According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.66% per year. Prices in 2018 are 1283.3% higher than prices in 1945.
In other words, $6,000 in the year 1945 is equivalent in purchasing power to $82,997.00 in 2018, a difference of $76,997.00 over 73 years.
|Cumulative price change||1283.28%|
|Average inflation rate||3.66%|
|Price difference ($6,000 base)||$76,997.00|
|CPI in 1945||18|
|CPI in 2018||248.991|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$6,000 in 1945 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Mar. 2018, http://www.in2013dollars.com/1945-dollars-in-2018?amount=6000.