You can use the Minneapolis Fed’s inflation calculator to instantly compare the buying power of past and present dollars. However, you can also use the Annual Average CPI numbers below (center column) to make manual calculations. To find out how much a price in Year 1 would be in Year 2 dollars:
Year 2 Price = Year 1 Price x (Year 2 CPI/Year 1 CPI)
Year | Annual Average CPI(-U) | Annual Percent Change (rate of inflation) |
---|---|---|
1913
|
9.9
|
|
1914
|
10.0
|
1.3%
|
1915
|
10.1
|
0.9%
|
1916
|
10.9
|
7.7%
|
1917
|
12.8
|
17.8%
|
1918
|
15.0
|
17.3%
|
1919
|
17.3
|
15.2%
|
1920
|
20.0
|
15.6%
|
1921
|
17.9
|
-10.9%
|
1922
|
16.8
|
-6.2%
|
1923
|
17.1
|
1.8%
|
1924
|
17.1
|
0.4%
|
1925
|
17.5
|
2.4%
|
1926
|
17.7
|
0.9%
|
1927
|
17.4
|
-1.9%
|
1928
|
17.2
|
-1.2%
|
1929
|
17.2
|
0.0%
|
1930
|
16.7
|
-2.7%
|
1931
|
15.2
|
-8.9%
|
1932
|
13.6
|
-10.3%
|
1933
|
12.9
|
-5.2%
|
1934
|
13.4
|
3.5%
|
1935
|
13.7
|
2.6%
|
1936
|
13.9
|
1.0%
|
1937
|
14.4
|
3.7%
|
1938
|
14.1
|
-2.0%
|
1939
|
13.9
|
-1.3%
|
1940
|
14.0
|
0.7%
|
1941
|
14.7
|
5.1%
|
1942
|
16.3
|
10.9%
|
1943
|
17.3
|
6.0%
|
1944
|
17.6
|
1.6%
|
1945
|
18.0
|
2.3%
|
1946
|
19.5
|
8.5%
|
1947
|
22.3
|
14.4%
|
1948
|
24.0
|
7.7%
|
1949
|
23.8
|
-1.0%
|
1950
|
24.1
|
1.1%
|
1951
|
26.0
|
7.9%
|
1952
|
26.6
|
2.3%
|
1953
|
26.8
|
0.8%
|
1954
|
26.9
|
0.3%
|
1955
|
26.8
|
-0.3%
|
1956
|
27.2
|
1.5%
|
1957
|
28.1
|
3.3%
|
1958
|
28.9
|
2.7%
|
1959
|
29.2
|
1.08%
|
1960
|
29.6
|
1.5%
|
1961
|
29.9
|
1.1%
|
1962
|
30.3
|
1.2%
|
1963
|
30.6
|
1.2%
|
1964
|
31.0
|
1.3%
|
1965
|
31.5
|
1.6%
|
1966
|
32.5
|
3.0%
|
1967
|
33.4
|
2.8%
|
1968
|
34.8
|
4.3%
|
1969
|
36.7
|
5.5%
|
1970
|
38.8
|
5.8%
|
1971
|
40.5
|
4.3%
|
1972
|
41.8
|
3.3%
|
1973
|
44.4
|
6.2%
|
1974
|
49.3
|
11.1%
|
1975
|
53.8
|
9.1%
|
1976
|
56.9
|
5.7%
|
1977
|
60.6
|
6.5%
|
1978
|
65.2
|
7.6%
|
1979
|
72.6
|
11.3%
|
1980
|
82.4
|
13.5%
|
1981
|
90.9
|
10.3%
|
1982
|
96.5
|
6.1%
|
1983
|
99.6
|
3.2%
|
1984
|
103.9
|
4.3%
|
1985
|
107.6
|
3.5%
|
1986
|
109.6
|
1.9%
|
1987
|
113.6
|
3.7%
|
1988
|
118.3
|
4.1%
|
1989
|
124.0
|
4.8%
|
1990
|
130.7
|
5.4%
|
1991
|
136.2
|
4.2%
|
1992
|
140.3
|
3.0%
|
1993
|
144.5
|
3.0%
|
1994
|
148.2
|
2.6%
|
1995
|
152.4
|
2.8%
|
1996
|
156.9
|
2.9%
|
1997
|
160.5
|
2.3%
|
1998
|
163.0
|
1.6%
|
1999
|
166.6
|
2.2%
|
2000
|
172.2
|
3.4%
|
2001
|
177.1
|
2.8%
|
2002
|
179.9
|
1.6%
|
2003
|
184.0
|
2.3%
|
2004
|
188.9
|
2.7%
|
2005
|
195.3
|
3.4%
|
2006
|
201.6
|
3.2%
|
2007
|
207.3
|
2.9%
|
2008
|
215.3
|
3.8%
|
2009
|
214.5
|
-0.4%
|
2010
|
218.1
|
1.6%
|
2011
|
224.9
|
3.2%
|
2012
|
229.6
|
2.1%
|
2013
|
233.0
|
1.5%
|
2014
|
236.7
|
1.6%
|
2015
|
237.0
|
0.1%
|
2016
|
240.0
|
1.3%
|
2017
|
245.1
|
2.1%
|
2018
|
251.1
|
2.4%
|
2019
|
255.7
|
1.8%
|
2020
|
258.8
|
1.2%
|
2021
|
271.0
|
4.7%
|
2022
|
292.7
|
8.0%
|
2023
|
304.7
|
4.1%
|
2024
|
314.4
|
3.2%
|
*An estimate for 2024 is based on the change in the CPI from second quarter 2023 to second quarter 2024.