# \$1 in 1940 → \$17.48 in 2017

## Inflation Calculator

\$

### U.S. Inflation Rate, 1940-2017 (\$1)

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.79% per year. Prices in 2017 are 1648.0% higher than prices in 1940.

In other words, \$1 in the year 1940 is equivalent to \$17.48 in 2017, a difference of \$16.48 over 77 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, \$1 today will be equivalent to \$1.02 next year.

 Cumulative price change 1648.00% Average inflation rate 3.79% Price difference (\$1 base) \$16.48 CPI in 1940 14 CPI in 2017 244.786

#### Inflation rates for specific categories

College tuition and fees · Bread · Gasoline (all types) · More

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

### How to calculate the inflation rate for \$1 since 1940

CPI in 2017 / CPI in 1940 * 1940 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 14 in the year 1940 and 244.786 in 2017:

244.786 / 14 * \$1 = \$17.48

\$1 in 1940 has the same "purchasing power" as \$17.48 in 2017.

### 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: “\$1 in 1940 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 11 Dec. 2017, http://www.in2013dollars.com/1940-in-2016-dollars?amount=1.