# \$15 in 1920 → \$187.17 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1920-2018 (\$15)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.61% per year. Prices in 2018 are 1147.8% higher than prices in 1920.

In other words, \$15 in the year 1920 is equivalent in purchasing power to \$187.17 in 2018, a difference of \$172.17 over 98 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$15 today would be equivalent to \$15.29 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1147.80% Average inflation rate 2.61% Price difference (\$15 base) \$172.17 CPI in 1920 20 CPI in 2018 249.554

#### Inflation rates for specific categories

Gasoline (all types) · Public transportation · Fish and seafood · More

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

### How to calculate the inflation rate for \$15 since 1920

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1920 * 1920 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 20 in the year 1920 and 249.554 in 2018:

249.554 / 20 * \$15 = \$187.17

\$15 in 1920 has the same "purchasing power" as \$187.17 in 2018.