 2023, the Consumer Price Index went from 13 to 304.702. Cumulatively, prices increased 2243.9%, which works out to an average of 3.57% per year. Put differently, a dollar in 1933 bought what $0.04 buys in 2023.
| Amount in 1933 | Value in 2023 |
|---|---|
| $1.00 | $23.44 |
| $5.00 | $117 |
| $10.00 | $234 |
| $20.00 | $469 |
| $50.00 | $1,172 |
| $100 | $2,344 |
| $500 | $11,719 |
| $1,000 | $23,439 |
| $5,000 | $117,193 |
| $10,000 | $234,386 |
| $100,000 | $2,343,862 |
| $1,000,000 | $23,438,615 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1933 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1933 → |
|---|---|---|
| All items (CPI-U) | 3.57% | $2,344 |
| Food | 3.89% | $3,105 |
| Apparel | 2.18% | $695 |
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–).
| Year | CPI | Inflation rate | $100 from 1933 |
|---|---|---|---|
| 1933 | 13 | -5.1% | $100 |
| 1938 | 14.1 | -2.1% | $108 |
| 1943 | 17.3 | 6.1% | $133 |
| 1948 | 24.1 | 8.1% | $185 |
| 1953 | 26.7 | 0.8% | $205 |
| 1958 | 28.9 | 2.8% | $222 |
| 1963 | 30.6 | 1.3% | $235 |
| 1968 | 34.8 | 4.2% | $268 |
| 1973 | 44.4 | 6.2% | $342 |
| 1978 | 65.2 | 7.6% | $502 |
| 1983 | 99.6 | 3.2% | $766 |
| 1988 | 118.3 | 4.1% | $910 |
| 1993 | 144.5 | 3.0% | $1,112 |
| 1998 | 163 | 1.6% | $1,254 |
| 2003 | 184 | 2.3% | $1,415 |
| 2008 | 215.303 | 3.8% | $1,656 |
| 2013 | 232.957 | 1.5% | $1,792 |
| 2018 | 251.107 | 2.4% | $1,932 |
| 2023 | 304.702 | 4.1% | $2,344 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1933 to 2023: $100 is worth $2,344 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1933-to-2023/
APA: InflationCalculator.com. Inflation from 1933 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1933-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.