$20 in 1930 → $296.85 in 2018

Inflation Calculator

$

U.S. Inflation Rate, 1930-2018 ($20)

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 1384.3% higher than prices in 1930.

In other words, $20 in the year 1930 is equivalent in purchasing power to $296.85 in 2018, a difference of $276.85 over 88 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $20 today will be equivalent to $20.25 next year.

Inflation from 1930 to 2018
Cumulative price change 1384.25%
Average inflation rate 3.11%
Price difference ($20 base) $276.85
CPI in 1930 16.7
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Juices and nonalcoholic drinks · College tuition and fees · Wine at home · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $20 since 1930

Start with the inflation rate formula:

CPI in 2018 / CPI in 1930 * 1930 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 247.867 in 2018:

247.867 / 16.7 * $20 = $296.85

$20 in 1930 has the same "purchasing power" as $296.85 in 2018.


News headlines from 1930

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

  • Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
  • Clyde Tombaugh discovers Pluto.
  • Lawrence Hyland discovers the first radar by accident.
  • Roald Amundsen's leads the first expedition to reach the South Pole.
  • American explorer Hiram Bingham discovers Machu Picchu.

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: “$20 in 1930 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018, http://www.in2013dollars.com/1930-dollars?amount=20.


» Read more about inflation.