# \$3,000 in 1945 → \$41,592.33 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1945-2018 (\$3,000)

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, \$3,000 in the year 1945 is equivalent in purchasing power to \$41,592.33 in 2018, a difference of \$38,592.33 over 73 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$3,000 today would be equivalent to \$3,058.43 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 (\$3,000 base) \$38,592.33 CPI in 1945 18 CPI in 2018 249.554

#### Inflation rates for specific categories

Women's apparel · Wireless telephone services · Fresh fruits · More

#### Inflation-adjusted measures

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

### How to calculate the inflation rate for \$3,000 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 * \$3,000 = \$41,592.33

\$3,000 in 1945 has the same "purchasing power" as \$41,592.33 in 2018.

### News headlines from 1945

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: “\$3,000 in 1945 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1945-dollars?amount=3000.