According to the Bureau of Labor Statistics, something that cost $100 in 1922 costs about $1,993.93 today. The inflation rate in 1922 was -6.1%, and total inflation from 1922 to August 2026 was 1,894%.
The S&P 500 index started 1922 at 7.30. With dividends reinvested, $100 invested in the S&P 500 in 1922 would have grown to about $4,887,863.39 by 2026, before adjusting for inflation.
Some costs rose much faster than others. Compared with overall inflation, food rose the most since 1922 (17% more than inflation), and clothing rose the least (75% less).
| All prices, on average | $1,993.93 |
| Food | $2,338.87 |
| Rent | $1,376.37 |
| Electricity | $710.94 |
| Clothing | $500.69 |
The Bureau of Labor Statistics began publishing average prices for individual items in 1980. For 1922, these comparisons use the consumer price index for each spending category: each row shows what something that cost $100 in 1922 costs in August 2026, and how that compares with overall inflation of 1,894%.
| Category | $100 in 1922 today | Compared with inflation |
|---|---|---|
| Food | $100 in 1922 today$2,338.87 | Compared with inflation17% more than inflation |
| Category | $100 in 1922 today | Compared with inflation |
|---|---|---|
| Rent | $100 in 1922 today$1,376.37 | Compared with inflation31% less than inflation |
| Electricity | $100 in 1922 today$710.94 | Compared with inflation64% less than inflation |
| Category | $100 in 1922 today | Compared with inflation |
|---|---|---|
| Clothing | $100 in 1922 today$500.69 | Compared with inflation75% less than inflation |
$1 in 1922 has about the same buying power as $19.94 today, according to the Bureau of Labor Statistics consumer price index.
The U.S. inflation rate in 1922 was -6.1%, measured as the change in the consumer price index from 1921 to 1922.
Of the spending categories tracked since 1922, food rose the most relative to overall inflation: something that cost $100 in 1922 costs about $2338.87 today. Clothing rose the least, to about $500.69.
Category comparisons use the Bureau of Labor Statistics consumer price index for each category, from the 1922 annual average to August 2026. Overall inflation uses the same consumer price index as our 1922 inflation calculator. S&P 500 values are from Robert Shiller's historical stock market data.
| All prices, on average | $1,993.93 |
| Food | $2,338.87 |
| Rent | $1,376.37 |
| Electricity | $710.94 |
| Clothing | $500.69 |