U.S. inflation rate in 1916: 7.92%

Inflation Calculator


U.S. Inflation Rate, 1916-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.11% per year. Prices in 2018 are 2184.0% higher than prices in 1916.

In other words, $1 in the year 1916 is equivalent in purchasing power to $22.84 in 2018, a difference of $21.84 over 102 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1916 to 2018
Cumulative price change 2184.00%
Average inflation rate 3.11%
Price difference ($1 base) $21.84
CPI in 1916 10.9
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Housing · Educational books and supplies · Wine at home · 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 2018 / CPI in 1916 * 1916 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 10.9 in the year 1916 and 248.991 in 2018:

248.991 / 10.9 * $1 = $22.84

$1 in 1916 has the same "purchasing power" as $22.84 in 2018.

News headlines from 1916

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

  • 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

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: ā€œInflation Rate in 1916 | Inflation Calculator.ā€ FinanceRef Inflation Calculator, Alioth Finance, 22 Mar. 2018, http://www.in2013dollars.com/inflation-rate-in-1916.

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