U.S. inflation rate in 1929: 0.00%

Inflation Calculator


U.S. Inflation Rate, 1929-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.06% per year. Prices in 2018 are 1356.0% higher than prices in 1929.

In other words, $1 in the year 1929 is equivalent in purchasing power to $14.56 in 2018, a difference of $13.56 over 89 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 1929 to 2018
Cumulative price change 1356.00%
Average inflation rate 3.06%
Price difference ($1 base) $13.56
CPI in 1929 17.1
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Legal services · Alcoholic beverages · Fresh fruits · 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 2018 / CPI in 1929 * 1929 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 17.1 in the year 1929 and 248.991 in 2018:

248.991 / 17.1 * $1 = $14.56

$1 in 1929 has the same "purchasing power" as $14.56 in 2018.

News headlines from 1929

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

  • The world's smallest country, the Vatican City, is created as an enclave of Rome.
  • Seven gangsters are killed in Chicago on Al Capone's orders in an event 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 a Wall Street crash and the biggest depression in the history of the world.

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 1929 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1929.

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