U.S. inflation rate in 1914: 1.01%

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U.S. Inflation Rate, 1914-2018 ($1)

The consumer price index (CPI) in 1914 was 10. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.14% per year. Prices in 2018 are 2379.0% higher than prices in 1914.

In other words, $1 in the year 1914 is equivalent in purchasing power to $24.79 in 2018, a difference of $23.79 over 104 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1914 to 2018
Cumulative price change 2379.00%
Average inflation rate 3.14%
Price difference ($1 base) $23.79
CPI in 1914 10
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Gasoline (all types) · Film and photographic supplies · Food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1914

Start with the inflation rate formula:

CPI in 2018 / CPI in 1914 * 1914 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 10 in the year 1914 and 247.867 in 2018:

247.867 / 10 * $1 = $24.79

$1 in 1914 has the same "purchasing power" as $24.79 in 2018.


News headlines from 1914

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

  • The Model T assembly line is introduced by Henry Ford's company.
  • The first successful blood transfusion happens in Brussels, Belgium.
  • The Assassination of Franz Ferdinand, an Austrian prince, and his wife Sophie by Serbian nationalist Gavrilo Princip in Sarayevo signals the start of World War I.
  • Austria-Hungary declares war on Serbia, officially beginning World War I.
  • Germany declares war on France and Belgium in World War I.

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: “Inflation Rate in 1914 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 14 Feb. 2018, http://www.in2013dollars.com/inflation-rate-in-1914.


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