U.S. inflation rate in 1922: -6.15%

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U.S. Inflation Rate, 1922-2017 ($1)

The consumer price index (CPI) in 1922 was 16.8. 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 2.86% per year. Prices in 2017 are 1357.0% higher than prices in 1922.

In other words, $1 in the year 1922 is equivalent to $14.57 in 2017, a difference of $13.57 over 95 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 1922 to 2017
Cumulative price change 1357.00%
Average inflation rate 2.86%
Price difference ($1 base) $13.57
CPI in 1922 16.8
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Juices and nonalcoholic drinks · Wireless telephone services · New cars · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1922

Start with the inflation rate formula:

CPI in 2017 / CPI in 1922 * 1922 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 16.8 in the year 1922 and 244.786 in 2017:

244.786 / 16.8 * $1 = $14.57

$1 in 1922 has the same "purchasing power" as $14.57 in 2017.


News headlines from 1922

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

  • Egypt's independence is granted by Great Britain
  • Mahatma Gandhi is sentenced to six years imprisonment for disobedience
  • Stalin is appointed General Secretary of the Russian Communist Party
  • The Ottoman Empire's last sultan Mehmed VI is expelled to Malta on British warship.

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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