According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,554.80% higher in 2025 versus 1921 (a $26,975,825.34 difference in value).
Between 1921 and 2025: Chicago experienced an average inflation rate of 2.74% per year. This rate of change indicates significant inflation. In other words, $1,735,000 in Chicago in the year 1921 would cost $28,710,825.34 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.82% during this same period, inflation in Chicago was lower.
In the year 1921: Pricing changed by -8.44%, which is significantly below the average yearly change in Chicago during the 1921-2025 time period. Compared to inflation for all items in 1921 (-10.90%), inflation in Chicago was higher.
Below are calculations of equivalent buying power in Chicago, over time, for $1,735,000 beginning in 1921. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1921 | $1,735,000.00 | -8.44% |
| 1922 | $1,638,743.70 | -5.55% |
| 1923 | $1,658,631.36 | 1.21% |
| 1924 | $1,691,247.13 | 1.97% |
| 1925 | $1,728,635.95 | 2.21% |
| 1926 | $1,758,865.20 | 1.75% |
| 1927 | $1,742,955.07 | -0.90% |
| 1928 | $1,688,860.61 | -3.10% |
| 1929 | $1,684,883.08 | -0.24% |
| 1930 | $1,666,586.43 | -1.09% |
| 1931 | $1,523,395.23 | -8.59% |
| 1932 | $1,344,406.24 | -11.75% |
| 1933 | $1,205,988.08 | -10.30% |
| 1934 | $1,213,943.15 | 0.66% |
| 1935 | $1,266,446.58 | 4.33% |
| 1936 | $1,291,902.80 | 2.01% |
| 1937 | $1,345,201.74 | 4.13% |
| 1938 | $1,335,655.66 | -0.71% |
| 1939 | $1,309,403.94 | -1.97% |
| 1940 | $1,316,563.50 | 0.55% |
| 1941 | $1,385,772.58 | 5.26% |
| 1942 | $1,523,395.23 | 9.93% |
| 1943 | $1,608,514.44 | 5.59% |
| 1944 | $1,633,175.15 | 1.53% |
| 1945 | $1,668,177.44 | 2.14% |
| 1946 | $1,816,937.18 | 8.92% |
| 1947 | $2,110,479.14 | 16.16% |
| 1948 | $2,294,241.17 | 8.71% |
| 1949 | $2,291,854.65 | -0.10% |
| 1950 | $2,314,924.35 | 1.01% |
| 1951 | $2,497,095.37 | 7.87% |
| 1952 | $2,551,189.82 | 2.17% |
| 1953 | $2,573,464.01 | 0.87% |
| 1954 | $2,611,648.33 | 1.48% |
| 1955 | $2,629,149.47 | 0.67% |
| 1956 | $2,665,742.78 | 1.39% |
| 1957 | $2,752,453.00 | 3.25% |
| 1958 | $2,835,981.20 | 3.03% |
| 1959 | $2,859,050.89 | 0.81% |
| 1960 | $2,898,826.23 | 1.39% |
| 1961 | $2,913,145.35 | 0.49% |
| 1962 | $2,943,374.60 | 1.04% |
| 1963 | $2,972,808.34 | 1.00% |
| 1964 | $2,984,740.94 | 0.40% |
| 1965 | $3,024,516.28 | 1.33% |
| 1966 | $3,115,204.03 | 3.00% |
| 1967 | $3,196,345.71 | 2.60% |
| 1968 | $3,331,581.84 | 4.23% |
| 1969 | $3,513,752.87 | 5.47% |
| 1970 | $3,715,016.05 | 5.73% |
| 1971 | $3,861,389.27 | 3.94% |
| 1972 | $3,971,169.19 | 2.84% |
| 1973 | $4,220,162.77 | 6.27% |
| 1974 | $4,666,442.00 | 10.57% |
| 1975 | $5,034,761.58 | 7.89% |
| 1976 | $5,275,800.09 | 4.79% |
| 1977 | $5,607,526.36 | 6.29% |
| 1978 | $6,095,171.94 | 8.70% |
| 1979 | $6,855,676.30 | 12.48% |
| 1980 | $7,844,491.06 | 14.42% |
| 1981 | $8,595,449.34 | 9.57% |
| 1982 | $9,181,737.73 | 6.82% |
| 1983 | $9,547,670.79 | 3.99% |
| 1984 | $9,908,035.30 | 3.77% |
| 1985 | $10,281,923.43 | 3.77% |
| 1986 | $10,496,710.22 | 2.09% |
| 1987 | $10,929,465.84 | 4.12% |
| 1988 | $11,356,652.91 | 3.91% |
| 1989 | $11,931,008.71 | 5.06% |
| 1990 | $12,572,187.07 | 5.37% |
| 1991 | $13,082,106.83 | 4.06% |
| 1992 | $13,465,541.04 | 2.93% |
| 1993 | $13,880,795.51 | 3.08% |
| 1994 | $14,184,679.05 | 2.19% |
| 1995 | $14,635,731.32 | 3.18% |
| 1996 | $15,027,120.59 | 2.67% |
| 1997 | $15,438,397.52 | 2.74% |
| 1998 | $15,749,440.62 | 2.01% |
| 1999 | $16,075,598.35 | 2.07% |
| 2000 | $16,591,882.16 | 3.21% |
| 2001 | $17,023,842.27 | 2.60% |
| 2002 | $17,295,110.04 | 1.59% |
| 2003 | $17,613,312.70 | 1.84% |
| 2004 | $18,007,088.49 | 2.24% |
| 2005 | $18,552,010.55 | 3.03% |
| 2006 | $18,932,262.72 | 2.05% |
| 2007 | $19,552,049.91 | 3.27% |
| 2008 | $20,288,816.35 | 3.77% |
| 2009 | $20,046,298.19 | -1.20% |
| 2010 | $20,320,779.80 | 1.37% |
| 2011 | $20,875,765.02 | 2.73% |
| 2012 | $21,192,750.55 | 1.52% |
| 2013 | $21,435,260.75 | 1.14% |
| 2014 | $21,809,713.69 | 1.75% |
| 2015 | $21,745,237.87 | -0.30% |
| 2016 | $21,889,327.99 | 0.66% |
| 2017 | $22,300,724.25 | 1.88% |
| 2018 | $22,691,628.27 | 1.75% |
| 2019 | $23,023,298.85 | 1.46% |
| 2020 | $23,280,287.28 | 1.12% |
| 2021 | $24,262,228.86 | 4.22% |
| 2022 | $26,094,789.80 | 7.55% |
| 2023 | $26,962,854.61 | 3.33% |
| 2024 | $27,896,031.64 | 3.46% |
| 2025 | $28,710,825.34 | 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 |