U.S. inflation rate in 1937: 3.60%

Inflation Calculator

$

U.S. Inflation Rate, 1937-2017 ($1)

The consumer price index (CPI) in 1937 was 14.4. 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 3.60% per year. Prices in 2017 are 1600.0% higher than prices in 1937.

In other words, $1 in the year 1937 is equivalent to $17.00 in 2017, a difference of $16.00 over 80 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 1937 to 2017
Cumulative price change 1600.00%
Average inflation rate 3.60%
Price difference ($1 base) $16.00
CPI in 1937 14.4
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Electricity · Public transportation · Dental services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1937

Start with the inflation rate formula:

CPI in 2017 / CPI in 1937 * 1937 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 14.4 in the year 1937 and 244.786 in 2017:

244.786 / 14.4 * $1 = $17.00

$1 in 1937 has the same "purchasing power" as $17.00 in 2017.


News headlines from 1937

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

  • The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
  • 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
  • Adolf Hitler and his military leaders, hold a secret meeting where he reveals his plan to go to war.

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.


» Read more about inflation.