# $3,002 in 1917 is worth$12,617.78 in 1975

$3,002 in 1917 has the same purchasing power as$12,617.78 in 1975. Over the 58 years this is a change of $9,615.78. The average inflation rate of the dollar between 1917 and 1975 was 2.91% per year. The cumulative price increase of the dollar over this time was 320.31%. ## The value of$3,002 from 1917 to 1975

So what does this data mean? It means that the prices in 1975 are 126.18 higher than the average prices since 1917. A dollar in 1975 can buy 23.79% of what it could buy in 1917.

We can look at the buying power equivalent for $3,002 in 1917 to see how much you would need to adjust for in order to beat inflation. For 1917 to 1975, if you started with$3,002 in 1917, you would need to have $12,617.78 in 1917 to keep up with inflation rates. So if we are saying that$3,002 is equivalent to $12,617.78 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$3,002 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
1917 $3,002.00 17.43% 1918$3,541.42 17.97%
1919 $4,057.39 14.57% 1920$4,690.63 15.61%
1921 $4,198.11 -10.50% 1922$3,940.13 -6.15%
1923 $4,010.48 1.79% 1924$4,010.48 0.00%
1925 $4,104.30 2.34% 1926$4,151.20 1.14%
1927 $4,080.84 -1.69% 1928$4,010.48 -1.72%
1929 $4,010.48 0.00% 1930$3,916.67 -2.34%
1931 $3,564.88 -8.98% 1932$3,213.08 -9.87%
1933 $3,048.91 -5.11% 1934$3,142.72 3.08%
1935 $3,213.08 2.24% 1936$3,259.98 1.46%
1937 $3,377.25 3.60% 1938$3,306.89 -2.08%
1939 $3,259.98 -1.42% 1940$3,283.44 0.72%
1941 $3,447.61 5.00% 1942$3,822.86 10.88%
1943 $4,057.39 6.13% 1944$4,127.75 1.73%
1945 $4,221.56 2.27% 1946$4,573.36 8.33%
1947 $5,230.05 14.36% 1948$5,652.20 8.07%
1949 $5,581.84 -1.24% 1950$5,652.20 1.26%
1951 $6,097.81 7.88% 1952$6,215.08 1.92%
1953 $6,261.98 0.75% 1954$6,308.89 0.75%
1955 $6,285.44 -0.37% 1956$6,379.25 1.49%
1957 $6,590.33 3.31% 1958$6,777.95 2.85%
1959 $6,824.86 0.69% 1960$6,942.13 1.72%
1961 $7,012.48 1.01% 1962$7,082.84 1.00%
1963 $7,176.66 1.32% 1964$7,270.47 1.31%
1965 $7,387.73 1.61% 1966$7,598.81 2.86%
1967 $7,833.34 3.09% 1968$8,161.69 4.19%
1969 $8,607.30 5.46% 1970$9,099.81 5.72%
1971 $9,498.52 4.38% 1972$9,803.41 3.21%
1973 $10,413.19 6.22% 1974$11,562.39 11.04%