# $5,145 in 1916 is worth$7,929.91 in 1922

$5,145 in 1916 has the same purchasing power as$7,929.91 in 1922. Over the 6 years this is a change of $2,784.91. The average inflation rate of the dollar between 1916 and 1922 was 8.12% per year. The cumulative price increase of the dollar over this time was 54.13%. ## The value of$5,145 from 1916 to 1922

So what does this data mean? It means that the prices in 1922 are 79.30 higher than the average prices since 1916. A dollar in 1922 can buy 64.88% of what it could buy in 1916.

We can look at the buying power equivalent for $5,145 in 1916 to see how much you would need to adjust for in order to beat inflation. For 1916 to 1922, if you started with$5,145 in 1916, you would need to have $7,929.91 in 1916 to keep up with inflation rates. So if we are saying that$5,145 is equivalent to $7,929.91 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 6 years. ## Value of$5,145 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
1916 $5,145.00 7.92% 1917$6,041.83 17.43%
1918 $7,127.48 17.97% 1919$8,165.92 14.57%
1920 $9,440.37 15.61% 1921$8,449.13 -10.50%