According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.58% per year. Prices in 2017 are 1687.0% higher than prices in 1935.
In other words, $1 in the year 1935 is equivalent in purchasing power to $17.87 in 2017, a difference of $16.87 over 82 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||1687.00%|
|Average inflation rate||3.58%|
|Price difference ($1 base)||$16.87|
|CPI in 1935||13.7|
|CPI in 2017||244.786|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$1 in 1935 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1935-dollars-in-2017?amount=1.