# \$10,000,000 in 1945 → \$138,641,111.11 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1945-2018 (\$10,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.67% per year. Prices in 2018 are 1286.4% higher than prices in 1945.

In other words, \$10,000,000 in the year 1945 is equivalent in purchasing power to \$138,641,111.11 in 2018, a difference of \$128,641,111.11 over 73 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$10,000,000 today would be equivalent to \$10,194,782.38 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1286.41% Average inflation rate 3.67% Price difference (\$10,000,000 base) \$128,641,111.11 CPI in 1945 18 CPI in 2018 249.554

#### Inflation rates for specific categories

Housing · Fish and seafood · Indoor plants and flowers · More

S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$10,000,000 since 1945

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1945 * 1945 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 18 in the year 1945 and 249.554 in 2018:

249.554 / 18 * \$10,000,000 = \$138,641,111.11

\$10,000,000 in 1945 has the same "purchasing power" as \$138,641,111.11 in 2018.

Politics and news often influence economic performance. Here's what was happening at the time:

• The USSR captures Budapest from Germany in a battle that kills 159,000 people.
• The US Fleet captures Iwo Jima.
• 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
• Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
• Buchenwald, the first Nazi concentration camp, is liberated.

### Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “\$10,000,000 in 1945 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 28 May. 2018, https://www.officialdata.org/1945-dollars?amount=10000000.