U.S. inflation rate in 1930: -2.34%

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U.S. Inflation Rate, 1930-2017 ($1)

The consumer price index (CPI) in 1930 was 16.7. 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 3.13% per year. Prices in 2017 are 1366.0% higher than prices in 1930.

In other words, $1 in the year 1930 is equivalent to $14.66 in 2017, a difference of $13.66 over 87 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 1930 to 2017
Cumulative price change 1366.00%
Average inflation rate 3.13%
Price difference ($1 base) $13.66
CPI in 1930 16.7
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Medical care · Public transportation · Rent of primary residence · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1930

Start with the inflation rate formula:

CPI in 2017 / CPI in 1930 * 1930 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 244.786 in 2017:

244.786 / 16.7 * $1 = $14.66

The "purchasing power" of $1 from 1930 is $14.66 in 2017.


News headlines from 1930

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

  • Mohandas Gandhi protests British salt tax by a 200-mile-long walk
  • Clyde Tombaugh discovers Pluto
  • Lawrence Hyland discovers the first radar by accident.
  • 1911 Vicenzo Perugia steals Leonardo da Vinci's masterpiece, the Mona Lisa. (Recovered in Florence in 1913).
  • Roald Amundsen's leads the first expedition to reach the South Pole.
  • An American explorer, called Hiram Bingham, discovers Machu Picchu.

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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