CPI-U in 1924
The U.S. Consumer Price Index for All Urban Consumers (CPI-U) averaged 17.1 in 1924 (1982–84 = 100), 0.0% above the 1923 average. From December 1923 to December 1924, prices rose 0.0%. Prices in August 2026 were 19.59 times their 1924 level.
Monthly CPI-U index values, 1924
The highest monthly index in 1924 was 17.3 (December), the lowest 17.0 (April). The 12-month inflation rate ranged from −0.6% in August to +3.0% in January. Historical context — The 1920s (1923–1929): Prices were nearly flat through the Roaring Twenties.
| Month | CPI-U index | Change from prior month | 12-month change |
|---|---|---|---|
| January 1924 | 17.3 | 0.0% | +3.0% |
| February 1924 | 17.2 | −0.6% | +2.4% |
| March 1924 | 17.1 | −0.6% | +1.8% |
| April 1924 | 17.0 | −0.6% | +0.6% |
| May 1924 | 17.0 | 0.0% | +0.6% |
| June 1924 | 17.0 | 0.0% | 0.0% |
| July 1924 | 17.1 | +0.6% | −0.6% |
| August 1924 | 17.0 | −0.6% | −0.6% |
| September 1924 | 17.1 | +0.6% | −0.6% |
| October 1924 | 17.2 | +0.6% | −0.6% |
| November 1924 | 17.2 | 0.0% | −0.6% |
| December 1924 | 17.3 | +0.6% | 0.0% |
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 17.1 as published by the BLS.
CPI 1924: common questions
What was the CPI in 1924?
The CPI-U annual average for 1924 was 17.1 on the 1982–84 = 100 base. Monthly values ranged from 17.0 to 17.3.
What was the inflation rate in 1924?
Measured by annual averages, consumer prices rose 0.0% in 1924; December to December the change was 0.0%.
How much is $100 from 1924 worth today?
About $1,958.95 in August 2026 prices, based on the change in CPI-U. Use the inflation calculator for other amounts.