$

Value of 1932 US Dollars today

$100 in 1932
$2,319.4 in 2024

The inflation rate in the United States between 1932 and today has been 2,219.4%, which translates into a total increase of $2,219.4. This means that 100 dollars in 1932 are equivalent to 2,319.4 dollars in 2024. In other words, the purchasing power of $100 in 1932 equals $2,319.4 today. The average annual inflation rate between these periods has been 3.48%.

Inflation timeline in the United States (1932 - 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 1932-2023 2,133.61%
Cumulative inflation 1932-today 2,219.4%
Avg. Annual inflation 1932-2023 3.47%
CPI 1932 13.64
CPI 2023 304.7
CPI 2024-10 (latest official data) 315.66
CPI today 316.41

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 1932 and 2023, use the corresponding CPI values:

Value2023
=Value1932 ×
CPI2023/CPI1932
=$ 100 ×
304.7/13.64
$2,233.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 316.41:

Valuetoday
=Value1932 ×
CPItoday/CPI1932
=$ 100 ×
316.41/13.64
$2,319.4

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 91 years between 1932 and 2023 and the average inflation rate was 3.4723%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.034723)91
$2,233.61

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1932 $22.34 dollars in 2023
$5 dollars in 1932 $111.68 dollars in 2023
$10 dollars in 1932 $223.36 dollars in 2023
$50 dollars in 1932 $1,116.8 dollars in 2023
$100 dollars in 1932 $2,233.61 dollars in 2023
$500 dollars in 1932 $11,168.05 dollars in 2023
$1,000 dollars in 1932 $22,336.1 dollars in 2023
$5,000 dollars in 1932 $111,680.48 dollars in 2023
$10,000 dollars in 1932 $223,360.97 dollars in 2023
$50,000 dollars in 1932 $1,116,804.83 dollars in 2023
$100,000 dollars in 1932 $2,233,609.65 dollars in 2023
$500,000 dollars in 1932 $11,168,048.26 dollars in 2023
$1,000,000 dollars in 1932 $22,336,096.52 dollars in 2023
Cumulative inflation From 1932 2,219.4%
Avg. annual inflation From 1932 3.48%
CPI 1932 13.64
CPI today 316.41

Value of Dollar over time (by year)

Period Value
1932 100
1933 94.81
1934 98.11
1935 100.61
1936 101.65
1937 105.44
1938 103.3
1939 101.95
1940 102.69
1941 107.94
1942 119.73
1943 126.88
1944 128.96
1945 131.89
1946 143.07
1947 163.65
1948 176.24
1949 174.53
1950 176.42
1951 190.29
1952 194.62
1953 196.21
1954 196.82
1955 196.27
1956 199.27
1957 205.93
1958 211.55
1959 213.68
1960 216.8
1961 219.12
1962 221.75
1963 224.5
1964 227.37
1965 230.97
1966 237.94
1967 244.53
1968 254.98
1969 268.91
1970 284.61
1971 296.82
1972 306.54
1973 325.47
1974 361.45
1975 394.5
1976 417.17
1977 444.29
1978 478.19
1979 532.01
1980 604.09
1981 666.52
1982 707.39
1983 730.12
1984 761.51
1985 788.52
1986 803.48
1987 832.93
1988 866.89
1989 908.74
1990 957.79
1991 998.35
1992 1,028.59
1993 1,058.95
1994 1,086.56
1995 1,117.04
1996 1,149.79
1997 1,176.66
1998 1,194.93
1999 1,221.08
2000 1,262.31
2001 1,297.98
2002 1,318.57
2003 1,348.5
2004 1,384.61
2005 1,431.58
2006 1,477.76
2007 1,519.92
2008 1,578.27
2009 1,572.66
2010 1,598.45
2011 1,648.91
2012 1,683.03
2013 1,707.69
2014 1,735.39
2015 1,737.45
2016 1,759.37
2017 1,796.84
2018 1,840.73
2019 1,874.09
2020 1,897.21
2021 1,986.34
2022 2,145.3
2023 2,233.61
2024-10 2,313.97
Today 2,319.4

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 |

Other currencies: