According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 2,345.03% higher in 2024 versus 1917 (a $20,167,274.27 difference in value).
Between 1917 and 2024: Chicago experienced an average inflation rate of 3.03% per year. This rate of change indicates significant inflation. In other words, $860,000 in Chicago in the year 1917 would cost $21,027,274.27 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.02% during this same period, inflation in Chicago was higher.
In the year 1917: Pricing changed by 13.97%, which is significantly above the average yearly change in Chicago during the 1917-2024 time period. Compared to inflation for all items in 1917 (17.81%), inflation in Chicago was much lower.
Below are calculations of equivalent buying power in Chicago, over time, for $860,000 beginning in 1917. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1917 | $860,000.00 | 13.97% |
1918 | $1,004,450.74 | 16.80% |
1919 | $1,218,993.62 | 21.36% |
1920 | $1,451,821.40 | 19.10% |
1921 | $1,329,312.54 | -8.44% |
1922 | $1,255,563.43 | -5.55% |
1923 | $1,270,800.85 | 1.21% |
1924 | $1,295,790.22 | 1.97% |
1925 | $1,324,436.57 | 2.21% |
1926 | $1,347,597.45 | 1.75% |
1927 | $1,335,407.51 | -0.90% |
1928 | $1,293,961.73 | -3.10% |
1929 | $1,290,914.25 | -0.24% |
1930 | $1,276,895.82 | -1.09% |
1931 | $1,167,186.39 | -8.59% |
1932 | $1,030,049.61 | -11.75% |
1933 | $923,997.17 | -10.30% |
1934 | $930,092.13 | 0.66% |
1935 | $970,318.92 | 4.33% |
1936 | $989,822.82 | 2.01% |
1937 | $1,030,659.11 | 4.13% |
1938 | $1,023,345.15 | -0.71% |
1939 | $1,003,231.75 | -1.97% |
1940 | $1,008,717.22 | 0.55% |
1941 | $1,061,743.44 | 5.26% |
1942 | $1,167,186.39 | 9.93% |
1943 | $1,232,402.55 | 5.59% |
1944 | $1,251,296.95 | 1.53% |
1945 | $1,278,114.81 | 2.14% |
1946 | $1,392,090.72 | 8.92% |
1947 | $1,616,995.04 | 16.16% |
1948 | $1,757,788.80 | 8.71% |
1949 | $1,755,960.31 | -0.10% |
1950 | $1,773,635.72 | 1.01% |
1951 | $1,913,210.49 | 7.87% |
1952 | $1,954,656.27 | 2.17% |
1953 | $1,971,722.18 | 0.87% |
1954 | $2,000,978.03 | 1.48% |
1955 | $2,014,386.96 | 0.67% |
1956 | $2,042,423.81 | 1.39% |
1957 | $2,108,858.97 | 3.25% |
1958 | $2,172,856.13 | 3.03% |
1959 | $2,190,531.54 | 0.81% |
1960 | $2,221,006.38 | 1.39% |
1961 | $2,231,977.32 | 0.49% |
1962 | $2,255,138.20 | 1.04% |
1963 | $2,277,689.58 | 1.00% |
1964 | $2,286,832.03 | 0.40% |
1965 | $2,317,306.87 | 1.33% |
1966 | $2,386,789.51 | 3.00% |
1967 | $2,448,958.19 | 2.60% |
1968 | $2,552,572.64 | 4.23% |
1969 | $2,692,147.41 | 5.47% |
1970 | $2,846,350.11 | 5.73% |
1971 | $2,958,497.52 | 3.94% |
1972 | $3,042,608.08 | 2.84% |
1973 | $3,233,380.58 | 6.27% |
1974 | $3,575,308.29 | 10.57% |
1975 | $3,857,505.32 | 7.89% |
1976 | $4,042,182.85 | 4.79% |
1977 | $4,296,343.02 | 6.29% |
1978 | $4,669,964.56 | 8.70% |
1979 | $5,252,643.52 | 12.48% |
1980 | $6,010,248.05 | 14.42% |
1981 | $6,585,613.04 | 9.57% |
1982 | $7,034,812.19 | 6.82% |
1983 | $7,315,180.72 | 3.99% |
1984 | $7,591,282.78 | 3.77% |
1985 | $7,877,746.28 | 3.77% |
1986 | $8,042,310.42 | 2.09% |
1987 | $8,373,876.68 | 4.12% |
1988 | $8,701,176.47 | 3.91% |
1989 | $9,141,233.17 | 5.06% |
1990 | $9,632,487.60 | 5.37% |
1991 | $10,023,175.05 | 4.06% |
1992 | $10,316,952.52 | 2.93% |
1993 | $10,635,109.85 | 3.08% |
1994 | $10,867,937.63 | 2.19% |
1995 | $11,213,522.32 | 3.18% |
1996 | $11,513,394.76 | 2.67% |
1997 | $11,828,504.61 | 2.74% |
1998 | $12,066,817.86 | 2.01% |
1999 | $12,316,711.55 | 2.07% |
2000 | $12,712,274.98 | 3.21% |
2001 | $13,043,231.75 | 2.60% |
2002 | $13,251,070.16 | 1.59% |
2003 | $13,494,868.89 | 1.84% |
2004 | $13,796,569.81 | 2.24% |
2005 | $14,214,075.12 | 3.03% |
2006 | $14,505,414.60 | 2.05% |
2007 | $14,980,279.66 | 3.27% |
2008 | $15,544,771.23 | 3.77% |
2009 | $15,358,960.03 | -1.20% |
2010 | $15,569,260.81 | 1.37% |
2011 | $15,994,476.26 | 2.73% |
2012 | $16,237,342.45 | 1.52% |
2013 | $16,423,147.55 | 1.14% |
2014 | $16,710,043.80 | 1.75% |
2015 | $16,660,644.08 | -0.30% |
2016 | $16,771,042.24 | 0.66% |
2017 | $17,086,243.52 | 1.88% |
2018 | $17,385,744.15 | 1.75% |
2019 | $17,639,861.66 | 1.46% |
2020 | $17,836,759.60 | 1.12% |
2021 | $18,589,098.09 | 4.22% |
2022 | $19,993,159.32 | 7.55% |
2023 | $20,658,248.33 | 3.33% |
2024 | $21,027,274.27 | 1.79%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 287.495 |