New York prices: $100 in 1937 $98.32 in 1938

Inflation in New York

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Prices in New York, 1937-1938 ($100)

According to the U.S. Bureau of Labor Statistics, prices in New York were 1.68% lower in 1938 versus 1937 (a $1.68 difference in value).

Between 1937 and 1938: New York experienced an average inflation rate of -1.68% per year. In other words, $100 in New York in the year 1937 would cost $98.32 in 1938 for an equivalent purchase. Compared to the overall inflation rate of -2.03% during this same period, inflation in New York was higher.

In the year 1937: Pricing changed by 2.18%, which is significantly above the average yearly change in New York during the 1937-1938 time period. Compared to inflation for all items in 1937 (3.72%), inflation in New York was lower.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

View price changes for other categories
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Buying power of $100.00 since 1937

Below are calculations of equivalent buying power in New York, over time, for $100 beginning in 1937. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1937$100.002.18%
1938$98.32-1.68%
1939$97.87-0.46%
1940$98.881.03%
1941$102.583.74%
1942$112.449.62%
1943$120.857.48%
1944$123.772.41%
1945$126.632.31%
1946$139.139.87%
1947$155.8312.01%
1948$166.426.80%
1949$164.57-1.11%
1950$165.530.58%
1951$177.867.45%
1952$180.941.73%
1953$181.890.53%
1954$183.020.62%
1955$182.17-0.46%
1956$184.871.48%
1957$190.753.18%
1958$196.473.00%
1959$199.441.51%
1960$203.081.83%
1961$204.880.88%
1962$208.021.53%
1963$212.562.18%
1964$215.861.56%
1965$219.341.61%
1966$226.743.37%
1967$232.622.60%
1968$242.664.31%
1969$257.686.19%
1970$276.797.42%
1971$292.835.79%
1972$305.724.40%
1973$325.176.36%
1974$360.1510.76%
1975$387.507.60%
1976$410.265.87%
1977$431.615.21%
1978$456.395.74%
1979$495.918.66%
1980$551.9111.29%
1981$606.229.84%
1982$641.265.78%
1983$671.524.72%
1984$705.165.01%
1985$731.223.70%
1986$755.213.28%
1987$793.395.05%
1988$831.954.86%
1989$878.205.56%
1990$931.896.11%
1991$973.994.52%
1992$1,009.143.61%
1993$1,039.292.99%
1994$1,064.012.38%
1995$1,090.752.51%
1996$1,122.812.94%
1997$1,148.992.33%
1998$1,167.771.63%
1999$1,190.471.94%
2000$1,227.473.11%
2001$1,258.742.55%
2002$1,290.812.55%
2003$1,330.443.07%
2004$1,377.353.53%
2005$1,430.773.88%
2006$1,484.813.78%
2007$1,526.502.81%
2008$1,585.983.90%
2009$1,592.990.44%
2010$1,620.161.71%
2011$1,666.262.85%
2012$1,699.021.97%
2013$1,727.581.68%
2014$1,750.421.32%
2015$1,752.630.13%
2016$1,771.511.08%
2017$1,806.191.96%
2018$1,840.631.91%
2019$1,871.061.65%
2020$1,903.051.71%
2021$1,966.163.32%
2022$2,086.156.10%
2023$2,165.913.82%
2024$2,211.752.12%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New York:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.641278.164282.920292.303310.141321.998328.814

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 1938 / CPI in 1937 * 1937 USD value = 1938 USD value

Then plug in historical CPI values from above. The CPI for New York was 14.867 in the year 1937 and 14.617 in 1938:

14.617 / 14.867 * $100 = $98.32

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1937 has the same "purchasing power" as $98.32 in 1938 (in the CPI category of New York).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New York in 1914. In addition to New York, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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