U.S. inflation rate in 1932: -9.87%

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U.S. Inflation Rate, 1932-2018 ($1)

The consumer price index (CPI) in 1932 was 13.7. 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 3.42% per year. Prices in 2018 are 1709.0% higher than prices in 1932.

In other words, $1 in the year 1932 is equivalent in purchasing power to $18.09 in 2018, a difference of $17.09 over 86 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1932 to 2018
Cumulative price change 1709.00%
Average inflation rate 3.42%
Price difference ($1 base) $17.09
CPI in 1932 13.7
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Admission to sporting events · Milk · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1932

Start with the inflation rate formula:

CPI in 2018 / CPI in 1932 * 1932 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1932 and 247.867 in 2018:

247.867 / 13.7 * $1 = $18.09

$1 in 1932 has the same "purchasing power" as $18.09 in 2018.


News headlines from 1932

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

  • Opening of the Sydney Harbour Bridge.
  • The first female transatlantic solo flight is completed by Amelia Earhart.
  • The British Broadcasting Corporation begins overseas transmission.

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 1932 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018, http://www.in2013dollars.com/inflation-rate-in-1932.


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