U.S. inflation rate in 1914: 1.01%

Inflation Calculator

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Inflation since 1914 and its effect on dollar value

The consumer price index (CPI) in 1914 was 10. It was 9.9 in the previous year. This change in CPI is used by the Bureau of Labor Statistics to calculate inflation.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.15% per year. Prices in 2018 are 2415.9% higher than prices in 1914.

In other words, $100 in 1914 is equivalent in purchasing power to $2,515.90 in 2018, a difference of $2,415.90 over 104 years.

The current inflation rate is now 2.80%1. If this number holds, $100 today will be equivalent to $102.80 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1914 to 2018
Cumulative price change 2415.90%
Average inflation rate 3.15%
Converted amount ($100 base) $2,515.90
Price difference ($100 base) $2,415.90
CPI in 1914 10
CPI in 2018 251.59


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Medical care · Jewelry · Women's apparel · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $100 since 1914

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1914 * 1914 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 10 in the year 1914 and 251.59 in 2018:

251.59 / 10 * $100 = $2,515.90

$100 in 1914 has the same "purchasing power" or "buying power" as $2,515.90 in 2018.


Here are calculations of buying power over time for $100 in 1914 (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
1914 $100.00 1.01%
1915 $101.00 1.00%
1916 $109.00 7.92%
1917 $128.00 17.43%
1918 $151.00 17.97%
1919 $173.00 14.57%
1920 $200.00 15.61%
1921 $179.00 -10.50%
1922 $168.00 -6.15%
1923 $171.00 1.79%
1924 $171.00 0.00%
1925 $175.00 2.34%
1926 $177.00 1.14%
1927 $174.00 -1.69%
1928 $171.00 -1.72%
1929 $171.00 0.00%
1930 $167.00 -2.34%
1931 $152.00 -8.98%
1932 $137.00 -9.87%
1933 $130.00 -5.11%
1934 $134.00 3.08%
1935 $137.00 2.24%
1936 $139.00 1.46%
1937 $144.00 3.60%
1938 $141.00 -2.08%
1939 $139.00 -1.42%
1940 $140.00 0.72%
1941 $147.00 5.00%
1942 $163.00 10.88%
1943 $173.00 6.13%
1944 $176.00 1.73%
1945 $180.00 2.27%
1946 $195.00 8.33%
1947 $223.00 14.36%
1948 $241.00 8.07%
1949 $238.00 -1.24%
1950 $241.00 1.26%
1951 $260.00 7.88%
1952 $265.00 1.92%
1953 $267.00 0.75%
1954 $269.00 0.75%
1955 $268.00 -0.37%
1956 $272.00 1.49%
1957 $281.00 3.31%
1958 $289.00 2.85%
1959 $291.00 0.69%
1960 $296.00 1.72%
1961 $299.00 1.01%
1962 $302.00 1.00%
1963 $306.00 1.32%
1964 $310.00 1.31%
1965 $315.00 1.61%
1966 $324.00 2.86%
1967 $334.00 3.09%
1968 $348.00 4.19%
1969 $367.00 5.46%
1970 $388.00 5.72%
1971 $405.00 4.38%
1972 $418.00 3.21%
1973 $444.00 6.22%
1974 $493.00 11.04%
1975 $538.00 9.13%
1976 $569.00 5.76%
1977 $606.00 6.50%
1978 $652.00 7.59%
1979 $726.00 11.35%
1980 $824.00 13.50%
1981 $909.00 10.32%
1982 $965.00 6.16%
1983 $996.00 3.21%
1984 $1,039.00 4.32%
1985 $1,076.00 3.56%
1986 $1,096.00 1.86%
1987 $1,136.00 3.65%
1988 $1,183.00 4.14%
1989 $1,240.00 4.82%
1990 $1,307.00 5.40%
1991 $1,362.00 4.21%
1992 $1,403.00 3.01%
1993 $1,445.00 2.99%
1994 $1,482.00 2.56%
1995 $1,524.00 2.83%
1996 $1,569.00 2.95%
1997 $1,605.00 2.29%
1998 $1,630.00 1.56%
1999 $1,666.00 2.21%
2000 $1,722.00 3.36%
2001 $1,771.00 2.85%
2002 $1,799.00 1.58%
2003 $1,840.00 2.28%
2004 $1,889.00 2.66%
2005 $1,953.00 3.39%
2006 $2,016.00 3.23%
2007 $2,073.42 2.85%
2008 $2,153.03 3.84%
2009 $2,145.37 -0.36%
2010 $2,180.56 1.64%
2011 $2,249.39 3.16%
2012 $2,295.94 2.07%
2013 $2,329.57 1.46%
2014 $2,367.36 1.62%
2015 $2,370.17 0.12%
2016 $2,400.07 1.26%
2017 $2,447.86 1.99%
2018 $2,515.90 2.78%*
* Not final. See inflation summary for latest details.

News headlines from 1914

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

  • The Model T assembly line is introduced by Henry Ford's company.
  • The first successful blood transfusion happens in Brussels, Belgium.
  • The Assassination of Franz Ferdinand, an Austrian prince, and his wife Sophie by Serbian nationalist Gavrilo Princip in Sarayevo signals the start of World War I.
  • Austria-Hungary declares war on Serbia, officially beginning World War I.
  • Germany declares war on France and Belgium in World War I.

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: “Inflation Rate in 1914 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Jun. 2018, https://www.officialdata.org/inflation-rate-in-1914.


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