$1 in 1905 is worth $0.98 in 1902

Value of $1 from 1905 to 1902

$1 in 1905 is equivalent in purchasing power to about $0.98 in 1902, an increase of $-0.02 over 3 years. The dollar had an average inflation rate of 0.77% per year between 1902 and 1905, producing a cumulative price increase of -2.27%.

This means that prices in 1902 are 2.27% lower than average prices since 1905, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1902 was 1.18%. The inflation rate in 1905 was -1.12%. The 1905 inflation rate is lower compared to the average inflation rate of 3.05% per year between 1905 and 2022.


Inflation from 1905 to 1902
Cumulative price change-2.27%
Average inflation rate0.77%
Converted amount ($1 base)$0.98
Price difference ($1 base)$-0.02
CPI in 19058.800
CPI in 19028.600
Inflation in 19021.18%
Inflation in 1905-1.12%
$1 in 1905$0.98 in 1902

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI
Download

Buying power of $1 in 1902

This chart shows a calculation of buying power equivalence for $1 in 1902 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $0.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $0.98 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1902 dollars, the chart below shows how $1 is worth less over 3 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1902-1905
YearDollar ValueInflation Rate
1902$1.001.18%
1903$1.022.33%
1904$1.031.14%
1905$1.02-1.12%
1906$1.052.27%
1907$1.094.44%
1908$1.07-2.13%
1909$1.06-1.09%
1910$1.104.40%
1911$1.100.00%
1912$1.132.11%
1913$1.152.06%
1914$1.161.01%
1915$1.171.00%
1916$1.277.92%
1917$1.4917.43%
1918$1.7617.97%
1919$2.0114.57%
1920$2.3315.61%
1921$2.08-10.50%
1922$1.95-6.15%
1923$1.991.79%
1924$1.990.00%
1925$2.032.34%
1926$2.061.14%
1927$2.02-1.69%
1928$1.99-1.72%
1929$1.990.00%
1930$1.94-2.34%
1931$1.77-8.98%
1932$1.59-9.87%
1933$1.51-5.11%
1934$1.563.08%
1935$1.592.24%
1936$1.621.46%
1937$1.673.60%
1938$1.64-2.08%
1939$1.62-1.42%
1940$1.630.72%
1941$1.715.00%
1942$1.9010.88%
1943$2.016.13%
1944$2.051.73%
1945$2.092.27%
1946$2.278.33%
1947$2.5914.36%
1948$2.808.07%
1949$2.77-1.24%
1950$2.801.26%
1951$3.027.88%
1952$3.081.92%
1953$3.100.75%
1954$3.130.75%
1955$3.12-0.37%
1956$3.161.49%
1957$3.273.31%
1958$3.362.85%
1959$3.380.69%
1960$3.441.72%
1961$3.481.01%
1962$3.511.00%
1963$3.561.32%
1964$3.601.31%
1965$3.661.61%
1966$3.772.86%
1967$3.883.09%
1968$4.054.19%
1969$4.275.46%
1970$4.515.72%
1971$4.714.38%
1972$4.863.21%
1973$5.166.22%
1974$5.7311.04%
1975$6.269.13%
1976$6.625.76%
1977$7.056.50%
1978$7.587.59%
1979$8.4411.35%
1980$9.5813.50%
1981$10.5710.32%
1982$11.226.16%
1983$11.583.21%
1984$12.084.32%
1985$12.513.56%
1986$12.741.86%
1987$13.213.65%
1988$13.764.14%
1989$14.424.82%
1990$15.205.40%
1991$15.844.21%
1992$16.313.01%
1993$16.802.99%
1994$17.232.56%
1995$17.722.83%
1996$18.242.95%
1997$18.662.29%
1998$18.951.56%
1999$19.372.21%
2000$20.023.36%
2001$20.592.85%
2002$20.921.58%
2003$21.402.28%
2004$21.972.66%
2005$22.713.39%
2006$23.443.23%
2007$24.112.85%
2008$25.043.84%
2009$24.95-0.36%
2010$25.361.64%
2011$26.163.16%
2012$26.702.07%
2013$27.091.46%
2014$27.531.62%
2015$27.560.12%
2016$27.911.26%
2017$28.502.13%
2018$29.212.49%
2019$29.731.76%
2020$30.091.23%
2021$31.514.70%
2022$34.449.30%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1902 amounts in 1905 dollars, based on the -2.27% change in prices:

Conversion: 1902 dollars in 1905
Initial valueEquivalent value
$1 dollar in 1902$1.02 dollars in 1905
$5 dollars in 1902$5.12 dollars in 1905
$10 dollars in 1902$10.23 dollars in 1905
$50 dollars in 1902$51.16 dollars in 1905
$100 dollars in 1902$102.33 dollars in 1905
$500 dollars in 1902$511.63 dollars in 1905
$1,000 dollars in 1902$1,023.26 dollars in 1905
$5,000 dollars in 1902$5,116.28 dollars in 1905
$10,000 dollars in 1902$10,232.56 dollars in 1905
$50,000 dollars in 1902$51,162.79 dollars in 1905
$100,000 dollars in 1902$102,325.58 dollars in 1905
$500,000 dollars in 1902$511,627.91 dollars in 1905
$1,000,000 dollars in 1902$1,023,255.81 dollars in 1905

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1905 would be equivalent to £0.99 in 1902, an absolute change of £-0.01 and a cumulative change of -1.08%.

Compare these numbers to the US's overall absolute change of $-0.02 and total percent change of -2.27%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1905 and 1902.

Compare these values to the overall average of 0.77% per year:

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1902 → 1905
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.001.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1905. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $1, 1902 to 1905

Our calculations use the following inflation rate formula to calculate the change in value between 1902 and 1905:

CPI in 1902 CPI in 1905
×
1905 USD value
=
1902 USD value

Then plug in historical CPI values. The U.S. CPI was 8.8 in the year 1905 and 8.6 in 1902:

8.68.8
×
$1
=
$0.98

$1 in 1905 has the same "purchasing power" or "buying power" as $0.98 in 1902.

To get the total inflation rate for the 3 years between 1902 and 1905, we use the following formula:

CPI in 1902 - CPI in 1905CPI in 1905
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.6 - 8.88.8
×
100
=
-2%

Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society.

You may use the following MLA citation for this page: “$1 in 1905 → 1902 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Oct. 2022, https://www.officialdata.org/us/inflation/1905?amount=1&endYear=1902.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1905 to 1902
Cumulative price change-2.27%
Average inflation rate0.77%
Converted amount ($1 base)$0.98
Price difference ($1 base)$-0.02
CPI in 19058.800
CPI in 19028.600
Inflation in 19021.18%
Inflation in 1905-1.12%
$1 in 1905$0.98 in 1902