Chicago, Illinois prices: $100 in 1944 $102.14 in 1945

Inflation in Illinois

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Prices in Chicago, 1944-1945 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois were 2.14% higher in 1945 versus 1944 (a $2.14 difference in value).

Between 1944 and 1945: Chicago experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, $100 in Chicago in the year 1944 would cost $102.14 in 1945 for an equivalent purchase. Compared to the overall inflation rate of 2.27% during this same period, inflation in Chicago was lower.

In the year 1944: Pricing changed by 1.53%, which is below the average yearly change in Chicago during the 1944-1945 time period. Compared to inflation for all items in 1944 (1.64%), inflation in Chicago was lower.

Price Inflation in Chicago, Illinois since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.36%), 1920 (19.10%), and 1918 (16.80%).

View price changes for other categories
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Buying power of $100.00 since 1944

Below are calculations of equivalent buying power in Chicago, over time, for $100 beginning in 1944. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1944$100.001.53%
1945$102.142.14%
1946$111.258.92%
1947$129.2316.16%
1948$140.488.71%
1949$140.33-0.10%
1950$141.741.01%
1951$152.907.87%
1952$156.212.17%
1953$157.570.87%
1954$159.911.48%
1955$160.980.67%
1956$163.221.39%
1957$168.533.25%
1958$173.653.03%
1959$175.060.81%
1960$177.501.39%
1961$178.370.49%
1962$180.221.04%
1963$182.031.00%
1964$182.760.40%
1965$185.191.33%
1966$190.753.00%
1967$195.712.60%
1968$203.994.23%
1969$215.155.47%
1970$227.475.73%
1971$236.433.94%
1972$243.162.84%
1973$258.406.27%
1974$285.7310.57%
1975$308.287.89%
1976$323.044.79%
1977$343.356.29%
1978$373.218.70%
1979$419.7812.48%
1980$480.3214.42%
1981$526.309.57%
1982$562.206.82%
1983$584.613.99%
1984$606.673.77%
1985$629.573.77%
1986$642.722.09%
1987$669.224.12%
1988$695.373.91%
1989$730.545.06%
1990$769.805.37%
1991$801.024.06%
1992$824.502.93%
1993$849.933.08%
1994$868.532.19%
1995$896.153.18%
1996$920.122.67%
1997$945.302.74%
1998$964.342.01%
1999$984.322.07%
2000$1,015.933.21%
2001$1,042.382.60%
2002$1,058.991.59%
2003$1,078.471.84%
2004$1,102.582.24%
2005$1,135.953.03%
2006$1,159.232.05%
2007$1,197.183.27%
2008$1,242.293.77%
2009$1,227.44-1.20%
2010$1,244.251.37%
2011$1,278.232.73%
2012$1,297.641.52%
2013$1,312.491.14%
2014$1,335.421.75%
2015$1,331.47-0.30%
2016$1,340.290.66%
2017$1,365.481.88%
2018$1,389.421.75%
2019$1,409.731.46%
2020$1,425.461.12%
2021$1,485.594.22%
2022$1,597.797.55%
2023$1,650.953.33%
2024$1,675.841.51%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI10.00010.01710.31711.75813.73316.66719.85018.17517.16717.37517.71718.10818.42518.25817.69217.65017.45815.95814.08312.63312.71713.26713.53314.09213.99213.71713.79214.51715.95816.85017.10817.47519.03322.10824.03324.00824.25026.15826.72526.95827.35827.54227.92528.83329.70829.95030.36730.51730.83331.14231.26731.68332.63333.48334.90036.80838.91740.45041.60044.20848.88352.74255.26758.74263.85071.81782.17590.04296.183100.017103.792107.708109.958114.492118.967124.983131.700137.042141.058145.408148.592153.317157.417161.725164.983168.400173.808178.333181.175184.508188.633194.342198.325204.818212.536209.995212.870218.684222.005224.545228.468227.792229.302233.611237.706241.181243.873254.159273.356282.450286.708

Adjust Chicago prices for inflation

Start with the inflation rate formula:

CPI in 1945 / CPI in 1944 * 1944 USD value = 1945 USD value

Then plug in historical CPI values from above. The CPI for Chicago, Illinois was 17.108 in the year 1944 and 17.475 in 1945:

17.475 / 17.108 * $100 = $102.14

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1944 has the same "purchasing power" as $102.14 in 1945 (in the CPI category of Chicago, Illinois).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Chicago, Illinois in 1914. In addition to Chicago, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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