The Impact of Inflation on value of $1000 from 1915 to 2024
In 1913 the price of $1000 is approximately equal to $30728.51 in 2024. Prices changed by 3.28% (or $272.74) per year on average during that period. It means that every purchase will cost you 30.73 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $1000 in 1915 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $1000 in 1915 Worth Today?
- Converted Amount: The $1000 from 1915, adjusted for inflation, would be equivalent to $30728.51 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 2972.85%.
- Average Inflation Rate: The average annual inflation rate between 1915 and 2024 has been 3.28%.
| Cumulative price change | 2972.85% |
| Average inflation rate | 3.28% |
| Converted amount | 30728.51 |
| Price difference | 29728.51 |
| CPI in 1915 | 10.1 |
| CPI in 2024 | 310.358 |
| Inflation in 1915 | 1.00% |
| Inflation in 2024 | 1.86% |
| 1000 in 1915 | 30728.51 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1915: 10.1
- CPI in 2024: 310.358
Inflation Rate at 1915 and 2024
- Inflation in 1915: 1.00%
- Inflation in 2024: 1.86%
Price Difference
- The price difference between 1915 and 2024 is $29728.51.
1915 to 2024 Inflation Calculator
To understand the transformation of $1000 from 1915 into 2024 US dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1915 | 10.1 | 1.00% | $1000 |
| 2024 | 310.358 | 1.86% | $30728.51 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $1000 in 1915
$1000 in the year 1915 is now worth $30728.51 in 2024, showing a substantial increase of $29728.51 over the years. This change underscores how the average inflation rate of 3.28% annually has eroded the purchasing power of the US dollar.