U.S. inflation rate in 1918: 17.97%

Inflation Calculator


U.S. Inflation Rate, 1918-2018 ($1)

The consumer price index (CPI) in 1918 was 15.1. 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 2.84% per year. Prices in 2018 are 1549.0% higher than prices in 1918.

In other words, $1 in the year 1918 is equivalent in purchasing power to $16.49 in 2018, a difference of $15.49 over 100 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 1918 to 2018
Cumulative price change 1549.00%
Average inflation rate 2.84%
Price difference ($1 base) $15.49
CPI in 1918 15.1
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Fish and seafood · Housing · Airline fares · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1918

Start with the inflation rate formula:

CPI in 2018 / CPI in 1918 * 1918 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 15.1 in the year 1918 and 248.991 in 2018:

248.991 / 15.1 * $1 = $16.49

$1 in 1918 has the same "purchasing power" as $16.49 in 2018.

News headlines from 1918

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

  • First recorded case of Spanish flu in Kansas, marking the beginning of a worldwide pandemic killing millions.
  • The Bolshevik Party changes its name to the Communist Party.
  • Moscow is declared the capital of Russia.
  • Tsar Nicholas II of Russia is executed along with his family by a Bolshevik squad in Ekaterinburg.

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 1918 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1918.

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