U.S. inflation rate in 1935: 2.24%

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U.S. Inflation Rate, 1935-2018 ($1)

The consumer price index (CPI) in 1935 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 3.56% per year. Prices in 2018 are 1717.0% higher than prices in 1935.

In other words, $1 in the year 1935 is equivalent in purchasing power to $18.17 in 2018, a difference of $17.17 over 83 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 1935 to 2018
Cumulative price change 1717.00%
Average inflation rate 3.56%
Price difference ($1 base) $17.17
CPI in 1935 13.7
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Electricity · Legal services · 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 1935

Start with the inflation rate formula:

CPI in 2018 / CPI in 1935 * 1935 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1935 and 248.991 in 2018:

248.991 / 13.7 * $1 = $18.17

$1 in 1935 has the same "purchasing power" as $18.17 in 2018.


News headlines from 1935

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

  • Hitler violates the Treaty of Versailles by ordering German rearmament.
  • In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
  • Communist forces end their Long March bringing Mao Zedong to prominence.
  • First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

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 1935 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1935.


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