Wednesday, March 2, 2022

In 1882 $100 would be worth $2,756.35 today

I was watching the latest episode of "The Gilded Age" and decided to see how much $100 dollars would be worth today since it was offered by Mrs. Russell to a next door butler to manage a luncheon for one day. The episode is: "Heads have rolled for less".

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 $100 in 1882 is worth $2,756.35 today

$100 in 1882 is equivalent in purchasing power to about $2,756.35 today, an increase of $2,656.35 over 140 years. The dollar had an average inflation rate of 2.40% per year between 1882 and today, producing a cumulative price increase of 2,656.35%.

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