According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.16% per year. Prices in 2018 are 2354.2% higher than prices in 1915.
In other words, $20 in the year 1915 is equivalent in purchasing power to $490.83 in 2018, a difference of $470.83 over 103 years.
|Cumulative price change||2354.15%|
|Average inflation rate||3.16%|
|Price difference ($20 base)||$470.83|
|CPI in 1915||10.1|
|CPI in 2018||247.867|
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: “$20 in 1915 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018, http://www.in2013dollars.com/1915-dollars?amount=20.