According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.13% per year. Prices in 2017 are 2372.6% higher than prices in 1913.
In other words, $18.75 in the year 1913 is equivalent in purchasing power to $463.61 in 2017, a difference of $444.86 over 104 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||2372.59%|
|Average inflation rate||3.13%|
|Price difference ($18.75 base)||$444.86|
|CPI in 1913||9.9|
|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: “$18.75 in 1913 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2018, https://www.officialdata.org/1913-dollars-in-2017?amount=18.75.