According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.05% per year. Prices in 2017 are 2392.0% higher than prices in 1910.
In other words, $65,000 in the year 1910 is equivalent in purchasing power to $1,619,812.07 in 2017, a difference of $1,554,812.07 over 107 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||2392.02%|
|Average inflation rate||3.05%|
|Price difference ($65,000 base)||$1,554,812.07|
|CPI in 2017||244.786|
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: “$65,000 in 1910 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1910-dollars-in-2017?amount=65000.