U.S. inflation · 1937–1998
$100 in 1937 has the same buying power as
$1,132
in 1998
| Cumulative price change | 1031.9% |
|---|---|
| Average inflation rate | 4.06% per year |
| Converted amount ($100 base) | $1,132 |
| Price difference ($100 base) | $1,032 |
| CPI in 1937 | 14.4 |
| CPI in 1998 | 163 |
| Inflation in 1937 | 3.60% |
| Inflation in 1998 | 1.56% |
| $100 in 1937 → 1998 | $1,132 |
| $100 in 1998 → 1937 | $8.83 |
Between 1937 and 1998, the Consumer Price Index went from 14.4 to 163. Cumulatively, prices increased 1031.9%, which works out to an average of 4.06% per year. Put differently, a dollar in 1937 bought what $0.09 buys in 1998.
| Amount in 1937 | Value in 1998 |
|---|---|
| $1.00 | $11.32 |
| $5.00 | $56.60 |
| $10.00 | $113 |
| $20.00 | $226 |
| $50.00 | $566 |
| $100 | $1,132 |
| $500 | $5,660 |
| $1,000 | $11,319 |
| $5,000 | $56,597 |
| $10,000 | $113,194 |
| $100,000 | $1,131,944 |
| $1,000,000 | $11,319,444 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1937 spending costs in 1998, by category:
| Category | Avg. yearly inflation | $100 in 1937 → |
|---|---|---|
| All items (CPI-U) | 4.06% | $1,132 |
| Medical care | 5.31% | $2,350 |
| Food | 4.20% | $1,227 |
| Transportation | 3.81% | $977 |
| Apparel | 2.99% | $605 |
Not shown because the BLS began these indexes after 1937: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1937 |
|---|---|---|---|
| 1937 | 14.4 | 3.6% | $100 |
| 1942 | 16.3 | 10.9% | $113 |
| 1947 | 22.3 | 14.4% | $155 |
| 1952 | 26.5 | 1.9% | $184 |
| 1957 | 28.1 | 3.3% | $195 |
| 1962 | 30.2 | 1.0% | $210 |
| 1967 | 33.4 | 3.1% | $232 |
| 1972 | 41.8 | 3.2% | $290 |
| 1977 | 60.6 | 6.5% | $421 |
| 1982 | 96.5 | 6.2% | $670 |
| 1987 | 113.6 | 3.6% | $789 |
| 1992 | 140.3 | 3.0% | $974 |
| 1997 | 160.5 | 2.3% | $1,115 |
| 1998 | 163 | 1.6% | $1,132 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1937 to 1998: $100 is worth $1,132 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1937-to-1998/
APA: InflationCalculator.com. Inflation from 1937 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1937-to-1998/
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.