$100 in 1938 is worth $2,356 in 2026,
because prices increased 2256.3% over that period, an average of
3.66% a year.
$100 in 1938 has
the same buying power as
$2,356
in 2026
Detailed inflation statistics
Cumulative price change
2256.3%
Average inflation rate
3.66% per year
Converted amount ($100 base)
$2,356
Price difference ($100 base)
$2,256
CPI in 1938
14.1
CPI in 2026
332.243
Inflation in 1938
-2.08%
Inflation in 2026
3.20%
$100 in 1938 → 2026
$2,356
$100 in 2026 → 1938
$4.24
Uses a partial-year average for the current year; updates with each CPI release.
What happened to prices between 1938 and 2026
Between 1938 and 2026, the Consumer Price Index went from 14.1 to 332.243.
Cumulatively, prices increased 2256.3%, which works out to an average of
3.66% per year. Put differently, a dollar in 1938 bought what
$0.04 buys in 2026: the 1938 dollar
lost 95.8% of its purchasing power over
these 88 years.
Consumer prices fell 2.1% in 1938, reversing most of 1937’s
gain and interrupting four straight years of recovery from the Depression’s
trough. The National Bureau of Economic Research dates the bottom of the
downturn, which had begun that May, to June 1938, a sharp 13-month
contraction that briefly pushed unemployment back up near 19%. Even in a
year the economy was shrinking again, Congress passed one of the New Deal’s
most lasting reforms. The Fair Labor Standards Act, signed June 25 and
effective that October, established the first federal minimum wage, 25
cents an hour, capped the standard workweek at 44 hours with time-and-a-half
overtime beyond it, and restricted the employment of children in most
industries. The wage floor and hours limits applied only to workers engaged
in interstate commerce at first, but they set a precedent that would expand
in the decades that followed. Consumer prices stood 42.4% above their
1913 level and 17.5% below their 1929 peak, evidence of how
far the recovery still had to go even eight years after the Depression
began. First-class postage held at 3 cents.
Every 1938 amount converts to 2026 at the same ratio, 23.56: $1,000 becomes
$23,563, and $10,000 becomes $235,633.
Amount in 1938
Value in 2026
$1.00
$23.56
$5.00
$118
$10.00
$236
$20.00
$471
$50.00
$1,178
$100
$2,356
$500
$11,782
$1,000
$23,563
$5,000
$117,817
$10,000
$235,633
$100,000
$2,356,333
$1,000,000
$23,563,333
Inflation by spending category, 1938–2026
Between 1938 and 2026, medical care rose the most, up 5653.1%, while apparel rose the least, up 523.0%, against 2256.3% for all items. The headline number is an average; here is what $100 of 1938
spending costs in 2026, by category:
Category
Avg. yearly inflation
$100 in 1938 →
All items (CPI-U)
3.66%
$2,356
Medical care
4.71%
$5,753
Food
3.89%
$2,881
Transportation
3.44%
$1,962
Apparel
2.10%
$623
Not shown because the BLS began these indexes after 1938: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1938 to 2026
Prices climbed fastest in the 1970s, averaging 7.82% a year, and fell in the 1930s (0.4% a year). Each step below chains into the full 1938–2026 change:
Years
Avg. yearly inflation
Price change
$100 from 1938, at end
1938–1940
-0.36%
-0.7%
$99.29
1940–1950
5.58%
72.1%
$171
1950–1960
2.08%
22.8%
$210
1960–1970
2.74%
31.1%
$275
1970–1980
7.82%
112.4%
$584
1980–1990
4.72%
58.6%
$927
1990–2000
2.80%
31.8%
$1,221
2000–2010
2.39%
26.6%
$1,546
2010–2020
1.73%
18.7%
$1,836
2020–2026
4.25%
28.4%
$2,356
Year by year: CPI and the value of $100 from 1938
$100 from 1938 had already become $706 by
1983, on its way to $2,356 in 2026; 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 1.4% in 1939, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2026
In 2026, prices rose 3.2% and $100 from 1938 had the buying
power of $2,356; the year's average CPI of 332.243 is the level
behind every 2026 figure on this page.
Cite this page
MLA: “Inflation from 1938 to 2026: $100 is worth $2,356 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1938-to-2026/
APA: InflationCalculator.com. Inflation from 1938 to 2026. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1938-to-2026/