# \$3 in 1950 → \$31.06 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1950-2018 (\$3)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.50% per year. Prices in 2018 are 935.3% higher than prices in 1950.

In other words, \$3 in the year 1950 is equivalent in purchasing power to \$31.06 in 2018, a difference of \$28.06 over 68 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$3 today would be equivalent to \$3.06 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 935.33% Average inflation rate 3.50% Price difference (\$3 base) \$28.06 CPI in 1950 24.1 CPI in 2018 249.554

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### How to calculate the inflation rate for \$3 since 1950

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1950 * 1950 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 249.554 in 2018:

249.554 / 24.1 * \$3 = \$31.06

\$3 in 1950 has the same "purchasing power" as \$31.06 in 2018.