U.S. inflation rate in 1929: 0.00%

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U.S. Inflation Rate, 1929-2017 ($1)

The consumer price index (CPI) in 1929 was 17.1. 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 3.07% per year. Prices in 2017 are 1331.0% higher than prices in 1929.

In other words, $1 in the year 1929 is equivalent to $14.31 in 2017, a difference of $13.31 over 88 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 1929 to 2017
Cumulative price change 1331.00%
Average inflation rate 3.07%
Price difference ($1 base) $13.31
CPI in 1929 17.1
CPI in 2017 244.786

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Wireless telephone services · Wine at home · 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 1929

Start with the inflation rate formula:

CPI in 2017 / CPI in 1929 * 1929 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 17.1 in the year 1929 and 244.786 in 2017:

244.786 / 17.1 * $1 = $14.31

The "purchasing power" of $1 from 1929 is $14.31 in 2017.

News headlines from 1929

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

  • The World's smallest country, the Vatican City, is made a Roman enclave
  • Seven gangsters are killed in Chicago (allegedly on) Al Capone's orders, the event is now known as St Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday"
  • ‘Black Thursday’, leads to the Wall Street crash, the biggest depression in the history of the world.

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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