According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,415.17% higher in 2025 versus 1920 (a $33,963,974,811.08 difference in value).
Between 1920 and 2025: Chicago experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, $2,400,000,000 in Chicago in the year 1920 would cost $36,363,974,811.08 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation in Chicago was lower.
In the year 1920: Pricing changed by 19.10%, which is significantly above the average yearly change in Chicago during the 1920-2025 time period. Compared to inflation for all items in 1920 (15.62%), inflation in Chicago was much higher.
Below are calculations of equivalent buying power in Chicago, over time, for $2,400,000,000 beginning in 1920. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1920 | $2,400,000,000.00 | 19.10% |
| 1921 | $2,197,481,108.31 | -8.44% |
| 1922 | $2,075,566,750.63 | -5.55% |
| 1923 | $2,100,755,667.51 | 1.21% |
| 1924 | $2,142,065,491.18 | 1.97% |
| 1925 | $2,189,420,654.91 | 2.21% |
| 1926 | $2,227,707,808.56 | 1.75% |
| 1927 | $2,207,556,675.06 | -0.90% |
| 1928 | $2,139,042,821.16 | -3.10% |
| 1929 | $2,134,005,037.78 | -0.24% |
| 1930 | $2,110,831,234.26 | -1.09% |
| 1931 | $1,929,471,032.75 | -8.59% |
| 1932 | $1,702,770,780.86 | -11.75% |
| 1933 | $1,527,455,919.40 | -10.30% |
| 1934 | $1,537,531,486.15 | 0.66% |
| 1935 | $1,604,030,226.70 | 4.33% |
| 1936 | $1,636,272,040.30 | 2.01% |
| 1937 | $1,703,778,337.53 | 4.13% |
| 1938 | $1,691,687,657.43 | -0.71% |
| 1939 | $1,658,438,287.15 | -1.97% |
| 1940 | $1,667,506,297.23 | 0.55% |
| 1941 | $1,755,163,727.96 | 5.26% |
| 1942 | $1,929,471,032.75 | 9.93% |
| 1943 | $2,037,279,596.98 | 5.59% |
| 1944 | $2,068,513,853.90 | 1.53% |
| 1945 | $2,112,846,347.61 | 2.14% |
| 1946 | $2,301,259,445.84 | 8.92% |
| 1947 | $2,673,047,858.94 | 16.16% |
| 1948 | $2,905,793,450.88 | 8.71% |
| 1949 | $2,902,770,780.86 | -0.10% |
| 1950 | $2,931,989,924.43 | 1.01% |
| 1951 | $3,162,720,403.02 | 7.87% |
| 1952 | $3,231,234,256.93 | 2.17% |
| 1953 | $3,259,445,843.83 | 0.87% |
| 1954 | $3,307,808,564.23 | 1.48% |
| 1955 | $3,329,974,811.08 | 0.67% |
| 1956 | $3,376,322,418.14 | 1.39% |
| 1957 | $3,486,146,095.72 | 3.25% |
| 1958 | $3,591,939,546.60 | 3.03% |
| 1959 | $3,621,158,690.18 | 0.81% |
| 1960 | $3,671,536,523.93 | 1.39% |
| 1961 | $3,689,672,544.08 | 0.49% |
| 1962 | $3,727,959,697.73 | 1.04% |
| 1963 | $3,765,239,294.71 | 1.00% |
| 1964 | $3,780,352,644.84 | 0.40% |
| 1965 | $3,830,730,478.59 | 1.33% |
| 1966 | $3,945,591,939.55 | 3.00% |
| 1967 | $4,048,362,720.40 | 2.60% |
| 1968 | $4,219,647,355.16 | 4.23% |
| 1969 | $4,450,377,833.75 | 5.47% |
| 1970 | $4,705,289,672.54 | 5.73% |
| 1971 | $4,890,680,100.76 | 3.94% |
| 1972 | $5,029,722,921.91 | 2.84% |
| 1973 | $5,345,088,161.21 | 6.27% |
| 1974 | $5,910,327,455.92 | 10.57% |
| 1975 | $6,376,826,196.47 | 7.89% |
| 1976 | $6,682,115,869.02 | 4.79% |
| 1977 | $7,102,267,002.52 | 6.29% |
| 1978 | $7,719,899,244.33 | 8.70% |
| 1979 | $8,683,123,425.69 | 12.48% |
| 1980 | $9,935,516,372.80 | 14.42% |
| 1981 | $10,886,649,874.06 | 9.57% |
| 1982 | $11,629,219,143.58 | 6.82% |
| 1983 | $12,092,695,214.11 | 3.99% |
| 1984 | $12,549,118,387.91 | 3.77% |
| 1985 | $13,022,670,025.19 | 3.77% |
| 1986 | $13,294,710,327.46 | 2.09% |
| 1987 | $13,842,821,158.69 | 4.12% |
| 1988 | $14,383,879,093.20 | 3.91% |
| 1989 | $15,111,335,012.59 | 5.06% |
| 1990 | $15,923,425,692.70 | 5.37% |
| 1991 | $16,569,269,521.41 | 4.06% |
| 1992 | $17,054,911,838.79 | 2.93% |
| 1993 | $17,580,856,423.17 | 3.08% |
| 1994 | $17,965,743,073.05 | 2.19% |
| 1995 | $18,537,027,707.81 | 3.18% |
| 1996 | $19,032,745,591.94 | 2.67% |
| 1997 | $19,553,652,392.95 | 2.74% |
| 1998 | $19,947,607,052.90 | 2.01% |
| 1999 | $20,360,705,289.67 | 2.07% |
| 2000 | $21,014,609,571.79 | 3.21% |
| 2001 | $21,561,712,846.35 | 2.60% |
| 2002 | $21,905,289,672.54 | 1.59% |
| 2003 | $22,308,312,342.57 | 1.84% |
| 2004 | $22,807,052,896.73 | 2.24% |
| 2005 | $23,497,229,219.14 | 3.03% |
| 2006 | $23,978,841,309.82 | 2.05% |
| 2007 | $24,763,838,790.93 | 3.27% |
| 2008 | $25,696,997,481.11 | 3.77% |
| 2009 | $25,389,833,753.15 | -1.20% |
| 2010 | $25,737,481,108.31 | 1.37% |
| 2011 | $26,440,403,022.67 | 2.73% |
| 2012 | $26,841,884,130.98 | 1.52% |
| 2013 | $27,149,037,783.38 | 1.14% |
| 2014 | $27,623,304,785.89 | 1.75% |
| 2015 | $27,541,642,317.38 | -0.30% |
| 2016 | $27,724,141,057.93 | 0.66% |
| 2017 | $28,245,198,992.44 | 1.88% |
| 2018 | $28,740,302,267.00 | 1.75% |
| 2019 | $29,160,382,871.54 | 1.46% |
| 2020 | $29,485,874,055.42 | 1.12% |
| 2021 | $30,729,561,712.85 | 4.22% |
| 2022 | $33,050,609,571.79 | 7.55% |
| 2023 | $34,150,065,491.18 | 3.33% |
| 2024 | $35,331,989,924.43 | 3.46% |
| 2025 | $36,363,974,811.08 | 2.92%* |
* 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 | 2025 |
| 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 | 292.225 | 300.760 |