U.S. inflation rate in 1914: 1.01%

Inflation Calculator

$

U.S. Inflation Rate, 1914-2017 ($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, the dollar experienced an average inflation rate of 3.15% per year. Prices in 2017 are 2348.0% higher than prices in 1914.

In other words, $1 in the year 1914 is equivalent to $24.48 in 2017, a difference of $23.48 over 103 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.

Inflation from 1914 to 2017
Cumulative price change 2348.00%
Average inflation rate 3.15%
Price difference ($1 base) $23.48
CPI in 1914 10
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Fresh fruits · Food · Hospital services · 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 2017 / CPI in 1914 * 1914 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 10 in the year 1914 and 244.786 in 2017:

244.786 / 10 * $1 = $24.48

$1 in 1914 has the same "purchasing power" as $24.48 in 2017.


News headlines from 1914

Politics and news often play an important role in economic performance.

  • 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, signal 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 WWI.

Inflation Data Source: 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.


» Read more about inflation.