# U.S. inflation rate in 1943: 6.13%

## Inflation Calculator

\$

### Inflation since 1943 and its effect on dollar value

The consumer price index (CPI) in 1943 was 17.3. It was 16.3 in the previous year. This change in CPI is used by the Bureau of Labor Statistics to calculate inflation.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.63% per year. Prices in 2018 are 1354.3% higher than prices in 1943.

In other words, \$100 in 1943 is equivalent in purchasing power to \$1,454.28 in 2018, a difference of \$1,354.28 over 75 years.

The current inflation rate is now 2.80%1. If this number holds, \$100 today will be equivalent to \$102.80 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1354.28% Average inflation rate 3.63% Converted amount (\$100 base) \$1,454.28 Price difference (\$100 base) \$1,354.28 CPI in 1943 17.3 CPI in 2018 251.59

The above data describe the CPI for all items. Also of note is U.S. "Core Inflation," which measures the CPI for all items except for the more volatile categories of food and energy. Core inflation averaged NaN% per year between 1943 and 2018. In 1943, core inflation was 0.00%.

#### Inflation rates for specific categories

Educational books and supplies · Electricity · Rent of primary residence · More

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

### How to calculate the inflation rate for \$100 since 1943

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1943 * 1943 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 17.3 in the year 1943 and 251.59 in 2018:

251.59 / 17.3 * \$100 = \$1,454.28

\$100 in 1943 has the same "purchasing power" or "buying power" as \$1,454.28 in 2018.

### Buying power of \$100 since 1943

Below are calculations of buying power over time for \$100 in 1943 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1943 \$100.00 6.13%
1944 \$101.73 1.73%
1945 \$104.05 2.27%
1946 \$112.72 8.33%
1947 \$128.90 14.36%
1948 \$139.31 8.07%
1949 \$137.57 -1.24%
1950 \$139.31 1.26%
1951 \$150.29 7.88%
1952 \$153.18 1.92%
1953 \$154.34 0.75%
1954 \$155.49 0.75%
1955 \$154.91 -0.37%
1956 \$157.23 1.49%
1957 \$162.43 3.31%
1958 \$167.05 2.85%
1959 \$168.21 0.69%
1960 \$171.10 1.72%
1961 \$172.83 1.01%
1962 \$174.57 1.00%
1963 \$176.88 1.32%
1964 \$179.19 1.31%
1965 \$182.08 1.61%
1966 \$187.28 2.86%
1967 \$193.06 3.09%
1968 \$201.16 4.19%
1969 \$212.14 5.46%
1970 \$224.28 5.72%
1971 \$234.10 4.38%
1972 \$241.62 3.21%
1973 \$256.65 6.22%
1974 \$284.97 11.04%
1975 \$310.98 9.13%
1976 \$328.90 5.76%
1977 \$350.29 6.50%
1978 \$376.88 7.59%
1979 \$419.65 11.35%
1980 \$476.30 13.50%
1981 \$525.43 10.32%
1982 \$557.80 6.16%
1983 \$575.72 3.21%
1984 \$600.58 4.32%
1985 \$621.97 3.56%
1986 \$633.53 1.86%
1987 \$656.65 3.65%
1988 \$683.82 4.14%
1989 \$716.76 4.82%
1990 \$755.49 5.40%
1991 \$787.28 4.21%
1992 \$810.98 3.01%
1993 \$835.26 2.99%
1994 \$856.65 2.56%
1995 \$880.92 2.83%
1996 \$906.94 2.95%
1997 \$927.75 2.29%
1998 \$942.20 1.56%
1999 \$963.01 2.21%
2000 \$995.38 3.36%
2001 \$1,023.70 2.85%
2002 \$1,039.88 1.58%
2003 \$1,063.58 2.28%
2004 \$1,091.91 2.66%
2005 \$1,128.90 3.39%
2006 \$1,165.32 3.23%
2007 \$1,198.51 2.85%
2008 \$1,244.53 3.84%
2009 \$1,240.10 -0.36%
2010 \$1,260.44 1.64%
2011 \$1,300.23 3.16%
2012 \$1,327.13 2.07%
2013 \$1,346.57 1.46%
2014 \$1,368.42 1.62%
2015 \$1,370.04 0.12%
2016 \$1,387.32 1.26%
2017 \$1,414.95 1.99%
2018 \$1,454.28 2.78%*
* Not final. See inflation summary for latest details.

Politics and news often influence economic performance. Here's what was happening at the time:

• German general Friedrich von Paul surrenders to the Russians in Stalingrad.
• The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
• The Krakow Ghetto is liquidated by the Nazis.
• The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
• Himmler orders the extermination of all the Nazi ghettos in Poland.

### Data Source & Citation

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: “Inflation Rate in 1943 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/inflation-rate-in-1943.