What is $100.00 from 1929 worth today?
$100.00 in 1929 is worth $1,882.69 in 2025, accounting for +1782.7% cumulative inflation.
$100.00 in 1929 is worth
$1,882.69
in 2025
+1782.7%
+3.10%/yr
How prices changed from 1929 to 2025
| Item | 1929 | 2025 | Change |
|---|---|---|---|
| Gallon of gas | $0.21 | $3.17 | +1410% |
| Loaf of bread | $0.09 | $2.10 | +2233% |
Prices in 1929
| Item | Price in 1929 |
|---|---|
| Gallon of gas | $0.21 |
| Loaf of bread | $0.09 |
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Historical Context: Great Depression
The 1920s brought dramatic swings from postwar deflation to the prosperity of the Roaring Twenties. After a sharp recession in 1920–21, the economy boomed as mass production, consumer credit, and new technologies like automobiles and radios reshaped daily life. Prices were broadly stable through the decade, disguising underlying financial imbalances that would eventually unravel.
The stock market crash of 1929 triggered bank panics, credit contraction, and the worst deflation in modern American history. Consumer prices fell nearly 25% between 1929 and 1933 as unemployment exceeded 25% and output collapsed. Roosevelt's New Deal programs stabilized prices and boosted demand, but a premature fiscal tightening in 1937–38 caused a painful recession-within-depression. Full recovery awaited wartime mobilization.
What This Means
Over the 96 years from 1929 to 2025, prices increased more than fourfold — a cumulative inflation rate of +1782.7%. The average annual inflation rate over this period was +3.10%, which is roughly in line with the historical average of roughly 3.3% per year.
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