$73 in 1913 → $1,864.71 in 2018

Inflation Calculator

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U.S. Inflation Rate, $73 in 1913 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 2,454.39% higher than prices in 1913. The dollar experienced an average inflation rate of 3.13% per year during this period.

In other words, $73 in 1913 is equivalent in purchasing power to $1,864.71 in 2018, a difference of $1,791.71 over 105 years.

The 1913 inflation rate was 2.06%. The current inflation rate (2017 to 2018) is now 2.52%1. If this number holds, $73 today will be equivalent to $74.84 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1913 to 2018
Cumulative price change 2,454.39%
Average inflation rate 3.13%
Converted amount ($73 base) $1,864.71
Price difference ($73 base) $1,791.71
CPI in 1913 9.900
CPI in 2018 252.885
Inflation in 1913 2.06%
Inflation in 2018 2.52%


U.S. Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI

Buying power of $73 since 1913

This chart shows calculations of buying power equivalence over time for $73 in 1913 (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 USD Value Inflation Rate
1913 $73.00 2.06%
1914 $73.74 1.01%
1915 $74.47 1.00%
1916 $80.37 7.92%
1917 $94.38 17.43%
1918 $111.34 17.97%
1919 $127.57 14.57%
1920 $147.47 15.61%
1921 $131.99 -10.50%
1922 $123.88 -6.15%
1923 $126.09 1.79%
1924 $126.09 0.00%
1925 $129.04 2.34%
1926 $130.52 1.14%
1927 $128.30 -1.69%
1928 $126.09 -1.72%
1929 $126.09 0.00%
1930 $123.14 -2.34%
1931 $112.08 -8.98%
1932 $101.02 -9.87%
1933 $95.86 -5.11%
1934 $98.81 3.08%
1935 $101.02 2.24%
1936 $102.49 1.46%
1937 $106.18 3.60%
1938 $103.97 -2.08%
1939 $102.49 -1.42%
1940 $103.23 0.72%
1941 $108.39 5.00%
1942 $120.19 10.88%
1943 $127.57 6.13%
1944 $129.78 1.73%
1945 $132.73 2.27%
1946 $143.79 8.33%
1947 $164.43 14.36%
1948 $177.71 8.07%
1949 $175.49 -1.24%
1950 $177.71 1.26%
1951 $191.72 7.88%
1952 $195.40 1.92%
1953 $196.88 0.75%
1954 $198.35 0.75%
1955 $197.62 -0.37%
1956 $200.57 1.49%
1957 $207.20 3.31%
1958 $213.10 2.85%
1959 $214.58 0.69%
1960 $218.26 1.72%
1961 $220.47 1.01%
1962 $222.69 1.00%
1963 $225.64 1.32%
1964 $228.59 1.31%
1965 $232.27 1.61%
1966 $238.91 2.86%
1967 $246.28 3.09%
1968 $256.61 4.19%
1969 $270.62 5.46%
1970 $286.10 5.72%
1971 $298.64 4.38%
1972 $308.22 3.21%
1973 $327.39 6.22%
1974 $363.53 11.04%
1975 $396.71 9.13%
1976 $419.57 5.76%
1977 $446.85 6.50%
1978 $480.77 7.59%
1979 $535.33 11.35%
1980 $607.60 13.50%
1981 $670.27 10.32%
1982 $711.57 6.16%
1983 $734.42 3.21%
1984 $766.13 4.32%
1985 $793.41 3.56%
1986 $808.16 1.86%
1987 $837.66 3.65%
1988 $872.31 4.14%
1989 $914.34 4.82%
1990 $963.75 5.40%
1991 $1,004.30 4.21%
1992 $1,034.54 3.01%
1993 $1,065.51 2.99%
1994 $1,092.79 2.56%
1995 $1,123.76 2.83%
1996 $1,156.94 2.95%
1997 $1,183.48 2.29%
1998 $1,201.92 1.56%
1999 $1,228.46 2.21%
2000 $1,269.76 3.36%
2001 $1,305.89 2.85%
2002 $1,326.54 1.58%
2003 $1,356.77 2.28%
2004 $1,392.90 2.66%
2005 $1,440.09 3.39%
2006 $1,486.55 3.23%
2007 $1,528.89 2.85%
2008 $1,587.59 3.84%
2009 $1,581.94 -0.36%
2010 $1,607.89 1.64%
2011 $1,658.64 3.16%
2012 $1,692.97 2.07%
2013 $1,717.76 1.46%
2014 $1,745.63 1.62%
2015 $1,747.70 0.12%
2016 $1,769.75 1.26%
2017 $1,807.45 2.13%
2018 $1,864.71 3.17%*
* 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 £73.00 in 1913 would be equivalent to £8,181.00 in 2018, an absolute change of £8,108.00 and a cumulative change of 11,106.86%.

Compare these numbers to the US's overall absolute change of $1,791.71 and total percent change of 2,454.39%.


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 1913 and 2018.

Compare these values to the overall average of 3.13% per year:

Category Avg Inflation (%) Total Inflation (%) $73 in 1913 → 2018
Food 3.13 2,452.75 1,863.50
Shelter 4.10 6,718.21 4,977.29
Energy 3.89 5,400.61 4,015.45
Apparel 2.06 747.24 618.49
New vehicles 1.05 200.65 219.48
Used cars and trucks 0.61 90.17 138.83
Transportation services 3.35 3,065.21 2,310.60
Medical care services 5.11 18,594.63 13,647.08
Medical care commodities 4.29 8,090.24 5,978.87

It's important to note that not all categories may be tracked since 1913. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $73 since 1913

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1913
×
1913 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 9.9 in the year 1913 and 252.885 in 2018:

252.8859.9
×
$73
=
$1,864.71

$73 in 1913 has the same "purchasing power" or "buying power" as $1,864.71 in 2018.

To get the total inflation rate for the 105 years between 1913 and 2018, we use the following formula:

CPI in 2018 - CPI in 1913CPI in 1913
×
100
=
Cumulative inflation rate (105 years)

Plugging in the values to this equation, we get:

252.885 - 9.99.9
×
100
=
2,454%

Comparison to S&P 500 Index

The average inflation rate of 3.13% has a compounding effect between 1913 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 2,454.39% over 105 years.

To help put this inflation into perspective, if we had invested $73 in the S&P 500 index in 1913, our investment would be nominally worth approximately $1,576,362.45 in 2018. This is a return on investment of 2,159,300.62%, with an absolute return of $1,576,289.45.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 96.09% of returns ($1,514,580.51) during this period. This means the inflation-adjusted real return of our $73 investment is $61,708.94.

Investment in S&P 500 Index, 1913-2018
Original Amount Final Amount Change
Nominal $73 $1,576,362.45 2,159,300.62%
Real
Inflation Adjusted
$73 $61,708.94 84,532.80%


News headlines from 1913

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

  • The House of Commons accepts Home Rule for Ireland.
  • China's first parliament is opened in Beijing.
  • The nation of Albania is formed.
  • The Ford Motor Company introduces the first moving assembly line.

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: “$73 in 1913 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Nov. 2018, https://www.officialdata.org/1913-dollars-in-2018?amount=73.

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


» Read more about inflation and investment.