$1 in 1925 → $0.98 in 1923

Inflation Calculator

$

$1 in 1925 → $0.98 in 1923

U.S. Inflation Rate, $1 in 1925 to 1923

According to the Bureau of Labor Statistics consumer price index, prices in 1923 are 2.29% lower than average prices throughout 1925. The dollar experienced an average inflation rate of 1.16% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1925 is equivalent in purchasing power to about $0.98 in 1923, a difference of $-0.02 over 2 years.

The 1923 inflation rate was 1.79%. The inflation rate in 1925 was 2.34%. The 1925 inflation rate is lower compared to the average inflation rate of 2.90% per year between 1925 and 2019.


Inflation from 1925 to 1923
Cumulative price change -2.29%
Average inflation rate 1.16%
Converted amount ($1 base) $0.98
Price difference ($1 base) $-0.02
CPI in 1925 17.500
CPI in 1923 17.100
Inflation in 1923 1.79%
Inflation in 1925 2.34%

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

Buying power of $1 in 1923

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1923 (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
1923 $1.00 1.79%
1924 $1.00 0.00%
1925 $1.02 2.34%
1926 $1.04 1.14%
1927 $1.02 -1.69%
1928 $1.00 -1.72%
1929 $1.00 0.00%
1930 $0.98 -2.34%
1931 $0.89 -8.98%
1932 $0.80 -9.87%
1933 $0.76 -5.11%
1934 $0.78 3.08%
1935 $0.80 2.24%
1936 $0.81 1.46%
1937 $0.84 3.60%
1938 $0.82 -2.08%
1939 $0.81 -1.42%
1940 $0.82 0.72%
1941 $0.86 5.00%
1942 $0.95 10.88%
1943 $1.01 6.13%
1944 $1.03 1.73%
1945 $1.05 2.27%
1946 $1.14 8.33%
1947 $1.30 14.36%
1948 $1.41 8.07%
1949 $1.39 -1.24%
1950 $1.41 1.26%
1951 $1.52 7.88%
1952 $1.55 1.92%
1953 $1.56 0.75%
1954 $1.57 0.75%
1955 $1.57 -0.37%
1956 $1.59 1.49%
1957 $1.64 3.31%
1958 $1.69 2.85%
1959 $1.70 0.69%
1960 $1.73 1.72%
1961 $1.75 1.01%
1962 $1.77 1.00%
1963 $1.79 1.32%
1964 $1.81 1.31%
1965 $1.84 1.61%
1966 $1.89 2.86%
1967 $1.95 3.09%
1968 $2.04 4.19%
1969 $2.15 5.46%
1970 $2.27 5.72%
1971 $2.37 4.38%
1972 $2.44 3.21%
1973 $2.60 6.22%
1974 $2.88 11.04%
1975 $3.15 9.13%
1976 $3.33 5.76%
1977 $3.54 6.50%
1978 $3.81 7.59%
1979 $4.25 11.35%
1980 $4.82 13.50%
1981 $5.32 10.32%
1982 $5.64 6.16%
1983 $5.82 3.21%
1984 $6.08 4.32%
1985 $6.29 3.56%
1986 $6.41 1.86%
1987 $6.64 3.65%
1988 $6.92 4.14%
1989 $7.25 4.82%
1990 $7.64 5.40%
1991 $7.96 4.21%
1992 $8.20 3.01%
1993 $8.45 2.99%
1994 $8.67 2.56%
1995 $8.91 2.83%
1996 $9.18 2.95%
1997 $9.39 2.29%
1998 $9.53 1.56%
1999 $9.74 2.21%
2000 $10.07 3.36%
2001 $10.36 2.85%
2002 $10.52 1.58%
2003 $10.76 2.28%
2004 $11.05 2.66%
2005 $11.42 3.39%
2006 $11.79 3.23%
2007 $12.13 2.85%
2008 $12.59 3.84%
2009 $12.55 -0.36%
2010 $12.75 1.64%
2011 $13.15 3.16%
2012 $13.43 2.07%
2013 $13.62 1.46%
2014 $13.84 1.62%
2015 $13.86 0.12%
2016 $14.04 1.26%
2017 $14.33 2.13%
2018 $14.68 2.44%
2019 $15.00 2.17%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1925 to 1923 (figures shown are purchasing power equivalents of $1):

Chicago, Illinois experienced the highest rate of inflation during the 2 years between 1923 and 1925 (2.09%).

Atlanta, Georgia experienced the lowest rate of inflation during the 2 years between 1923 and 1925 (0.40%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1925 would be equivalent to £1.01 in 1923, an absolute change of £0.01 and a cumulative change of 0.54%.

In Canada, CA$1.00 in 1925 would be equivalent to CA$0.99 in 1923, an absolute change of CA$-0.01 and a cumulative change of -1.08%.

Compare these numbers to the US's overall absolute change of $-0.02 and total percent change of -2.29%.


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 1925 and 1923.

Compare these values to the overall average of 1.16% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1923 → 1925
Food 3.56 7.25 1.07
Shelter 0.00 0.00 1.00
Energy 0.00 0.00 1.00
Apparel -1.49 -2.95 0.97
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 0.00 0.00 1.00
Medical care services 0.00 0.00 1.00
Medical care commodities 0.00 0.00 1.00

It's important to note that not all categories may be tracked since 1925. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1923 to 1925

This inflation calculator uses the following inflation rate formula:

CPI in 1923CPI in 1925
×
1925 USD value
=
1923 USD value

Then plug in historical CPI values. The U.S. CPI was 17.5 in the year 1925 and 17.1 in 1923:

17.117.5
×
$1
=
$0.98

$1 in 1925 has the same "purchasing power" or "buying power" as $0.98 in 1923.

To get the total inflation rate for the 2 years between 1923 and 1925, we use the following formula:

CPI in 1923 - CPI in 1925CPI in 1925
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

17.1 - 17.517.5
×
100
=
-2%

News headlines from 1923

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

  • Mein Kampf is published by Adolf Hitler.
  • The Ku Klux Klan's first national march takes place in Washington.
  • The last Qajar Shah of Iran is deposed with Reza Shah Pahlavi taking over.
  • Scopes monkey trial ends in Dayton, Tennessee, finding John T. Scopes guilty of teaching evolution.

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 in 1925 → 1923 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Sep. 2019, https://www.officialdata.org/1925-dollars-in-1923?amount=1.

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 1925 to 1923
Cumulative price change -2.29%
Average inflation rate 1.16%
Converted amount ($1 base) $0.98
Price difference ($1 base) $-0.02
CPI in 1925 17.500
CPI in 1923 17.100
Inflation in 1923 1.79%
Inflation in 1925 2.34%
Download Image