# \$40,000 in 1915 → \$988,332.67 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1915-2018 (\$40,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.16% per year. Prices in 2018 are 2370.8% higher than prices in 1915.

In other words, \$40,000 in the year 1915 is equivalent in purchasing power to \$988,332.67 in 2018, a difference of \$948,332.67 over 103 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$40,000 today would be equivalent to \$40,779.13 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 2370.83% Average inflation rate 3.16% Price difference (\$40,000 base) \$948,332.67 CPI in 1915 10.1 CPI in 2018 249.554

#### Inflation rates for specific categories

Educational books and supplies · Dental services · Airline fares · More

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

### How to calculate the inflation rate for \$40,000 since 1915

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1915 * 1915 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 10.1 in the year 1915 and 249.554 in 2018:

249.554 / 10.1 * \$40,000 = \$988,332.67

\$40,000 in 1915 has the same "purchasing power" as \$988,332.67 in 2018.