The consumer price index (CPI) in 1917 was 12.8. 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 2.98% per year. Prices in 2018 are 1849.6% higher than prices in 1917.
In other words, $100 in the year 1917 is equivalent in purchasing power to $1,949.64 in 2018, a difference of $1,849.64 over 101 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||1849.64%|
|Average inflation rate||2.98%|
|Price difference ($100 base)||$1,849.64|
|CPI in 1917||12.8|
|CPI in 2018||249.554|
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: “Inflation Rate in 1917 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/inflation-rate-in-1917.