# U.S. inflation rate in 1916: 7.92%

## Inflation Calculator

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### U.S. Inflation Rate, 1916-2018 (\$100)

The consumer price index (CPI) in 1916 was 10.9. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.12% per year. Prices in 2018 are 2189.5% higher than prices in 1916.

In other words, \$100 in the year 1916 is equivalent in purchasing power to \$2,289.49 in 2018, a difference of \$2,189.49 over 102 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$100 today would be equivalent to \$101.95 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 2189.49% Average inflation rate 3.12% Price difference (\$100 base) \$2,189.49 CPI in 1916 10.9 CPI in 2018 249.554

#### Inflation rates for specific categories

Hospital services · Televisions · Film and photographic supplies · More

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

### How to calculate the inflation rate for \$100 since 1916

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1916 * 1916 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 10.9 in the year 1916 and 249.554 in 2018:

249.554 / 10.9 * \$100 = \$2,289.49

\$100 in 1916 has the same "purchasing power" as \$2,289.49 in 2018.

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

• Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
• An estimated 1 million men are killed during the Battle of Verdun.
• The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
• Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
• The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

### 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 1916 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/inflation-rate-in-1916.