\$3,000 in 1950 → \$31,064.81 in 2018

Inflation Calculator

\$

U.S. Inflation Rate, 1950-2018 (\$3,000)

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 935.5% higher than prices in 1950.

In other words, \$3,000 in the year 1950 is equivalent in purchasing power to \$31,064.81 in 2018, a difference of \$28,064.81 over 68 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$3,000 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 935.49% Average inflation rate 3.50% Price difference (\$3,000 base) \$28,064.81 CPI in 1950 24.1 CPI in 2018 249.554

Inflation rates for specific categories

Bananas · Film and photographic supplies · Legal services · More

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

How to calculate the inflation rate for \$3,000 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 * \$3,000 = \$31,064.81

\$3,000 in 1950 has the same "purchasing power" as \$31,064.81 in 2018.