$4,173 in 1918 is worth$11,551.75 in 1972

$4,173 in 1918 has the same purchasing power as$11,551.75 in 1972. Over the 54 years this is a change of $7,378.75. The average inflation rate of the dollar between 1918 and 1972 was 2.32% per year. The cumulative price increase of the dollar over this time was 176.82%. The value of$4,173 from 1918 to 1972

So what does this data mean? It means that the prices in 1972 are 115.52 higher than the average prices since 1918. A dollar in 1972 can buy 36.12% of what it could buy in 1918.

We can look at the buying power equivalent for $4,173 in 1918 to see how much you would need to adjust for in order to beat inflation. For 1918 to 1972, if you started with$4,173 in 1918, you would need to have $11,551.75 in 1918 to keep up with inflation rates. So if we are saying that$4,173 is equivalent to $11,551.75 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 54 years. Value of$4,173 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
1918 $4,173.00 17.97% 1919$4,780.99 14.57%
1920 $5,527.15 15.61% 1921$4,946.80 -10.50%
1922 $4,642.81 -6.15% 1923$4,725.72 1.79%
1924 $4,725.72 0.00% 1925$4,836.26 2.34%
1926 $4,891.53 1.14% 1927$4,808.62 -1.69%
1928 $4,725.72 -1.72% 1929$4,725.72 0.00%
1930 $4,615.17 -2.34% 1931$4,200.64 -8.98%
1932 $3,786.10 -9.87% 1933$3,592.65 -5.11%
1934 $3,703.19 3.08% 1935$3,786.10 2.24%
1936 $3,841.37 1.46% 1937$3,979.55 3.60%
1938 $3,896.64 -2.08% 1939$3,841.37 -1.42%
1940 $3,869.01 0.72% 1941$4,062.46 5.00%
1942 $4,504.63 10.88% 1943$4,780.99 6.13%
1944 $4,863.89 1.73% 1945$4,974.44 2.27%
1946 $5,388.97 8.33% 1947$6,162.77 14.36%
1948 $6,660.22 8.07% 1949$6,577.31 -1.24%
1950 $6,660.22 1.26% 1951$7,185.30 7.88%
1952 $7,323.48 1.92% 1953$7,378.75 0.75%
1954 $7,434.02 0.75% 1955$7,406.38 -0.37%
1956 $7,516.93 1.49% 1957$7,765.65 3.31%
1958 $7,986.74 2.85% 1959$8,042.01 0.69%
1960 $8,180.19 1.72% 1961$8,263.09 1.01%
1962 $8,346.00 1.00% 1963$8,456.54 1.32%
1964 $8,567.09 1.31% 1965$8,705.26 1.61%
1966 $8,953.99 2.86% 1967$9,230.34 3.09%
1968 $9,617.25 4.19% 1969$10,142.32 5.46%
1970 $10,722.68 5.72% 1971$11,192.48 4.38%