According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.88% per year. Prices in 2016 are 2604.8% higher than prices in 1900.
In other words, $0.21 in 1900 is equivalent in purchasing power to $5.68 in 2016, a difference of $5.47 over 116 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2604.76%|
|Average inflation rate||2.88%|
|Converted amount ($0.21 base)||$5.68|
|Price difference ($0.21 base)||$5.47|
|CPI in 2016||240.007|
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: “$0.21 in 1900 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jun. 2018, https://www.officialdata.org/1900-dollars-in-2016?amount=0.21.