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Value of 1922 US Dollars today

$100 in 1922
$1,878.4 in 2024

The inflation rate in the United States between 1922 and today has been 1,778.4%, which translates into a total increase of $1,778.4. This means that 100 dollars in 1922 are equivalent to 1,878.4 dollars in 2024. In other words, the purchasing power of $100 in 1922 equals $1,878.4 today. The average annual inflation rate between these periods has been 2.92%.

Inflation timeline in the United States (1922 - 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 1922-2023 1,719.11%
Cumulative inflation 1922-today 1,778.4%
Avg. Annual inflation 1922-2023 2.91%
CPI 1922 16.75
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 1922 and 2023, use the corresponding CPI values:

Value2023
=Value1922 ×
CPI2023/CPI1922
=$ 100 ×
304.7/16.75
$1,819.11

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

Valuetoday
=Value1922 ×
CPItoday/CPI1922
=$ 100 ×
314.63/16.75
$1,878.4

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 101 years between 1922 and 2023 and the average inflation rate was 2.9139%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.029139)101
$1,819.11

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1922 $18.19 dollars in 2023
$5 dollars in 1922 $90.96 dollars in 2023
$10 dollars in 1922 $181.91 dollars in 2023
$50 dollars in 1922 $909.56 dollars in 2023
$100 dollars in 1922 $1,819.11 dollars in 2023
$500 dollars in 1922 $9,095.57 dollars in 2023
$1,000 dollars in 1922 $18,191.14 dollars in 2023
$5,000 dollars in 1922 $90,955.7 dollars in 2023
$10,000 dollars in 1922 $181,911.39 dollars in 2023
$50,000 dollars in 1922 $909,556.97 dollars in 2023
$100,000 dollars in 1922 $1,819,113.93 dollars in 2023
$500,000 dollars in 1922 $9,095,569.65 dollars in 2023
$1,000,000 dollars in 1922 $18,191,139.3 dollars in 2023
Cumulative inflation From 1922 1,778.4%
Avg. annual inflation From 1922 2.92%
CPI 1922 16.75
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1922 100
1923 101.79
1924 102.24
1925 104.73
1926 105.67
1927 103.63
1928 102.44
1929 102.44
1930 99.7
1931 90.8
1932 81.44
1933 77.21
1934 79.9
1935 81.94
1936 82.79
1937 85.87
1938 84.13
1939 83.03
1940 83.63
1941 87.91
1942 97.51
1943 103.33
1944 105.02
1945 107.41
1946 116.52
1947 133.28
1948 143.53
1949 142.14
1950 143.68
1951 154.98
1952 158.51
1953 159.8
1954 160.3
1955 159.85
1956 162.29
1957 167.71
1958 172.29
1959 174.03
1960 176.57
1961 178.46
1962 180.6
1963 182.84
1964 185.17
1965 188.11
1966 193.78
1967 199.15
1968 207.66
1969 219
1970 231.79
1971 241.74
1972 249.65
1973 265.07
1974 294.38
1975 321.29
1976 339.75
1977 361.84
1978 389.45
1979 433.28
1980 491.99
1981 542.84
1982 576.12
1983 594.63
1984 620.2
1985 642.19
1986 654.38
1987 678.36
1988 706.02
1989 740.1
1990 780.05
1991 813.08
1992 837.71
1993 862.44
1994 884.93
1995 909.75
1996 936.42
1997 958.31
1998 973.18
1999 994.48
2000 1,028.06
2001 1,057.11
2002 1,073.88
2003 1,098.26
2004 1,127.66
2005 1,165.92
2006 1,203.53
2007 1,237.87
2008 1,285.39
2009 1,280.82
2010 1,301.82
2011 1,342.92
2012 1,370.71
2013 1,390.79
2014 1,413.35
2015 1,415.03
2016 1,432.88
2017 1,463.4
2018 1,499.15
2019 1,526.31
2020 1,545.14
2021 1,617.73
2022 1,747.19
2023 1,819.11
2024-05 1,875.04
Today 1,878.4

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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