$1 in 1904 → $26.45 in 2017

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👉 You may be interested in $1 in 1904 → 2018

U.S. Inflation Rate, $1 in 1904 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.94% per year. Prices in 2017 are 2,545.00% higher than prices in 1904.

In other words, $1 in 1904 is equivalent in purchasing power to $26.45 in 2017, a difference of $25.45 over 113 years.

The inflation rate in 2017 was 1.99%.

Inflation from 1904 to 2017
Cumulative price change 2545.00%
Average inflation rate 2.94%
Converted amount ($1 base) $26.45
Price difference ($1 base) $25.45
CPI in 2017 244.786


U.S. inflation chart since 1665


CPI is the weighted combination of many categories. This chart shows the average rate of inflation for select CPI categories between 1904 and 2017.

Compare these values to the overall average of 2.94% per year:

Category Avg Inflation (%) $1 in 1904 → 2017
Food 3.15 33.32
Shelter 4.12 95.70
Energy 3.83 69.86
Apparel 2.07 10.14
New vehicles 1.09 3.42
Used cars and trucks 0.63 2.03
Transportation services 3.34 40.96
Medical care services 5.15 290.18
Medical care commodities 4.35 122.62

It's important to note that not all categories may be tracked since 1904. This table and visualization use the earliest available data for each category.


Inflation rates for specific categories

Seattle, Washington · New cars · College tuition and fees · More

Inflation-adjusted measures

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

Buying power of $1 since 1904

This chart shows calculations of buying power equivalence over time for $1 in 1904 (price index tracking began in 1913).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1904 $1.00 -
1905 $1.00 0.00%
1906 $1.02 2.04%
1907 $1.06 4.00%
1908 $1.04 -1.92%
1909 $1.02 -1.96%
1910 $1.06 4.00%
1911 $1.06 0.00%
1912 $1.08 1.92%
1913 $1.07 -1.08%
1914 $1.08 1.01%
1915 $1.09 1.00%
1916 $1.18 7.92%
1917 $1.38 17.43%
1918 $1.63 17.97%
1919 $1.87 14.57%
1920 $2.16 15.61%
1921 $1.93 -10.50%
1922 $1.82 -6.15%
1923 $1.85 1.79%
1924 $1.85 0.00%
1925 $1.89 2.34%
1926 $1.91 1.14%
1927 $1.88 -1.69%
1928 $1.85 -1.72%
1929 $1.85 0.00%
1930 $1.80 -2.34%
1931 $1.64 -8.98%
1932 $1.48 -9.87%
1933 $1.40 -5.11%
1934 $1.45 3.08%
1935 $1.48 2.24%
1936 $1.50 1.46%
1937 $1.56 3.60%
1938 $1.52 -2.08%
1939 $1.50 -1.42%
1940 $1.51 0.72%
1941 $1.59 5.00%
1942 $1.76 10.88%
1943 $1.87 6.13%
1944 $1.90 1.73%
1945 $1.94 2.27%
1946 $2.11 8.33%
1947 $2.41 14.36%
1948 $2.60 8.07%
1949 $2.57 -1.24%
1950 $2.60 1.26%
1951 $2.81 7.88%
1952 $2.86 1.92%
1953 $2.88 0.75%
1954 $2.91 0.75%
1955 $2.90 -0.37%
1956 $2.94 1.49%
1957 $3.04 3.31%
1958 $3.12 2.85%
1959 $3.14 0.69%
1960 $3.20 1.72%
1961 $3.23 1.01%
1962 $3.26 1.00%
1963 $3.31 1.32%
1964 $3.35 1.31%
1965 $3.40 1.61%
1966 $3.50 2.86%
1967 $3.61 3.09%
1968 $3.76 4.19%
1969 $3.96 5.46%
1970 $4.19 5.72%
1971 $4.38 4.38%
1972 $4.52 3.21%
1973 $4.80 6.22%
1974 $5.33 11.04%
1975 $5.81 9.13%
1976 $6.15 5.76%
1977 $6.55 6.50%
1978 $7.04 7.59%
1979 $7.84 11.35%
1980 $8.90 13.50%
1981 $9.82 10.32%
1982 $10.43 6.16%
1983 $10.76 3.21%
1984 $11.23 4.32%
1985 $11.62 3.56%
1986 $11.84 1.86%
1987 $12.27 3.65%
1988 $12.78 4.14%
1989 $13.40 4.82%
1990 $14.12 5.40%
1991 $14.71 4.21%
1992 $15.16 3.01%
1993 $15.61 2.99%
1994 $16.01 2.56%
1995 $16.46 2.83%
1996 $16.95 2.95%
1997 $17.34 2.29%
1998 $17.61 1.56%
1999 $18.00 2.21%
2000 $18.60 3.36%
2001 $19.13 2.85%
2002 $19.44 1.58%
2003 $19.88 2.28%
2004 $20.41 2.66%
2005 $21.10 3.39%
2006 $21.78 3.23%
2007 $22.40 2.85%
2008 $23.26 3.84%
2009 $23.18 -0.36%
2010 $23.56 1.64%
2011 $24.30 3.16%
2012 $24.80 2.07%
2013 $25.17 1.46%
2014 $25.58 1.62%
2015 $25.61 0.12%
2016 $25.93 1.26%
2017 $26.45 1.99%*
* Not final. See inflation summary for latest details.

News headlines from 1904

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

  • Japanese troops land at Chemulpo in Korea in order to advance toward the border of Manchuria.
  • US gains control of the Panama Canal Zone for a total of $10 million.
  • The St Louis Police force use fingerprints as an investigative method for the first time.

Inflation can vary widely by country. For comparison, in the UK £1.00 in 1904 would be equivalent to £115.55 in 2017, an absolute change of £114.55 and a cumulative change of 11,555.16%.

Compare these numbers to the US's absolute change of $25.45 and percent change of 2,545.00%.


Data Source & Citation

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: “$1 in 1904 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jul. 2018, https://www.officialdata.org/1904-dollars-in-2017?amount=1.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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