$300 in 1920 → $3,773.85 in 2018

Inflation Calculator

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U.S. Inflation Rate, $300 in 1920 to 2018

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.62% per year. Prices in 2018 are 1158.0% higher than prices in 1920.

In other words, $300 in 1920 is equivalent in purchasing power to $3,773.85 in 2018, a difference of $3,473.85 over 98 years.

The current inflation rate is now 2.80%1. If this number holds, $300 today will be equivalent to $308.40 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1920 to 2018
Cumulative price change 1157.95%
Average inflation rate 2.62%
Converted amount ($300 base) $3,773.85
Price difference ($300 base) $3,473.85
CPI in 1920 20
CPI in 2018 251.59


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Film and photographic supplies · Bananas · Legal services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $300 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 251.59 in 2018:

251.59 / 20 * $300 = $3,773.85

$300 in 1920 has the same "purchasing power" or "buying power" as $3,773.85 in 2018.


Buying power of $300 since 1920

Below are calculations of buying power over time for $300 in 1920 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1920 $300.00 15.61%
1921 $268.50 -10.50%
1922 $252.00 -6.15%
1923 $256.50 1.79%
1924 $256.50 0.00%
1925 $262.50 2.34%
1926 $265.50 1.14%
1927 $261.00 -1.69%
1928 $256.50 -1.72%
1929 $256.50 0.00%
1930 $250.50 -2.34%
1931 $228.00 -8.98%
1932 $205.50 -9.87%
1933 $195.00 -5.11%
1934 $201.00 3.08%
1935 $205.50 2.24%
1936 $208.50 1.46%
1937 $216.00 3.60%
1938 $211.50 -2.08%
1939 $208.50 -1.42%
1940 $210.00 0.72%
1941 $220.50 5.00%
1942 $244.50 10.88%
1943 $259.50 6.13%
1944 $264.00 1.73%
1945 $270.00 2.27%
1946 $292.50 8.33%
1947 $334.50 14.36%
1948 $361.50 8.07%
1949 $357.00 -1.24%
1950 $361.50 1.26%
1951 $390.00 7.88%
1952 $397.50 1.92%
1953 $400.50 0.75%
1954 $403.50 0.75%
1955 $402.00 -0.37%
1956 $408.00 1.49%
1957 $421.50 3.31%
1958 $433.50 2.85%
1959 $436.50 0.69%
1960 $444.00 1.72%
1961 $448.50 1.01%
1962 $453.00 1.00%
1963 $459.00 1.32%
1964 $465.00 1.31%
1965 $472.50 1.61%
1966 $486.00 2.86%
1967 $501.00 3.09%
1968 $522.00 4.19%
1969 $550.50 5.46%
1970 $582.00 5.72%
1971 $607.50 4.38%
1972 $627.00 3.21%
1973 $666.00 6.22%
1974 $739.50 11.04%
1975 $807.00 9.13%
1976 $853.50 5.76%
1977 $909.00 6.50%
1978 $978.00 7.59%
1979 $1,089.00 11.35%
1980 $1,236.00 13.50%
1981 $1,363.50 10.32%
1982 $1,447.50 6.16%
1983 $1,494.00 3.21%
1984 $1,558.50 4.32%
1985 $1,614.00 3.56%
1986 $1,644.00 1.86%
1987 $1,704.00 3.65%
1988 $1,774.50 4.14%
1989 $1,860.00 4.82%
1990 $1,960.50 5.40%
1991 $2,043.00 4.21%
1992 $2,104.50 3.01%
1993 $2,167.50 2.99%
1994 $2,223.00 2.56%
1995 $2,286.00 2.83%
1996 $2,353.50 2.95%
1997 $2,407.50 2.29%
1998 $2,445.00 1.56%
1999 $2,499.00 2.21%
2000 $2,583.00 3.36%
2001 $2,656.50 2.85%
2002 $2,698.50 1.58%
2003 $2,760.00 2.28%
2004 $2,833.50 2.66%
2005 $2,929.50 3.39%
2006 $3,024.00 3.23%
2007 $3,110.13 2.85%
2008 $3,229.55 3.84%
2009 $3,218.06 -0.36%
2010 $3,270.84 1.64%
2011 $3,374.09 3.16%
2012 $3,443.91 2.07%
2013 $3,494.36 1.46%
2014 $3,551.04 1.62%
2015 $3,555.25 0.12%
2016 $3,600.11 1.26%
2017 $3,671.79 1.99%
2018 $3,773.85 2.78%*
* Not final. See inflation summary for latest details.

News headlines from 1920

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

  • The League of Nations' first assembly takes place in Paris.
  • The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
  • The Catholic Church canonizes Joan of Arc, formally making her a saint.
  • The 19th Amendment to the constitution is ratified, granting U.S. woman suffrage for the first time.

Data Source & Citation

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: “$300 in 1920 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1920-dollars?amount=300.


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