# \$1 in 2020 is worth \$0.08 in 1920

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👉 You may be interested in \$1 in 1920 → 2024

## Value of \$1 from 2020 to 1920

\$1 in 2020 is equivalent in purchasing power to about \$0.08 in 1920, an increase of \$-0.92 over 100 years. The dollar had an average inflation rate of 2.59% per year between 1920 and 2020, producing a cumulative price increase of -92.27%.

This means that prices in 1920 are 92.27% lower than average prices since 2020, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1920 was 15.61%. The inflation rate in 2020 was 1.23%. The 2020 inflation rate is lower compared to the average inflation rate of 4.81% per year between 2020 and 2024.

 Cumulative price change -92.27% Average inflation rate 2.59% Converted amount\$1 base \$0.08 Price difference\$1 base \$-0.92 CPI in 2020 258.812 CPI in 1920 20.000 Inflation in 1920 15.61% Inflation in 2020 1.23% \$1 in 2020 \$0.08 in 1920

USD inflation since 1920
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1 in 1920

This chart shows a calculation of buying power equivalence for \$1 in 1920 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.08 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 1920 dollars, the chart below shows how \$1 is worth less over 100 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: 1920-2020
YearDollar ValueInflation Rate
1920\$1.0015.61%
1921\$0.89-10.50%
1922\$0.84-6.15%
1923\$0.861.79%
1924\$0.860.00%
1925\$0.882.34%
1926\$0.891.14%
1927\$0.87-1.69%
1928\$0.86-1.72%
1929\$0.860.00%
1930\$0.84-2.34%
1931\$0.76-8.98%
1932\$0.68-9.87%
1933\$0.65-5.11%
1934\$0.673.08%
1935\$0.682.24%
1936\$0.701.46%
1937\$0.723.60%
1938\$0.71-2.08%
1939\$0.70-1.42%
1940\$0.700.72%
1941\$0.745.00%
1942\$0.8210.88%
1943\$0.876.13%
1944\$0.881.73%
1945\$0.902.27%
1946\$0.988.33%
1947\$1.1214.36%
1948\$1.218.07%
1949\$1.19-1.24%
1950\$1.211.26%
1951\$1.307.88%
1952\$1.331.92%
1953\$1.340.75%
1954\$1.350.75%
1955\$1.34-0.37%
1956\$1.361.49%
1957\$1.413.31%
1958\$1.442.85%
1959\$1.460.69%
1960\$1.481.72%
1961\$1.501.01%
1962\$1.511.00%
1963\$1.531.32%
1964\$1.551.31%
1965\$1.581.61%
1966\$1.622.86%
1967\$1.673.09%
1968\$1.744.19%
1969\$1.845.46%
1970\$1.945.72%
1971\$2.034.38%
1972\$2.093.21%
1973\$2.226.22%
1974\$2.4711.04%
1975\$2.699.13%
1976\$2.855.76%
1977\$3.036.50%
1978\$3.267.59%
1979\$3.6311.35%
1980\$4.1213.50%
1981\$4.5510.32%
1982\$4.836.16%
1983\$4.983.21%
1984\$5.204.32%
1985\$5.383.56%
1986\$5.481.86%
1987\$5.683.65%
1988\$5.924.14%
1989\$6.204.82%
1990\$6.535.40%
1991\$6.814.21%
1992\$7.023.01%
1993\$7.232.99%
1994\$7.412.56%
1995\$7.622.83%
1996\$7.852.95%
1997\$8.032.29%
1998\$8.151.56%
1999\$8.332.21%
2000\$8.613.36%
2001\$8.862.85%
2002\$9.001.58%
2003\$9.202.28%
2004\$9.452.66%
2005\$9.773.39%
2006\$10.083.23%
2007\$10.372.85%
2008\$10.773.84%
2009\$10.73-0.36%
2010\$10.901.64%
2011\$11.253.16%
2012\$11.482.07%
2013\$11.651.46%
2014\$11.841.62%
2015\$11.850.12%
2016\$12.001.26%
2017\$12.262.13%
2018\$12.562.49%
2019\$12.781.76%
2020\$12.941.23%
2021\$13.554.70%
2022\$14.638.00%
2023\$15.244.12%
2024\$15.622.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 94 more rows

This conversion table shows various other 1920 amounts in 2020 dollars, based on the -92.27% change in prices:

Conversion: 1920 dollars in 2020
Initial valueEquivalent value
\$1 dollar in 1920\$12.94 dollars in 2020
\$5 dollars in 1920\$64.70 dollars in 2020
\$10 dollars in 1920\$129.41 dollars in 2020
\$50 dollars in 1920\$647.03 dollars in 2020
\$100 dollars in 1920\$1,294.06 dollars in 2020
\$500 dollars in 1920\$6,470.29 dollars in 2020
\$1,000 dollars in 1920\$12,940.58 dollars in 2020
\$5,000 dollars in 1920\$64,702.92 dollars in 2020
\$10,000 dollars in 1920\$129,405.83 dollars in 2020
\$50,000 dollars in 1920\$647,029.17 dollars in 2020
\$100,000 dollars in 1920\$1,294,058.33 dollars in 2020
\$500,000 dollars in 1920\$6,470,291.67 dollars in 2020
\$1,000,000 dollars in 1920\$12,940,583.33 dollars in 2020

## Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2020 to 1920 (figures shown are purchasing power equivalents of \$1):

San Francisco, California experienced the highest rate of inflation during the 100 years between 1920 and 2020 (2.92%).

Detroit, Michigan experienced the lowest rate of inflation during the 100 years between 1920 and 2020 (2.43%).

Note that some locations showing 0% inflation may have not yet reported latest data.

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 2020 would be equivalent to £0.02 in 1920, an absolute change of £-0.98 and a cumulative change of -97.80%.

In Canada, CA\$1.00 in 2020 would be equivalent to CA\$0.08 in 1920, an absolute change of CA\$-0.92 and a cumulative change of -91.71%.

Compare these numbers to the US's overall absolute change of \$-0.92 and total percent change of -92.27%.

## 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 2020 and 1920.

Compare these values to the overall average of 2.59% per year:

CategoryAvg Inflation (%)Total Inflation (%)\$1 in 1920 → 2020
Food and beverages3.914,515.2546.15
Housing4.195,990.6760.91
Apparel1.02175.882.76
Transportation3.172,163.9022.64
Medical care4.7310,076.62101.77
Recreation1.11201.843.02
Education and communication1.85526.926.27
Other goods and services4.9912,894.02129.94

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 2020. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$1, 1920 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 2020:

CPI in 1920 CPI in 2020
×
2020 USD value
=
1920 USD value

Then plug in historical CPI values. The U.S. CPI was 258.81166666667 in the year 2020 and 20 in 1920:

20258.81166666667
×
\$1
=
\$0.08

\$1 in 2020 has the same "purchasing power" or "buying power" as \$0.08 in 1920.

To get the total inflation rate for the 100 years between 1920 and 2020, we use the following formula:

CPI in 1920 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (100 years)

Plugging in the values to this equation, we get:

20 - 258.81166666667258.81166666667
×
100
=
-92%

## Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 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. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “\$1 in 2020 → 1920 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Apr. 2024, https://www.officialdata.org/us/inflation/2020?endYear=1920&amount=1.

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.