Also this way of framing "As of February 2026, the US dollar has lost 96.9% of its purchasing power relative to January 1914. This means that $100 in 1914 would buy only approximately $3.05 worth of goods today" is of course math-correct but difficult to understand intuitively.
I think it makes more sense to explain it in the opposite direction or in both directions: "$100 in 1914 would buy only approximately $3.05 worth of goods today, or equivalently, $100 in 1914 is worth ~ $3278 nowdays (because 100 / 3.05 ~= 32.78 "
This also makes it easier to understand that the term "millionaire == person that has 1 million USD" only makes sense around 1914, because the equivalent amount of wealth nowdays would be "millionaire == person that has 32 million USD"
Anyways, I liked a lot this visualization https://mlde8o0xa4ew.i.optimole.com/cb:VNTn.d9a/w:auto/h:aut... that visualizes the compression in time of the big value changes.