$3,382 in 1914 is worth$14,136.76 in 1972

$3,382 in 1914 has the same purchasing power as$14,136.76 in 1972. Over the 58 years this is a change of $10,754.76. The average inflation rate of the dollar between 1914 and 1972 was 2.63% per year. The cumulative price increase of the dollar over this time was 318.00%. The value of$3,382 from 1914 to 1972

So what does this data mean? It means that the prices in 1972 are 141.37 higher than the average prices since 1914. A dollar in 1972 can buy 23.92% of what it could buy in 1914.

We can look at the buying power equivalent for $3,382 in 1914 to see how much you would need to adjust for in order to beat inflation. For 1914 to 1972, if you started with$3,382 in 1914, you would need to have $14,136.76 in 1914 to keep up with inflation rates. So if we are saying that$3,382 is equivalent to $14,136.76 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 58 years. Value of$3,382 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1914 $3,382.00 1.01% 1915$3,415.82 1.00%
1916 $3,686.38 7.92% 1917$4,328.96 17.43%
1918 $5,106.82 17.97% 1919$5,850.86 14.57%
1920 $6,764.00 15.61% 1921$6,053.78 -10.50%
1922 $5,681.76 -6.15% 1923$5,783.22 1.79%
1924 $5,783.22 0.00% 1925$5,918.50 2.34%
1926 $5,986.14 1.14% 1927$5,884.68 -1.69%
1928 $5,783.22 -1.72% 1929$5,783.22 0.00%
1930 $5,647.94 -2.34% 1931$5,140.64 -8.98%
1932 $4,633.34 -9.87% 1933$4,396.60 -5.11%
1934 $4,531.88 3.08% 1935$4,633.34 2.24%
1936 $4,700.98 1.46% 1937$4,870.08 3.60%
1938 $4,768.62 -2.08% 1939$4,700.98 -1.42%
1940 $4,734.80 0.72% 1941$4,971.54 5.00%
1942 $5,512.66 10.88% 1943$5,850.86 6.13%
1944 $5,952.32 1.73% 1945$6,087.60 2.27%
1946 $6,594.90 8.33% 1947$7,541.86 14.36%
1948 $8,150.62 8.07% 1949$8,049.16 -1.24%
1950 $8,150.62 1.26% 1951$8,793.20 7.88%
1952 $8,962.30 1.92% 1953$9,029.94 0.75%
1954 $9,097.58 0.75% 1955$9,063.76 -0.37%
1956 $9,199.04 1.49% 1957$9,503.42 3.31%
1958 $9,773.98 2.85% 1959$9,841.62 0.69%
1960 $10,010.72 1.72% 1961$10,112.18 1.01%
1962 $10,213.64 1.00% 1963$10,348.92 1.32%
1964 $10,484.20 1.31% 1965$10,653.30 1.61%
1966 $10,957.68 2.86% 1967$11,295.88 3.09%
1968 $11,769.36 4.19% 1969$12,411.94 5.46%
1970 $13,122.16 5.72% 1971$13,697.10 4.38%