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, $20 in the year 1945 is equivalent in purchasing power to $277.28 in 2018, a difference of $257.28 over 73 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $20 today would be equivalent to $20.39 next year. The current inflation rate page gives more detail on the latest official inflation rates.
|Cumulative price change||1286.40%|
|Average inflation rate||3.67%|
|Price difference ($20 base)||$257.28|
|CPI in 1945||18|
|CPI in 2018||249.554|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$20 in 1945 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1945-dollars?amount=20.