U.S. Equities vs Inflation
U.S. equities with dividends reinvested, measured against consumer prices.
U.S. Large-Cap Equity Composite (total return)
+6,721,296.6%
Robert J. Shiller, Yale University
US Consumer Prices
+3,307.7%
U.S. Bureau of Labor Statistics
One u.s. large-cap equity composite (total return), priced in us consumer prices
3.43e+5
was 174 in January 1913
Logarithmic scale — each gridline is ten times the one below. These series span more than two orders of magnitude, which a linear axis would flatten into a single line.
The comparison begins in January 1913 because that is the first period in which both series exist. Values before then are not estimated. One u.s. large-cap equity composite (total return) bought 174 of us consumer prices at the start of this period and 3.43e+5 at the end.