$5 in 1908 → $124.56 in 2016

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U.S. Inflation Rate, $5 in 1908 to 2016

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.02% per year. Prices in 2016 are 2391.2% higher than prices in 1908.

In other words, $5 in 1908 is equivalent in purchasing power to $124.56 in 2016, a difference of $119.56 over 108 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1908 to 2016
Cumulative price change 2391.20%
Average inflation rate 3.02%
Converted amount ($5 base) $124.56
Price difference ($5 base) $119.56
CPI in 2016 240.007

U.S. inflation chart since 1665

Inflation rates for specific categories

Dental services · Baby food · Admission to sporting events · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

News headlines from 1908

Politics and news often influence economic performance. Here's what was happening at the time:

  • "Scouting for Boys", the book that became an inspiration for the Scout Movement, is published by Lieutenant General Robert Baden-Powell
  • King Carlos I of Portugal and his heir Prince Luis Filipe in Terreiro do Paco are assassinated.
  • A meteor explodes over Siberia with the power of several atomic bombs. This is known as the "Tunguska event".
  • The first Model T car is built.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$5 in 1908 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1908-dollars-in-2016?amount=5.

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