According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,428.24% higher in 2026 versus 1920 (a $95,692,370.28 difference in value).
Between 1920 and 2026:Chicago experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, $6,700,000 in Chicago in the year 1920 would cost $102,392,370.28 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.67% 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 1920-2026 time period. Compared to inflation for all items in 1920 (15.63%), inflation in Chicago was much higher.
Below are calculations of equivalent buying power in Chicago, over time, for $6,700,000 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 | $6,700,000.00 | 19.10% |
| 1921 | $6,134,634.76 | -8.44% |
| 1922 | $5,794,290.51 | -5.55% |
| 1923 | $5,864,609.57 | 1.21% |
| 1924 | $5,979,932.83 | 1.97% |
| 1925 | $6,112,132.66 | 2.21% |
| 1926 | $6,219,017.63 | 1.75% |
| 1927 | $6,162,762.38 | -0.90% |
| 1928 | $5,971,494.54 | -3.10% |
| 1929 | $5,957,430.73 | -0.24% |
| 1930 | $5,892,737.20 | -1.09% |
| 1931 | $5,386,439.97 | -8.59% |
| 1932 | $4,753,568.43 | -11.75% |
| 1933 | $4,264,147.77 | -10.30% |
| 1934 | $4,292,275.40 | 0.66% |
| 1935 | $4,477,917.72 | 4.33% |
| 1936 | $4,567,926.11 | 2.01% |
| 1937 | $4,756,381.19 | 4.13% |
| 1938 | $4,722,628.04 | -0.71% |
| 1939 | $4,629,806.88 | -1.97% |
| 1940 | $4,655,121.75 | 0.55% |
| 1941 | $4,899,832.07 | 5.26% |
| 1942 | $5,386,439.97 | 9.93% |
| 1943 | $5,687,405.54 | 5.59% |
| 1944 | $5,774,601.18 | 1.53% |
| 1945 | $5,898,362.72 | 2.14% |
| 1946 | $6,424,349.29 | 8.92% |
| 1947 | $7,462,258.61 | 16.16% |
| 1948 | $8,112,006.72 | 8.71% |
| 1949 | $8,103,568.43 | -0.10% |
| 1950 | $8,185,138.54 | 1.01% |
| 1951 | $8,829,261.13 | 7.87% |
| 1952 | $9,020,528.97 | 2.17% |
| 1953 | $9,099,286.31 | 0.87% |
| 1954 | $9,234,298.91 | 1.48% |
| 1955 | $9,296,179.68 | 0.67% |
| 1956 | $9,425,566.75 | 1.39% |
| 1957 | $9,732,157.85 | 3.25% |
| 1958 | $10,027,497.90 | 3.03% |
| 1959 | $10,109,068.01 | 0.81% |
| 1960 | $10,249,706.13 | 1.39% |
| 1961 | $10,300,335.85 | 0.49% |
| 1962 | $10,407,220.82 | 1.04% |
| 1963 | $10,511,293.03 | 1.00% |
| 1964 | $10,553,484.47 | 0.40% |
| 1965 | $10,694,122.59 | 1.33% |
| 1966 | $11,014,777.50 | 3.00% |
| 1967 | $11,301,679.26 | 2.60% |
| 1968 | $11,779,848.87 | 4.23% |
| 1969 | $12,423,971.45 | 5.47% |
| 1970 | $13,135,600.34 | 5.73% |
| 1971 | $13,653,148.61 | 3.94% |
| 1972 | $14,041,309.82 | 2.84% |
| 1973 | $14,921,704.45 | 6.27% |
| 1974 | $16,499,664.15 | 10.57% |
| 1975 | $17,801,973.13 | 7.89% |
| 1976 | $18,654,240.13 | 4.79% |
| 1977 | $19,827,162.05 | 6.29% |
| 1978 | $21,551,385.39 | 8.70% |
| 1979 | $24,240,386.23 | 12.48% |
| 1980 | $27,736,649.87 | 14.42% |
| 1981 | $30,391,897.57 | 9.57% |
| 1982 | $32,464,903.44 | 6.82% |
| 1983 | $33,758,774.14 | 3.99% |
| 1984 | $35,032,955.50 | 3.77% |
| 1985 | $36,354,953.82 | 3.77% |
| 1986 | $37,114,399.66 | 2.09% |
| 1987 | $38,644,542.40 | 4.12% |
| 1988 | $40,154,995.80 | 3.91% |
| 1989 | $42,185,810.24 | 5.06% |
| 1990 | $44,452,896.73 | 5.37% |
| 1991 | $46,255,877.41 | 4.06% |
| 1992 | $47,611,628.88 | 2.93% |
| 1993 | $49,079,890.85 | 3.08% |
| 1994 | $50,154,366.08 | 2.19% |
| 1995 | $51,749,202.35 | 3.18% |
| 1996 | $53,133,081.44 | 2.67% |
| 1997 | $54,587,279.60 | 2.74% |
| 1998 | $55,687,069.69 | 2.01% |
| 1999 | $56,840,302.27 | 2.07% |
| 2000 | $58,665,785.05 | 3.21% |
| 2001 | $60,193,115.03 | 2.60% |
| 2002 | $61,152,267.00 | 1.59% |
| 2003 | $62,277,371.96 | 1.84% |
| 2004 | $63,669,689.34 | 2.24% |
| 2005 | $65,596,431.57 | 3.03% |
| 2006 | $66,940,931.99 | 2.05% |
| 2007 | $69,132,383.29 | 3.27% |
| 2008 | $71,737,451.30 | 3.77% |
| 2009 | $70,879,952.56 | -1.20% |
| 2010 | $71,850,468.09 | 1.37% |
| 2011 | $73,812,791.77 | 2.73% |
| 2012 | $74,933,593.20 | 1.52% |
| 2013 | $75,791,063.81 | 1.14% |
| 2014 | $77,115,059.19 | 1.75% |
| 2015 | $76,887,084.80 | -0.30% |
| 2016 | $77,396,560.45 | 0.66% |
| 2017 | $78,851,180.52 | 1.88% |
| 2018 | $80,233,343.83 | 1.75% |
| 2019 | $81,406,068.85 | 1.46% |
| 2020 | $82,314,731.74 | 1.12% |
| 2021 | $85,786,693.12 | 4.22% |
| 2022 | $92,266,285.05 | 7.55% |
| 2023 | $95,335,599.50 | 3.33% |
| 2024 | $98,635,138.54 | 3.46% |
| 2025 | $101,766,446.26 | 3.17% |
| 2026 | $102,392,370.28 | 0.62%* |
* 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 | 2026 |
| 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 | 301.502 | 303.356 |