# \$1 in 1945 → \$13.60 in 2017

## Inflation Calculator

\$

### U.S. Inflation Rate, 1945-2017 (\$1)

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.69% per year. Prices in 2017 are 1260.0% higher than prices in 1945.

In other words, \$1 in the year 1945 is equivalent to \$13.60 in 2017, a difference of \$12.60 over 72 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 1260.00% Average inflation rate 3.69% Price difference (\$1 base) \$12.60 CPI in 1945 18 CPI in 2017 244.786

#### Inflation rates for specific categories

Wireless telephone services · New trucks · Dental services · More

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

### How to calculate the inflation rate for \$1 since 1945

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 244.786 in 2017:

244.786 / 18 * \$1 = \$13.60

\$1 in 1945 has the same "purchasing power" as \$13.60 in 2017.

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

• 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

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 1945 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 11 Dec. 2017, http://www.in2013dollars.com/1945-dollars-in-2017?amount=1.