U.S. inflation rate in 1916: 7.92%

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U.S. Inflation Rate, 1916-2017 ($1)

The consumer price index (CPI) in 1916 was 10.9. 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 3.13% per year. Prices in 2017 are 2146.0% higher than prices in 1916.

In other words, $1 in the year 1916 is equivalent to $22.46 in 2017, a difference of $21.46 over 101 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 1916 to 2017
Cumulative price change 2146.00%
Average inflation rate 3.13%
Price difference ($1 base) $21.46
CPI in 1916 10.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New cars · Admission to sporting events · Baby 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 1916

Start with the inflation rate formula:

CPI in 2017 / CPI in 1916 * 1916 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 10.9 in the year 1916 and 244.786 in 2017:

244.786 / 10.9 * $1 = $22.46

$1 in 1916 has the same "purchasing power" as $22.46 in 2017.


News headlines from 1916

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

  • Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
  • An estimated 1 million men are killed during the Battle of Verdun.
  • The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
  • Tanks known as, 'Little Willies', are used for the first time at the Battle of the Somme.
  • The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace

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.


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