# \$3,000 in 1950 → \$30,854.81 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1950-2018 (\$3,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.49% per year. Prices in 2018 are 928.5% higher than prices in 1950.

In other words, \$3,000 in the year 1950 is equivalent in purchasing power to \$30,854.81 in 2018, a difference of \$27,854.81 over 68 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$3,000 today will be equivalent to \$3,037.76 next year.

 Cumulative price change 928.49% Average inflation rate 3.49% Price difference (\$3,000 base) \$27,854.81 CPI in 1950 24.1 CPI in 2018 247.867

#### Inflation rates for specific categories

Alcoholic beverages · Gasoline (all types) · Wine at home · More

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

### How to calculate the inflation rate for \$3,000 since 1950

CPI in 2018 / CPI in 1950 * 1950 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 247.867 in 2018:

247.867 / 24.1 * \$3,000 = \$30,854.81

\$3,000 in 1950 has the same "purchasing power" as \$30,854.81 in 2018.

### News headlines from 1950

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

• Jerusalem is proclaimed the capital of Israel by Knesset
• North Korea invades South Korea.
• Harry Truman announces that America will seek to develop a hydrogen bomb.
• Chinese forces occupy Tibet.

### 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: “\$3,000 in 1950 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1950-dollars?amount=3000.