# U.S. inflation rate in 1945: 2.27%

## Inflation Calculator

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### Inflation since 1945 and its effect on dollar value

The consumer price index (CPI) in 1945 was 18. It was 17.6 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 3.68% per year. Prices in 2018 are 1297.7% higher than prices in 1945.

In other words, \$100 in 1945 is equivalent in purchasing power to \$1,397.72 in 2018, a difference of \$1,297.72 over 73 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 1297.72% Average inflation rate 3.68% Converted amount (\$100 base) \$1,397.72 Price difference (\$100 base) \$1,297.72 CPI in 1945 18 CPI in 2018 251.59

#### Inflation rates for specific categories

Legal services · Gasoline (all types) · Juices and nonalcoholic drinks · More

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

### How to calculate the inflation rate for \$100 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 251.59 in 2018:

251.59 / 18 * \$100 = \$1,397.72

\$100 in 1945 has the same "purchasing power" or "buying power" as \$1,397.72 in 2018.

Here are calculations of buying power over time for \$100 in 1945 (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
1945 \$100.00 2.27%
1946 \$108.33 8.33%
1947 \$123.89 14.36%
1948 \$133.89 8.07%
1949 \$132.22 -1.24%
1950 \$133.89 1.26%
1951 \$144.44 7.88%
1952 \$147.22 1.92%
1953 \$148.33 0.75%
1954 \$149.44 0.75%
1955 \$148.89 -0.37%
1956 \$151.11 1.49%
1957 \$156.11 3.31%
1958 \$160.56 2.85%
1959 \$161.67 0.69%
1960 \$164.44 1.72%
1961 \$166.11 1.01%
1962 \$167.78 1.00%
1963 \$170.00 1.32%
1964 \$172.22 1.31%
1965 \$175.00 1.61%
1966 \$180.00 2.86%
1967 \$185.56 3.09%
1968 \$193.33 4.19%
1969 \$203.89 5.46%
1970 \$215.56 5.72%
1971 \$225.00 4.38%
1972 \$232.22 3.21%
1973 \$246.67 6.22%
1974 \$273.89 11.04%
1975 \$298.89 9.13%
1976 \$316.11 5.76%
1977 \$336.67 6.50%
1978 \$362.22 7.59%
1979 \$403.33 11.35%
1980 \$457.78 13.50%
1981 \$505.00 10.32%
1982 \$536.11 6.16%
1983 \$553.33 3.21%
1984 \$577.22 4.32%
1985 \$597.78 3.56%
1986 \$608.89 1.86%
1987 \$631.11 3.65%
1988 \$657.22 4.14%
1989 \$688.89 4.82%
1990 \$726.11 5.40%
1991 \$756.67 4.21%
1992 \$779.44 3.01%
1993 \$802.78 2.99%
1994 \$823.33 2.56%
1995 \$846.67 2.83%
1996 \$871.67 2.95%
1997 \$891.67 2.29%
1998 \$905.56 1.56%
1999 \$925.56 2.21%
2000 \$956.67 3.36%
2001 \$983.89 2.85%
2002 \$999.44 1.58%
2003 \$1,022.22 2.28%
2004 \$1,049.44 2.66%
2005 \$1,085.00 3.39%
2006 \$1,120.00 3.23%
2007 \$1,151.90 2.85%
2008 \$1,196.13 3.84%
2009 \$1,191.87 -0.36%
2010 \$1,211.42 1.64%
2011 \$1,249.66 3.16%
2012 \$1,275.52 2.07%
2013 \$1,294.21 1.46%
2014 \$1,315.20 1.62%
2015 \$1,316.76 0.12%
2016 \$1,333.37 1.26%
2017 \$1,359.92 1.99%
2018 \$1,397.72 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:

• 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: “Inflation Rate in 1945 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/inflation-rate-in-1945.