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 1277.1% higher than prices in 1945.
In other words, $20 in the year 1945 is equivalent in purchasing power to $275.41 in 2018, a difference of $255.41 over 73 years.
|Cumulative price change||1277.05%|
|Average inflation rate||3.66%|
|Price difference ($20 base)||$255.41|
|CPI in 1945||18|
|CPI in 2018||247.867|
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: “$20 in 1945 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018, http://www.in2013dollars.com/1945-dollars?amount=20.