$20 in 1900 → $558.37 in 2018

Inflation Calculator


U.S. Inflation Rate, 1900-2018 ($20)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.86% per year. Prices in 2018 are 2691.9% higher than prices in 1900.

In other words, $20 in the year 1900 is equivalent in purchasing power to $558.37 in 2018, a difference of $538.37 over 118 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $20 today will be equivalent to $20.25 next year.

Inflation from 1900 to 2018
Cumulative price change 2691.85%
Average inflation rate 2.86%
Price difference ($20 base) $538.37
CPI in 2018 247.867

U.S. inflation chart since 1665

Inflation rates for specific categories

Jewelry · Alcoholic beverages · Electricity · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

News headlines from 1900

Politics and news often influence economic performance. Here's what was happening at the time:

  • Britain establishes the protectorates of Northern Nigeria and Southern Nigeria.
  • America announces the Open Door Policy to promote trade with China.
  • The US Congress passes the Currency Act, establishing the gold standard.
  • Dutch botanist and geneticist Hugo de Vries rediscovers Mendel's law of genetics
  • Under pressure from Japan, Korea denies Russia access to Masampo Port, leading to a war between Russia and Japan.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$20 in 1900 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1900-dollars?amount=20.

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