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Value of 1926 US Dollars today

$100 in 1926
$1,777.58 in 2024

The inflation rate in the United States between 1926 and today has been 1,677.58%, which translates into a total increase of $1,677.58. This means that 100 dollars in 1926 are equivalent to 1,777.58 dollars in 2024. In other words, the purchasing power of $100 in 1926 equals $1,777.58 today. The average annual inflation rate between these periods has been 2.98%.

Inflation timeline in the United States (1926 - 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 1926-2023 1,621.48%
Cumulative inflation 1926-today 1,677.58%
Avg. Annual inflation 1926-2023 2.98%
CPI 1926 17.7
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 1926 and 2023, use the corresponding CPI values:

Value2023
=Value1926 ×
CPI2023/CPI1926
=$ 100 ×
304.7/17.7
$1,721.48

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

Valuetoday
=Value1926 ×
CPItoday/CPI1926
=$ 100 ×
314.63/17.7
$1,777.58

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 97 years between 1926 and 2023 and the average inflation rate was 2.9772%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.029772)97
$1,721.48

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1926 $17.21 dollars in 2023
$5 dollars in 1926 $86.07 dollars in 2023
$10 dollars in 1926 $172.15 dollars in 2023
$50 dollars in 1926 $860.74 dollars in 2023
$100 dollars in 1926 $1,721.48 dollars in 2023
$500 dollars in 1926 $8,607.39 dollars in 2023
$1,000 dollars in 1926 $17,214.78 dollars in 2023
$5,000 dollars in 1926 $86,073.89 dollars in 2023
$10,000 dollars in 1926 $172,147.79 dollars in 2023
$50,000 dollars in 1926 $860,738.94 dollars in 2023
$100,000 dollars in 1926 $1,721,477.87 dollars in 2023
$500,000 dollars in 1926 $8,607,389.36 dollars in 2023
$1,000,000 dollars in 1926 $17,214,778.72 dollars in 2023
Cumulative inflation From 1926 1,677.58%
Avg. annual inflation From 1926 2.98%
CPI 1926 17.7
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1926 100
1927 98.07
1928 96.94
1929 96.94
1930 94.35
1931 85.92
1932 77.07
1933 73.07
1934 75.61
1935 77.54
1936 78.34
1937 81.26
1938 79.61
1939 78.58
1940 79.14
1941 83.19
1942 92.28
1943 97.79
1944 99.39
1945 101.65
1946 110.26
1947 126.13
1948 135.83
1949 134.51
1950 135.97
1951 146.66
1952 150
1953 151.22
1954 151.69
1955 151.27
1956 153.58
1957 158.71
1958 163.04
1959 164.69
1960 167.09
1961 168.88
1962 170.9
1963 173.02
1964 175.24
1965 178.01
1966 183.38
1967 188.47
1968 196.52
1969 207.25
1970 219.35
1971 228.77
1972 236.25
1973 250.85
1974 278.58
1975 304.05
1976 321.52
1977 342.42
1978 368.55
1979 410.03
1980 465.58
1981 513.7
1982 545.2
1983 562.71
1984 586.91
1985 607.72
1986 619.26
1987 641.95
1988 668.13
1989 700.38
1990 738.18
1991 769.44
1992 792.75
1993 816.15
1994 837.43
1995 860.92
1996 886.16
1997 906.87
1998 920.95
1999 941.1
2000 972.88
2001 1,000.38
2002 1,016.24
2003 1,039.31
2004 1,067.14
2005 1,103.34
2006 1,138.94
2007 1,171.43
2008 1,216.4
2009 1,212.07
2010 1,231.95
2011 1,270.84
2012 1,297.14
2013 1,316.14
2014 1,337.49
2015 1,339.08
2016 1,355.97
2017 1,384.86
2018 1,418.68
2019 1,444.39
2020 1,462.21
2021 1,530.9
2022 1,653.42
2023 1,721.48
2024-05 1,774.4
Today 1,777.58

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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