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Value of 1916 US Dollars today

$100 in 1916
$2,890.95 in 2024

The inflation rate in the United States between 1916 and today has been 2,790.95%, which translates into a total increase of $2,790.95. This means that 100 dollars in 1916 are equivalent to 2,890.95 dollars in 2024. In other words, the purchasing power of $100 in 1916 equals $2,890.95 today. The average annual inflation rate between these periods has been 3.16%.

Inflation timeline in the United States (1916 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1916-2023 2,699.71%
Cumulative inflation 1916-today 2,790.95%
Avg. Annual inflation 1916-2023 3.16%
CPI 1916 10.88
CPI 2023 304.7
CPI 2024-05 (latest official data) 314.07
CPI today 314.63

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1916 and 2023, use the corresponding CPI values:

Value2023
=Value1916 ×
CPI2023/CPI1916
=$ 100 ×
304.7/10.88
$2,799.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.63:

Valuetoday
=Value1916 ×
CPItoday/CPI1916
=$ 100 ×
314.63/10.88
$2,890.95

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 107 years between 1916 and 2023 and the average inflation rate was 3.1631%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.031631)107
$2,799.71

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1916 $28 dollars in 2023
$5 dollars in 1916 $139.99 dollars in 2023
$10 dollars in 1916 $279.97 dollars in 2023
$50 dollars in 1916 $1,399.85 dollars in 2023
$100 dollars in 1916 $2,799.71 dollars in 2023
$500 dollars in 1916 $13,998.54 dollars in 2023
$1,000 dollars in 1916 $27,997.08 dollars in 2023
$5,000 dollars in 1916 $139,985.41 dollars in 2023
$10,000 dollars in 1916 $279,970.83 dollars in 2023
$50,000 dollars in 1916 $1,399,854.13 dollars in 2023
$100,000 dollars in 1916 $2,799,708.27 dollars in 2023
$500,000 dollars in 1916 $13,998,541.35 dollars in 2023
$1,000,000 dollars in 1916 $27,997,082.7 dollars in 2023
Cumulative inflation From 1916 2,790.95%
Avg. annual inflation From 1916 3.16%
CPI 1916 10.88
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1916 100
1917 117.84
1918 138.21
1919 159.26
1920 184.15
1921 164.01
1922 153.91
1923 156.66
1924 157.35
1925 161.18
1926 162.63
1927 159.49
1928 157.66
1929 157.66
1930 153.45
1931 139.74
1932 125.34
1933 118.84
1934 122.97
1935 126.11
1936 127.41
1937 132.16
1938 129.48
1939 127.79
1940 128.71
1941 135.3
1942 150.08
1943 159.04
1944 161.64
1945 165.31
1946 179.33
1947 205.13
1948 220.9
1949 218.76
1950 221.13
1951 238.51
1952 243.95
1953 245.94
1954 246.71
1955 246.02
1956 249.77
1957 258.12
1958 265.16
1959 267.84
1960 271.75
1961 274.66
1962 277.95
1963 281.39
1964 284.99
1965 289.51
1966 298.24
1967 306.51
1968 319.6
1969 337.06
1970 356.74
1971 372.05
1972 384.23
1973 407.96
1974 453.06
1975 494.49
1976 522.89
1977 556.89
1978 599.39
1979 666.85
1980 757.2
1981 835.45
1982 886.68
1983 915.16
1984 954.52
1985 988.36
1986 1,007.12
1987 1,044.03
1988 1,086.6
1989 1,139.05
1990 1,200.54
1991 1,251.38
1992 1,289.28
1993 1,327.34
1994 1,361.94
1995 1,400.15
1996 1,441.19
1997 1,474.89
1998 1,497.78
1999 1,530.55
2000 1,582.24
2001 1,626.95
2002 1,652.76
2003 1,690.28
2004 1,735.53
2005 1,794.41
2006 1,852.3
2007 1,905.14
2008 1,978.28
2009 1,971.24
2010 2,003.57
2011 2,066.82
2012 2,109.59
2013 2,140.49
2014 2,175.22
2015 2,177.8
2016 2,205.27
2017 2,252.25
2018 2,307.26
2019 2,349.07
2020 2,378.05
2021 2,489.77
2022 2,689.02
2023 2,799.71
2024-05 2,885.78
Today 2,890.95

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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