According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.55% per year. Prices in 2018 are 1709.2% higher than prices in 1935.
In other words, $30 in the year 1935 is equivalent in purchasing power to $542.77 in 2018, a difference of $512.77 over 83 years.
|Cumulative price change||1709.23%|
|Average inflation rate||3.55%|
|Price difference ($30 base)||$512.77|
|CPI in 1935||13.7|
|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: “$30 in 1935 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1935-dollars?amount=30.