$11,618 in 1922 is worth$22,406.14 in 1966

$11,618 in 1922 has the same purchasing power as$22,406.14 in 1966. Over the 44 years this is a change of $10,788.14. The average inflation rate of the dollar between 1922 and 1966 was 1.42% per year. The cumulative price increase of the dollar over this time was 92.86%. The value of$11,618 from 1922 to 1966

So what does this data mean? It means that the prices in 1966 are 224.06 higher than the average prices since 1922. A dollar in 1966 can buy 51.85% of what it could buy in 1922.

We can look at the buying power equivalent for $11,618 in 1922 to see how much you would need to adjust for in order to beat inflation. For 1922 to 1966, if you started with$11,618 in 1922, you would need to have $22,406.14 in 1922 to keep up with inflation rates. So if we are saying that$11,618 is equivalent to $22,406.14 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 44 years. Value of$11,618 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
1922 $11,618.00 -6.15% 1923$11,825.46 1.79%
1924 $11,825.46 0.00% 1925$12,102.08 2.34%
1926 $12,240.39 1.14% 1927$12,032.93 -1.69%
1928 $11,825.46 -1.72% 1929$11,825.46 0.00%
1930 $11,548.85 -2.34% 1931$10,511.52 -8.98%
1932 $9,474.20 -9.87% 1933$8,990.12 -5.11%
1934 $9,266.74 3.08% 1935$9,474.20 2.24%
1936 $9,612.51 1.46% 1937$9,958.29 3.60%
1938 $9,750.82 -2.08% 1939$9,612.51 -1.42%
1940 $9,681.67 0.72% 1941$10,165.75 5.00%
1942 $11,272.23 10.88% 1943$11,963.77 6.13%
1944 $12,171.24 1.73% 1945$12,447.86 2.27%
1946 $13,485.18 8.33% 1947$15,421.51 14.36%
1948 $16,666.30 8.07% 1949$16,458.83 -1.24%
1950 $16,666.30 1.26% 1951$17,980.24 7.88%
1952 $18,326.01 1.92% 1953$18,464.32 0.75%
1954 $18,602.63 0.75% 1955$18,533.48 -0.37%
1956 $18,810.10 1.49% 1957$19,432.49 3.31%
1958 $19,985.73 2.85% 1959$20,124.04 0.69%
1960 $20,469.81 1.72% 1961$20,677.27 1.01%
1962 $20,884.74 1.00% 1963$21,161.36 1.32%
1964 $21,437.98 1.31% 1965$21,783.75 1.61%