# \$15,000 in 1920 → \$185,900.25 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1920-2018 (\$15,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.60% per year. Prices in 2018 are 1139.3% higher than prices in 1920.

In other words, \$15,000 in the year 1920 is equivalent in purchasing power to \$185,900.25 in 2018, a difference of \$170,900.25 over 98 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$15,000 today will be equivalent to \$15,188.80 next year.

 Cumulative price change 1139.34% Average inflation rate 2.60% Price difference (\$15,000 base) \$170,900.25 CPI in 1920 20 CPI in 2018 247.867

#### Inflation rates for specific categories

Medical care · Milk · New cars · More

S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$15,000 since 1920

CPI in 2018 / CPI in 1920 * 1920 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 20 in the year 1920 and 247.867 in 2018:

247.867 / 20 * \$15,000 = \$185,900.25

\$15,000 in 1920 has the same "purchasing power" as \$185,900.25 in 2018.

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

• The League of Nations' first assembly takes place in Paris.
• The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
• The Catholic Church canonizes Joan of Arc, formally making her a saint.
• The 19th Amendment to the constitution is ratified, granting U.S. woman suffrage for the first time.

### Inflation Data Source

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: “\$15,000 in 1920 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1920-dollars?amount=15000.