# \$500,000 in 1945 → \$6,885,194.44 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1945-2018 (\$500,000)

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 1277.0% higher than prices in 1945.

In other words, \$500,000 in the year 1945 is equivalent in purchasing power to \$6,885,194.44 in 2018, a difference of \$6,385,194.44 over 73 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$500,000 today will be equivalent to \$506,293.25 next year.

 Cumulative price change 1277.04% Average inflation rate 3.66% Price difference (\$500,000 base) \$6,385,194.44 CPI in 1945 18 CPI in 2018 247.867

#### Inflation rates for specific categories

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

### How to calculate the inflation rate for \$500,000 since 1945

CPI in 2018 / CPI in 1945 * 1945 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 18 in the year 1945 and 247.867 in 2018:

247.867 / 18 * \$500,000 = \$6,885,194.44

\$500,000 in 1945 has the same "purchasing power" as \$6,885,194.44 in 2018.

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

• The USSR captures Budapest from Germany in a battle that kills 159,000 people.
• The US Fleet captures Iwo Jima.
• 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
• Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
• 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: “\$500,000 in 1945 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1945-dollars?amount=500000.