According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.11% per year. Prices in 2018 are 1384.2% higher than prices in 1930.
In other words, $12,000 in the year 1930 is equivalent in purchasing power to $178,108.02 in 2018, a difference of $166,108.02 over 88 years.
|Cumulative price change||1384.23%|
|Average inflation rate||3.11%|
|Price difference ($12,000 base)||$166,108.02|
|CPI in 1930||16.7|
|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: “$12,000 in 1930 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1930-dollars?amount=12000.