U.S. inflation rate in 1933: -5.11%

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U.S. Inflation Rate, 1933-2018 ($1)

The consumer price index (CPI) in 1933 was 13. 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 3.53% per year. Prices in 2018 are 1815.0% higher than prices in 1933.

In other words, $1 in the year 1933 is equivalent in purchasing power to $19.15 in 2018, a difference of $18.15 over 85 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 1933 to 2018
Cumulative price change 1815.00%
Average inflation rate 3.53%
Price difference ($1 base) $18.15
CPI in 1933 13
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Medical care · Legal services · Bread · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1933

Start with the inflation rate formula:

CPI in 2018 / CPI in 1933 * 1933 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13 in the year 1933 and 248.991 in 2018:

248.991 / 13 * $1 = $19.15

$1 in 1933 has the same "purchasing power" as $19.15 in 2018.


News headlines from 1933

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

  • Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
  • Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
  • Franklin D. Roosevelt is inaugurated President of the United States.
  • The first Nazi concentration camp, Dachau, is completed.
  • The Nazi party is declared the only political party in Germany.

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 1933 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1933.


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