According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,696.60% higher in 2024 versus 1942 (a $84,830,182,767,624 difference in value).
Between 1942 and 2024: Chicago experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, $5,000,000,000,000 in Chicago in the year 1942 would cost $89,830,182,767,624 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation in Chicago was lower.
In the year 1942: Pricing changed by 9.93%, which is significantly above the average yearly change in Chicago during the 1942-2024 time period. Compared to inflation for all items in 1942 (10.92%), inflation in Chicago was lower.
Below are calculations of equivalent buying power in Chicago, over time, for $5,000,000,000,000 beginning in 1942. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1942 | $5,000,000,000,000.00 | 9.93% |
1943 | $5,279,373,368,146.21 | 5.59% |
1944 | $5,360,313,315,926.89 | 1.53% |
1945 | $5,475,195,822,454.31 | 2.14% |
1946 | $5,963,446,475,195.82 | 8.92% |
1947 | $6,926,892,950,391.65 | 16.16% |
1948 | $7,530,026,109,660.57 | 8.71% |
1949 | $7,522,193,211,488.25 | -0.10% |
1950 | $7,597,911,227,154.05 | 1.01% |
1951 | $8,195,822,454,308.09 | 7.87% |
1952 | $8,373,368,146,214.10 | 2.17% |
1953 | $8,446,475,195,822.45 | 0.87% |
1954 | $8,571,801,566,579.64 | 1.48% |
1955 | $8,629,242,819,843.34 | 0.67% |
1956 | $8,749,347,258,485.64 | 1.39% |
1957 | $9,033,942,558,746.73 | 3.25% |
1958 | $9,308,093,994,778.07 | 3.03% |
1959 | $9,383,812,010,443.86 | 0.81% |
1960 | $9,514,360,313,315.93 | 1.39% |
1961 | $9,561,357,702,349.87 | 0.49% |
1962 | $9,660,574,412,532.64 | 1.04% |
1963 | $9,757,180,156,657.96 | 1.00% |
1964 | $9,796,344,647,519.58 | 0.40% |
1965 | $9,926,892,950,391.65 | 1.33% |
1966 | $10,224,543,080,939.95 | 3.00% |
1967 | $10,490,861,618,798.96 | 2.60% |
1968 | $10,934,725,848,563.97 | 4.23% |
1969 | $11,532,637,075,718.02 | 5.47% |
1970 | $12,193,211,488,250.65 | 5.73% |
1971 | $12,673,629,242,819.84 | 3.94% |
1972 | $13,033,942,558,746.74 | 2.84% |
1973 | $13,851,174,934,725.85 | 6.27% |
1974 | $15,315,926,892,950.39 | 10.57% |
1975 | $16,524,804,177,545.69 | 7.89% |
1976 | $17,315,926,892,950.40 | 4.79% |
1977 | $18,404,699,738,903.39 | 6.29% |
1978 | $20,005,221,932,114.88 | 8.70% |
1979 | $22,501,305,483,028.72 | 12.48% |
1980 | $25,746,736,292,428.20 | 14.42% |
1981 | $28,211,488,250,652.74 | 9.57% |
1982 | $30,135,770,234,986.95 | 6.82% |
1983 | $31,336,814,621,409.92 | 3.99% |
1984 | $32,519,582,245,430.81 | 3.77% |
1985 | $33,746,736,292,428.20 | 3.77% |
1986 | $34,451,697,127,937.33 | 2.09% |
1987 | $35,872,062,663,185.38 | 4.12% |
1988 | $37,274,151,436,031.33 | 3.91% |
1989 | $39,159,268,929,503.92 | 5.06% |
1990 | $41,263,707,571,801.57 | 5.37% |
1991 | $42,937,336,814,621.41 | 4.06% |
1992 | $44,195,822,454,308.09 | 2.93% |
1993 | $45,558,746,736,292.42 | 3.08% |
1994 | $46,556,135,770,234.98 | 2.19% |
1995 | $48,036,553,524,804.18 | 3.18% |
1996 | $49,321,148,825,065.27 | 2.67% |
1997 | $50,671,018,276,762.40 | 2.74% |
1998 | $51,691,906,005,221.93 | 2.01% |
1999 | $52,762,402,088,772.84 | 2.07% |
2000 | $54,456,919,060,052.20 | 3.21% |
2001 | $55,874,673,629,242.82 | 2.60% |
2002 | $56,765,013,054,830.27 | 1.59% |
2003 | $57,809,399,477,806.78 | 1.84% |
2004 | $59,101,827,676,240.20 | 2.24% |
2005 | $60,890,339,425,587.47 | 3.03% |
2006 | $62,138,381,201,044.39 | 2.05% |
2007 | $64,172,610,966,057.44 | 3.27% |
2008 | $66,590,783,289,817.23 | 3.77% |
2009 | $65,794,804,177,545.69 | -1.20% |
2010 | $66,695,691,906,005.22 | 1.37% |
2011 | $68,517,232,375,979.11 | 2.73% |
2012 | $69,557,624,020,887.72 | 1.52% |
2013 | $70,353,577,023,498.69 | 1.14% |
2014 | $71,582,584,856,396.86 | 1.75% |
2015 | $71,370,966,057,441.23 | -0.30% |
2016 | $71,843,890,339,425.58 | 0.66% |
2017 | $73,194,151,436,031.33 | 1.88% |
2018 | $74,477,154,046,997.39 | 1.75% |
2019 | $75,565,744,125,326.36 | 1.46% |
2020 | $76,409,216,710,182.77 | 1.12% |
2021 | $79,632,088,772,845.95 | 4.22% |
2022 | $85,646,814,621,409.92 | 7.55% |
2023 | $88,495,926,892,950.39 | 3.33% |
2024 | $89,830,182,767,624.00 | 1.51%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 286.708 |