# U.S. inflation rate in 1917: 17.43%

## Inflation Calculator

\$

### U.S. Inflation Rate, 1917-2018 (\$100)

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

#### Inflation rates for specific categories

Fish and seafood · New trucks · Women's apparel · More

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

### How to calculate the inflation rate for \$100 since 1917

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1917 * 1917 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 12.8 in the year 1917 and 249.554 in 2018:

249.554 / 12.8 * \$100 = \$1,949.64

\$100 in 1917 has the same "purchasing power" as \$1,949.64 in 2018.

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

• The Russian "February Revolution" begins alongside protests celebrating Women's Day and St Petersburg riots.
• Tsar Nicholas II abdicates, nominating his brother, Grand Duke Michael, to succeed him.
• President Wilson asks US Congress to declare war against Germany.
• Vladimir Lenin issues the "April Theses" appealing for Soviets to take power during Russian Revolution.
• Leon Trotsky becomes chairman of the Petrograd Soviet after the Bolsheviks gain control.

### 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 1917 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/inflation-rate-in-1917.