CPI-U in 1922
The U.S. Consumer Price Index for All Urban Consumers (CPI-U) averaged 16.8 in 1922 (1982–84 = 100), 6.1% below the 1921 average. From December 1921 to December 1922, prices fell 2.3%. Prices in August 2026 were 19.94 times their 1922 level.
Monthly CPI-U index values, 1922
The highest monthly index in 1922 was 16.9 (December), the lowest 16.6 (August). The 12-month inflation rate ranged from −11.1% in January to −2.3% in December. Historical context — Post-war deflation (1921–1922): Prices fell sharply as the wartime boom unwound.
| Month | CPI-U index | Change from prior month | 12-month change |
|---|---|---|---|
| January 1922 | 16.9 | −2.3% | −11.1% |
| February 1922 | 16.9 | 0.0% | −8.2% |
| March 1922 | 16.7 | −1.2% | −8.7% |
| April 1922 | 16.7 | 0.0% | −7.7% |
| May 1922 | 16.7 | 0.0% | −5.6% |
| June 1922 | 16.7 | 0.0% | −5.1% |
| July 1922 | 16.8 | +0.6% | −5.1% |
| August 1922 | 16.6 | −1.2% | −6.2% |
| September 1922 | 16.6 | 0.0% | −5.1% |
| October 1922 | 16.7 | +0.6% | −4.6% |
| November 1922 | 16.8 | +0.6% | −3.4% |
| December 1922 | 16.9 | +0.6% | −2.3% |
CPI-U, U.S. city average, all items, not seasonally adjusted, 1982–84 = 100 (BLS series CUUR0000SA0). Before 2007 the BLS published the index to one decimal place. Annual average 16.8 as published by the BLS.
CPI 1922: common questions
What was the CPI in 1922?
The CPI-U annual average for 1922 was 16.8 on the 1982–84 = 100 base. Monthly values ranged from 16.6 to 16.9.
What was the inflation rate in 1922?
Measured by annual averages, consumer prices fell 6.1% in 1922; December to December the change was −2.3%.
How much is $100 from 1922 worth today?
About $1,993.93 in August 2026 prices, based on the change in CPI-U. Use the inflation calculator for other amounts.