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 2545.0% higher than prices in 1904.
In other words, $1 in the year 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%.
Cumulative price change | 2545.00% |
Average inflation rate | 2.94% |
Price difference ($1 base) | $25.45 |
CPI in 2017 | 244.786 |
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/1904-dollars-in-2017?amount=1.