Calculate the Value of $980 in 1923

What is $980 in 1923 worth in today's money?
Amount
$
From
To
$16,167
Adjusted for inflation, $980 in 1923 is equal to $16,167 in 2022.
Annual inflation over this period was 2.87%.
Value of a dollar. Calculates inflation to see what a U.S. dollar was worth in the past and today. View historical and today's current inflation rates, using the CPI provided by the United States government. Inflation data is updated regularly, so results may differ from other websites. How much has the cost of living increased? What was inflation for a specific period?
How much is $980 in 1923 dollars worth?
Year Equivalent
2022 $16,167
2021 $15,104
2020 $14,901
2019 $14,569
2018 $14,295
2017 $14,000
2016 $13,716
2015 $13,616
2014 $13,514
2013 $13,314
2012 $13,086
2011 $12,710
2010 $12,522
2009 $12,191
2008 $12,180
2007 $11,702
2006 $11,412
2005 $11,035
2004 $10,687
2003 $10,490
2002 $10,247
2001 $10,090
2000 $9,759
1999 $9,504
1998 $9,353
1997 $9,197
1996 $8,901
1995 $8,681
Year Equivalent
1994 $8,455
1993 $8,229
1992 $7,997
1991 $7,759
1990 $7,312
1989 $6,988
1988 $6,692
1987 $6,408
1986 $6,338
1985 $6,106
1984 $5,874
1983 $5,660
1982 $5,451
1981 $5,004
1980 $4,448
1979 $3,926
1978 $3,601
1977 $3,375
1976 $3,218
1975 $3,010
1974 $2,679
1973 $2,464
1972 $2,383
1971 $2,308
1970 $2,186
1969 $2,059
1968 $1,966
1967 $1,908
Year Equivalent
1966 $1,844
1965 $1,809
1964 $1,792
1963 $1,763
1962 $1,740
1961 $1,728
1960 $1,705
1959 $1,676
1958 $1,647
1957 $1,600
1956 $1,554
1955 $1,548
1954 $1,560
1953 $1,548
1952 $1,537
1951 $1,450
1950 $1,369
1949 $1,398
1948 $1,357
1947 $1,247
1946 $1,055
1945 $1,032
1944 $1,009
1943 $980
1942 $899
1941 $818
1940 $812
1939 $812
Year Equivalent
1938 $835
1937 $812
1936 $800
1935 $777
1934 $765
1933 $760
1932 $847
1931 $934
1930 $997
1929 $992
1928 $1,003
1927 $1,026
1926 $1,038
1925 $1,003
1924 $1,003
1923 $980
1922 $1,003
1921 $1,125
1920 $1,096
1919 $957
1918 $794
1917 $673
1916 $597
1915 $586
1914 $580