$1,000,000 in 1915 → $980,198.02 in 1913

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$1,000,000 in 1915 → $980,198.02 in 1913

U.S. Inflation Rate, $1,000,000 in 1915 to 1913

According to the Bureau of Labor Statistics consumer price index, prices in 1913 are 1.98% lower than average prices throughout 1915. The dollar experienced an average inflation rate of 1.01% per year during this period, meaning the real value of a dollar decreased.

In other words, $1,000,000 in 1915 is equivalent in purchasing power to about $980,198.02 in 1913, a difference of $-19,801.98 over 2 years.

The 1913 inflation rate was 2.06%. The inflation rate in 1915 was 1.00%. The 1915 inflation rate is lower compared to the average inflation rate of 3.16% per year between 1915 and 2019.


Inflation from 1915 to 1913
Cumulative price change -1.98%
Average inflation rate 1.01%
Converted amount ($1,000,000 base) $980,198.02
Price difference ($1,000,000 base) $-19,801.98
CPI in 1915 10.100
CPI in 1913 9.900
Inflation in 1913 2.06%
Inflation in 1915 1.00%

USD Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI
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Buying power of $1,000,000 in 1913

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1,000,000 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 Dollar Value Inflation Rate
1913 $1,000,000.00 2.06%
1914 $1,010,101.01 1.01%
1915 $1,020,202.02 1.00%
1916 $1,101,010.10 7.92%
1917 $1,292,929.29 17.43%
1918 $1,525,252.53 17.97%
1919 $1,747,474.75 14.57%
1920 $2,020,202.02 15.61%
1921 $1,808,080.81 -10.50%
1922 $1,696,969.70 -6.15%
1923 $1,727,272.73 1.79%
1924 $1,727,272.73 0.00%
1925 $1,767,676.77 2.34%
1926 $1,787,878.79 1.14%
1927 $1,757,575.76 -1.69%
1928 $1,727,272.73 -1.72%
1929 $1,727,272.73 0.00%
1930 $1,686,868.69 -2.34%
1931 $1,535,353.54 -8.98%
1932 $1,383,838.38 -9.87%
1933 $1,313,131.31 -5.11%
1934 $1,353,535.35 3.08%
1935 $1,383,838.38 2.24%
1936 $1,404,040.40 1.46%
1937 $1,454,545.45 3.60%
1938 $1,424,242.42 -2.08%
1939 $1,404,040.40 -1.42%
1940 $1,414,141.41 0.72%
1941 $1,484,848.48 5.00%
1942 $1,646,464.65 10.88%
1943 $1,747,474.75 6.13%
1944 $1,777,777.78 1.73%
1945 $1,818,181.82 2.27%
1946 $1,969,696.97 8.33%
1947 $2,252,525.25 14.36%
1948 $2,434,343.43 8.07%
1949 $2,404,040.40 -1.24%
1950 $2,434,343.43 1.26%
1951 $2,626,262.63 7.88%
1952 $2,676,767.68 1.92%
1953 $2,696,969.70 0.75%
1954 $2,717,171.72 0.75%
1955 $2,707,070.71 -0.37%
1956 $2,747,474.75 1.49%
1957 $2,838,383.84 3.31%
1958 $2,919,191.92 2.85%
1959 $2,939,393.94 0.69%
1960 $2,989,898.99 1.72%
1961 $3,020,202.02 1.01%
1962 $3,050,505.05 1.00%
1963 $3,090,909.09 1.32%
1964 $3,131,313.13 1.31%
1965 $3,181,818.18 1.61%
1966 $3,272,727.27 2.86%
1967 $3,373,737.37 3.09%
1968 $3,515,151.52 4.19%
1969 $3,707,070.71 5.46%
1970 $3,919,191.92 5.72%
1971 $4,090,909.09 4.38%
1972 $4,222,222.22 3.21%
1973 $4,484,848.48 6.22%
1974 $4,979,797.98 11.04%
1975 $5,434,343.43 9.13%
1976 $5,747,474.75 5.76%
1977 $6,121,212.12 6.50%
1978 $6,585,858.59 7.59%
1979 $7,333,333.33 11.35%
1980 $8,323,232.32 13.50%
1981 $9,181,818.18 10.32%
1982 $9,747,474.75 6.16%
1983 $10,060,606.06 3.21%
1984 $10,494,949.49 4.32%
1985 $10,868,686.87 3.56%
1986 $11,070,707.07 1.86%
1987 $11,474,747.47 3.65%
1988 $11,949,494.95 4.14%
1989 $12,525,252.53 4.82%
1990 $13,202,020.20 5.40%
1991 $13,757,575.76 4.21%
1992 $14,171,717.17 3.01%
1993 $14,595,959.60 2.99%
1994 $14,969,696.97 2.56%
1995 $15,393,939.39 2.83%
1996 $15,848,484.85 2.95%
1997 $16,212,121.21 2.29%
1998 $16,464,646.46 1.56%
1999 $16,828,282.83 2.21%
2000 $17,393,939.39 3.36%
2001 $17,888,888.89 2.85%
2002 $18,171,717.17 1.58%
2003 $18,585,858.59 2.28%
2004 $19,080,808.08 2.66%
2005 $19,727,272.73 3.39%
2006 $20,363,636.36 3.23%
2007 $20,943,636.36 2.85%
2008 $21,747,777.78 3.84%
2009 $21,670,404.04 -0.36%
2010 $22,025,858.59 1.64%
2011 $22,721,111.11 3.16%
2012 $23,191,313.13 2.07%
2013 $23,531,010.10 1.46%
2014 $23,912,727.27 1.62%
2015 $23,941,111.11 0.12%
2016 $24,243,131.31 1.26%
2017 $24,759,595.96 2.13%
2018 $25,364,326.60 2.44%
2019 $25,873,030.30 2.01%*
* 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 £1,000,000.00 in 1915 would be equivalent to £890,909.09 in 1913, an absolute change of £-109,090.91 and a cumulative change of -10.91%.

