$1 in 1945 → $13.58 in 2017

The U.S. dollar experienced an average inflation rate of 3.69% per year between 1945 and 2017. $1 in the year 1945 is worth $13.58 in 2017.

The current inflation rate in 2017 is 1.88%1.


U.S. inflation from 1913 to 2017


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How to calculate the inflation rate since 1945

Start with the CPI inflation formula:

CPI in 2017 / CPI in 1945 * 1945 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 18 in the year 1945 and 244.524 in 2017:

244.524 / 18 * $1 = $13.58

The "purchasing power" of $1 from 1945 is $13.58 in 2017.


News headlines from 1945

Politics and news often play an important role in economic performance.

  • The USSR, captures Budapest from Germany, in a battle which kills 159,000 people.
  • The US Fleet captures Ivo Jima.
  • 1500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
  • Iwo Jima is occupied by America, costing 6000 American lives and a further 18,000 Japanese.
  • Buchenwald, the first Nazi concentration camp, is liberated.


Inflation Data Source: The Bureau of Labor Statistics' annual (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.


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