\$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.

 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

Inflation rates for specific categories

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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.