Compare these numbers to the US's overall absolute change of $-19,801.98 and total percent change of -1.98%.


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 1915 and 1913.

Compare these values to the overall average of 1.01% per year:

Category Avg Inflation (%) Total Inflation (%) $1,000,000 in 1913 → 1915
Food 0.66 1.32 1,013,178.29
Shelter 0.00 0.00 1,000,000.00
Energy 0.00 0.00 1,000,000.00
Apparel 1.83 3.69 1,036,912.75
New vehicles 0.00 0.00 1,000,000.00
Used cars and trucks 0.00 0.00 1,000,000.00
Transportation services 0.00 0.00 1,000,000.00
Medical care services 0.00 0.00 1,000,000.00
Medical care commodities 0.00 0.00 1,000,000.00

It's important to note that not all categories may be tracked since 1915. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1,000,000, 1913 to 1915

This inflation calculator uses the following inflation rate formula:

CPI in 1913CPI in 1915
×
1915 USD value
=
1913 USD value

Then plug in historical CPI values. The U.S. CPI was 10.1 in the year 1915 and 9.9 in 1913:

9.910.1
×
$1,000,000
=
$980,198.02

$1,000,000 in 1915 has the same "purchasing power" or "buying power" as $980,198.02 in 1913.

To get the total inflation rate for the 2 years between 1913 and 1915, we use the following formula:

CPI in 1913 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9.9 - 10.110.1
×
100
=
-2%

News headlines from 1913

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

  • French troops force Germans back into the Champagne region, suffering losses of 50,000 men and gaining several hundred yards.
  • Germany uses poison gas for the first time in World War I.
  • Almost 430,000 French, British, and Germans are killed in the Battle of Loos.
  • The one-millionth Model T is produced by Ford Motor Company.

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: “$1,000,000 in 1915 → 1913 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jul. 2019, https://www.officialdata.org/1915-dollars-in-1913?amount=1000000.

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 1915 to 1913
Cumulative price change -1.98%
Average inflation rate 1.01%
Converted amount ($1,000,000 base) $980,198.02
Price difference ($1,000,000 base) $-19,801.98
CPI in 1915 10.100
CPI in 1913 9.900
Inflation in 1913 2.06%
Inflation in 1915 1.00%
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