According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.90% per year. Prices in 2015 are 2569.6% higher than prices in 1900.
In other words, $30,000 in 1900 is equivalent in purchasing power to $800,886.43 in 2015, a difference of $770,886.43 over 115 years.
The inflation rate in 2015 was 0.12%.
|Cumulative price change||2569.62%|
|Average inflation rate||2.90%|
|Converted amount ($30,000 base)||$800,886.43|
|Price difference ($30,000 base)||$770,886.43|
|CPI in 2015||237.017|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: “$30,000 in 1900 → 2015 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1900-dollars-in-2015?amount=30000.