Chicago, Illinois prices: $3,600 in 1918 $71,302.97 in 2022

Inflation in Illinois

$

Prices in Chicago, 1918-2022 ($3,600)

According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,880.64% higher in 2022 versus 1918 (a $67,702.97 difference in value).

Between 1918 and 2022: Chicago experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, $3,600 in Chicago in the year 1918 would cost $71,302.97 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation in Chicago was higher.

In the year 1918: Pricing changed by 16.80%, which is significantly above the average yearly change in Chicago during the 1918-2022 time period. Compared to inflation for all items in 1918 (17.34%), inflation in Chicago was lower.

Price Inflation in Chicago, Illinois since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.36%), 1920 (19.10%), and 1918 (16.80%).

View price changes for other categories
Frankfurters · Admission to sporting events · Seattle, Washington · Rent of primary residence · More

Buying power of $3,600.00 since 1918

Below are calculations of equivalent buying power in Chicago, over time, for $3,600 beginning in 1918. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1918$3,600.0016.80%
1919$4,368.9321.36%
1920$5,203.4019.10%
1921$4,764.32-8.44%
1922$4,500.00-5.55%
1923$4,554.611.21%
1924$4,644.171.97%
1925$4,746.842.21%
1926$4,829.851.75%
1927$4,786.17-0.90%
1928$4,637.62-3.10%
1929$4,626.70-0.24%
1930$4,576.46-1.09%
1931$4,183.25-8.59%
1932$3,691.75-11.75%
1933$3,311.65-10.30%
1934$3,333.500.66%
1935$3,477.674.33%
1936$3,547.572.01%
1937$3,693.934.13%
1938$3,667.72-0.71%
1939$3,595.63-1.97%
1940$3,615.290.55%
1941$3,805.345.26%
1942$4,183.259.93%
1943$4,416.995.59%
1944$4,484.711.53%
1945$4,580.832.14%
1946$4,989.328.92%
1947$5,795.3916.16%
1948$6,300.008.71%
1949$6,293.45-0.10%
1950$6,356.801.01%
1951$6,857.047.87%
1952$7,005.582.17%
1953$7,066.750.87%
1954$7,171.601.48%
1955$7,219.660.67%
1956$7,320.151.39%
1957$7,558.253.25%
1958$7,787.623.03%
1959$7,850.970.81%
1960$7,960.191.39%
1961$7,999.510.49%
1962$8,082.521.04%
1963$8,163.351.00%
1964$8,196.120.40%
1965$8,305.341.33%
1966$8,554.373.00%
1967$8,777.182.60%
1968$9,148.544.23%
1969$9,648.795.47%
1970$10,201.465.73%
1971$10,603.403.94%
1972$10,904.852.84%
1973$11,588.596.27%
1974$12,814.0810.57%
1975$13,825.497.89%
1976$14,487.384.79%
1977$15,398.306.29%
1978$16,737.388.70%
1979$18,825.7312.48%
1980$21,541.0214.42%
1981$23,603.169.57%
1982$25,213.116.82%
1983$26,217.963.99%
1984$27,207.523.77%
1985$28,234.223.77%
1986$28,824.032.09%
1987$30,012.384.12%
1988$31,185.443.91%
1989$32,762.625.06%
1990$34,523.305.37%
1991$35,923.544.06%
1992$36,976.462.93%
1993$38,116.753.08%
1994$38,951.212.19%
1995$40,189.813.18%
1996$41,264.562.67%
1997$42,393.932.74%
1998$43,248.062.01%
1999$44,143.692.07%
2000$45,561.413.21%
2001$46,747.572.60%
2002$47,492.481.59%
2003$48,366.261.84%
2004$49,447.572.24%
2005$50,943.933.03%
2006$51,988.112.05%
2007$53,690.053.27%
2008$55,713.213.77%
2009$55,047.25-1.20%
2010$55,800.981.37%
2011$57,324.982.73%
2012$58,195.421.52%
2013$58,861.351.14%
2014$59,889.601.75%
2015$59,712.55-0.30%
2016$60,108.230.66%
2017$61,237.921.88%
2018$62,311.351.75%
2019$63,222.121.46%
2020$63,927.811.12%
2021$66,624.234.22%
2022$71,302.977.02%*

* 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:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.00010.01710.31711.75813.73316.66719.85018.17517.16717.37517.71718.10818.42518.25817.69217.65017.45815.95814.08312.63312.71713.26713.53314.09213.99213.71713.79214.51715.95816.85017.10817.47519.03322.10824.03324.00824.25026.15826.72526.95827.35827.54227.92528.83329.70829.95030.36730.51730.83331.14231.26731.68332.63333.48334.90036.80838.91740.45041.60044.20848.88352.74255.26758.74263.85071.81782.17590.04296.183100.017103.792107.708109.958114.492118.967124.983131.700137.042141.058145.408148.592153.317157.417161.725164.983168.400173.808178.333181.175184.508188.633194.342198.325204.818212.536209.995212.870218.684222.005224.545228.468227.792229.302233.611237.706241.181243.873254.159272.008

Adjust Chicago prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1918 * 1918 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Chicago, Illinois was 13.733 in the year 1918 and 272.008 in 2022:

272.008 / 13.733 * $3,600 = $71,302.97

Therefore, according to U.S. Bureau of Labor Statistics, $3,600 in 1918 has the same "purchasing power" as $71,302.97 in 2022 (in the CPI category of Chicago, Illinois).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Chicago, Illinois in 1914. In addition to Chicago, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.