The consumer price index (CPI) in 1921 was 17.9. 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 2.76% per year. Prices in 2017 are 1268.0% higher than prices in 1921.
In other words, $1 in the year 1921 is equivalent to $13.68 in 2017, a difference of $12.68 over 96 years.
|Cumulative price change||1268.00%|
|Average inflation rate||2.76%|
|Price difference ($1 base)||$12.68|
|CPI in 1921||17.9|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' Consumer Price Index (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.