$3,000 in 1916 → $66,056.97 in 2016

Inflation Calculator

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U.S. Inflation Rate, 1916-2016 ($3,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.14% per year. Prices in 2016 are 2101.9% higher than prices in 1916.

In other words, $3,000 in the year 1916 is equivalent in purchasing power to $66,056.97 in 2016, a difference of $63,056.97 over 100 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1916 to 2016
Cumulative price change 2101.90%
Average inflation rate 3.14%
Price difference ($3,000 base) $63,056.97
CPI in 1916 10.9
CPI in 2016 240.007


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Wine at home · Public transportation · Fish and seafood · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $3,000, 1916 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016 / CPI in 1916 * 1916 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 10.9 in the year 1916 and 240.007 in 2016:

240.007 / 10.9 * $3,000 = $66,056.97

$3,000 in 1916 has the same "purchasing power" as $66,056.97 in 2016.


News headlines from 1916

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

  • Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
  • An estimated 1 million men are killed during the Battle of Verdun.
  • The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
  • Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
  • The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

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: “$3,000 in 1916 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1916-dollars-in-2016?amount=3000.


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