# \$5,000 in 1915 → \$123,541.58 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1915-2018 (\$5,000)

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, \$5,000 in the year 1915 is equivalent in purchasing power to \$123,541.58 in 2018, a difference of \$118,541.58 over 103 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$5,000 today would be equivalent to \$5,097.39 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 (\$5,000 base) \$118,541.58 CPI in 1915 10.1 CPI in 2018 249.554

#### Inflation rates for specific categories

Rent of primary residence · Baby food · Electricity · More

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

### How to calculate the inflation rate for \$5,000 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 * \$5,000 = \$123,541.58

\$5,000 in 1915 has the same "purchasing power" as \$123,541.58 in 2018.

### News headlines from 1915

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

• French troops force Germans back into the Champagne region, suffering losses of 50,000 men and gaining several hundred yards.
• Germany uses poison gas for the first time in World War I.
• Almost 430,000 French, British, and Germans are killed in the Battle of Loos.
• The one-millionth Model T is produced by Ford Motor Company.

### 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: “\$5,000 in 1915 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2018, https://www.officialdata.org/1915-dollars?amount=5000.