According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.58% per year. Prices in 2017 are 1687.0% higher than prices in 1935.

In other words, $1 in the year 1935 is equivalent to $17.87 in 2017, a difference of $16.87 over 82 years.

The
current inflation rate
in 2017 is 1.99%^{1}. If this number holds, $1 today will be equivalent to $1.02 next year.

Cumulative price change | 1687.00% |

Average inflation rate | 3.58% |

Price difference ($1 base) | $16.87 |

CPI in 1935 | 13.7 |

CPI in 2017 | 244.786 |

CPI in 2017 / CPI in 1935 * 1935 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1935 and 244.786 in 2017:

244.786 / 13.7 * $1 =

$1 in 1935 has the same "purchasing power" as $17.87 in 2017.

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

- Hitler violates the Treaty of Versailles ordering German rearmament.
- A sandstorm in the US Midwest creates the "Dust Bowl" in an event known as Black Sunday.
- Communist forces end their Long March bringing Mao Zedong to prominence.
- First trans-pacific airmail flight by a Flying boat the "China Clipper" that took off from Alameda, California

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: “$1 in 1935 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 11 Dec. 2017, http://www.in2013dollars.com/1935-dollars-in-2017?amount=1.