$1 in 1905 → $0.98 in 1902

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$1 in 1905 → $0.98 in 1902

U.S. Inflation Rate, $1 in 1905 to 1902

According to the Bureau of Labor Statistics consumer price index, prices in 1902 are 2.27% lower than average prices throughout 1905. The dollar experienced an average inflation rate of 0.77% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1905 is equivalent in purchasing power to about $0.98 in 1902, a difference of $-0.02 over 3 years.

The 1902 inflation rate was 1.18%. The inflation rate in 1905 was -1.12%. The 1905 inflation rate is lower compared to the average inflation rate of 3.00% per year between 1905 and 2019.


Inflation from 1905 to 1902
Cumulative price change -2.27%
Average inflation rate 0.77%
Converted amount ($1 base) $0.98
Price difference ($1 base) $-0.02
CPI in 1905 8.800
CPI in 1902 8.600
Inflation in 1902 1.18%
Inflation in 1905 -1.12%

U.S. inflation chart since 1665


Buying power of $1 in 1902

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1902 (price index tracking began in 1635).

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 Dollar Value Inflation Rate
1902 $1.00 1.18%
1903 $1.02 2.33%
1904 $1.03 1.14%
1905 $1.02 -1.12%
1906 $1.05 2.27%
1907 $1.09 4.44%
1908 $1.07 -2.13%
1909 $1.06 -1.09%
1910 $1.10 4.40%
1911 $1.10 0.00%
1912 $1.13 2.11%
1913 $1.15 2.06%
1914 $1.16 1.01%
1915 $1.17 1.00%
1916 $1.27 7.92%
1917 $1.49 17.43%
1918 $1.76 17.97%
1919 $2.01 14.57%
1920 $2.33 15.61%
1921 $2.08 -10.50%
1922 $1.95 -6.15%
1923 $1.99 1.79%
1924 $1.99 0.00%
1925 $2.03 2.34%
1926 $2.06 1.14%
1927 $2.02 -1.69%
1928 $1.99 -1.72%
1929 $1.99 0.00%
1930 $1.94 -2.34%
1931 $1.77 -8.98%
1932 $1.59 -9.87%
1933 $1.51 -5.11%
1934 $1.56 3.08%
1935 $1.59 2.24%
1936 $1.62 1.46%
1937 $1.67 3.60%
1938 $1.64 -2.08%
1939 $1.62 -1.42%
1940 $1.63 0.72%
1941 $1.71 5.00%
1942 $1.90 10.88%
1943 $2.01 6.13%
1944 $2.05 1.73%
1945 $2.09 2.27%
1946 $2.27 8.33%
1947 $2.59 14.36%
1948 $2.80 8.07%
1949 $2.77 -1.24%
1950 $2.80 1.26%
1951 $3.02 7.88%
1952 $3.08 1.92%
1953 $3.10 0.75%
1954 $3.13 0.75%
1955 $3.12 -0.37%
1956 $3.16 1.49%
1957 $3.27 3.31%
1958 $3.36 2.85%
1959 $3.38 0.69%
1960 $3.44 1.72%
1961 $3.48 1.01%
1962 $3.51 1.00%
1963 $3.56 1.32%
1964 $3.60 1.31%
1965 $3.66 1.61%
1966 $3.77 2.86%
1967 $3.88 3.09%
1968 $4.05 4.19%
1969 $4.27 5.46%
1970 $4.51 5.72%
1971 $4.71 4.38%
1972 $4.86 3.21%
1973 $5.16 6.22%
1974 $5.73 11.04%
1975 $6.26 9.13%
1976 $6.62 5.76%
1977 $7.05 6.50%
1978 $7.58 7.59%
1979 $8.44 11.35%
1980 $9.58 13.50%
1981 $10.57 10.32%
1982 $11.22 6.16%
1983 $11.58 3.21%
1984 $12.08 4.32%
1985 $12.51 3.56%
1986 $12.74 1.86%
1987 $13.21 3.65%
1988 $13.76 4.14%
1989 $14.42 4.82%
1990 $15.20 5.40%
1991 $15.84 4.21%
1992 $16.31 3.01%
1993 $16.80 2.99%
1994 $17.23 2.56%
1995 $17.72 2.83%
1996 $18.24 2.95%
1997 $18.66 2.29%
1998 $18.95 1.56%
1999 $19.37 2.21%
2000 $20.02 3.36%
2001 $20.59 2.85%
2002 $20.92 1.58%
2003 $21.40 2.28%
2004 $21.97 2.66%
2005 $22.71 3.39%
2006 $23.44 3.23%
2007 $24.11 2.85%
2008 $25.04 3.84%
2009 $24.95 -0.36%
2010 $25.36 1.64%
2011 $26.16 3.16%
2012 $26.70 2.07%
2013 $27.09 1.46%
2014 $27.53 1.62%
2015 $27.56 0.12%
2016 $27.91 1.26%
2017 $28.50 2.13%
2018 $29.20 2.44%
2019 $29.86 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1905 would be equivalent to £0.99 in 1902, an absolute change of £-0.01 and a cumulative change of -1.08%.

Compare these numbers to the US's overall absolute change of $-0.02 and total percent change of -2.27%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1905 and 1902.

Compare these values to the overall average of 0.77% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1902 → 1905
Food 0.00 0.00 1.00
Shelter 0.00 0.00 1.00
Energy 0.00 0.00 1.00
Apparel 0.00 0.00 1.00
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 0.00 0.00 1.00
Medical care services 0.00 0.00 1.00
Medical care commodities 0.00 0.00 1.00

It's important to note that not all categories may be tracked since 1905. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1902 to 1905

This inflation calculator uses the following inflation rate formula:

CPI in 1902CPI in 1905
×
1905 USD value
=
1902 USD value

Then plug in historical CPI values. The U.S. CPI was 8.8 in the year 1905 and 8.6 in 1902:

8.68.8
×
$1
=
$0.98

$1 in 1905 has the same "purchasing power" or "buying power" as $0.98 in 1902.

To get the total inflation rate for the 3 years between 1902 and 1905, we use the following formula:

CPI in 1902 - CPI in 1905CPI in 1905
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.6 - 8.88.8
×
100
=
-2%

News headlines from 1902

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

  • The Industrial Workers of the World is formed. It is an American anarcho-syndicalist union.
  • Bloody Sunday in Russia: troops fire and kill protesters, mostly workers, marching to the Winter Palace in order to hand a petition to the Tsar.
  • Potemkin's arrival at Odessa leads to sailors joining civilians in the '1905 Revolution’.

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 1905 → 1902 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Oct. 2019, https://www.officialdata.org/1905-dollars-in-1902?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1905 to 1902
Cumulative price change -2.27%
Average inflation rate 0.77%
Converted amount ($1 base) $0.98
Price difference ($1 base) $-0.02
CPI in 1905 8.800
CPI in 1902 8.600
Inflation in 1902 1.18%
Inflation in 1905 -1.12%
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