According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.10% per year. Prices in 2016 are 2297.3% higher than prices in 1912.
In other words, $100 in the year 1912 is equivalent in purchasing power to $2,397.27 in 2016, a difference of $2,297.27 over 104 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2297.27%|
|Average inflation rate||3.10%|
|Price difference ($100 base)||$2,297.27|
|CPI in 2016||240.007|
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: “1912 dollars in 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 14 Feb. 2018, http://www.in2013dollars.com/1912-dollars-in-2016.