Food priced at $1 in 1943 $0.99 in 1944

Food Inflation Calculator

$

Prices for Food, 1943-1944 ($1)

According to the U.S. Bureau of Labor Statistics, prices for food were 1.30% lower in 1944 versus 1943 (a $0.01 difference in value).

Between 1943 and 1944: Food experienced an average inflation rate of -1.30% per year. In other words, food costing $1 in the year 1943 would cost $0.99 in 1944 for an equivalent purchase. Compared to the overall inflation rate of 1.64% during this same period, inflation for food was lower.

In the year 1943: Pricing changed by 11.15%, which is significantly above the average yearly change for food during the 1943-1944 time period. Compared to inflation for all items in 1943 (5.98%), inflation for food was much higher.

Price Inflation for Food since 1913

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1917 (28.65%), 1921 (-24.20%), and 1947 (21.43%).

View price changes for other categories
Detroit, Michigan · Parking fees and tolls · Bananas · Admission to sporting events · More

Buying power of $1.00 since 1943

Below are calculations of equivalent buying power for Food, over time, for $1 beginning in 1943. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1943$1.0011.15%
1944$0.99-1.30%
1945$1.012.28%
1946$1.1614.80%
1947$1.4121.43%
1948$1.538.41%
1949$1.47-3.92%
1950$1.481.32%
1951$1.6511.15%
1952$1.681.77%
1953$1.65-1.58%
1954$1.65-0.11%
1955$1.63-1.50%
1956$1.640.75%
1957$1.693.21%
1958$1.764.31%
1959$1.73-1.68%
1960$1.761.19%
1961$1.781.15%
1962$1.790.89%
1963$1.821.43%
1964$1.841.31%
1965$1.882.22%
1966$1.985.07%
1967$1.990.75%
1968$2.063.61%
1969$2.175.14%
1970$2.295.64%
1971$2.362.94%
1972$2.464.31%
1973$2.8214.46%
1974$3.2214.40%
1975$3.508.49%
1976$3.603.07%
1977$3.836.30%
1978$4.219.98%
1979$4.6710.91%
1980$5.078.59%
1981$5.477.82%
1982$5.694.05%
1983$5.812.11%
1984$6.043.85%
1985$6.172.27%
1986$6.373.20%
1987$6.644.17%
1988$6.914.13%
1989$7.315.84%
1990$7.745.83%
1991$7.972.93%
1992$8.061.20%
1993$8.242.15%
1994$8.442.42%
1995$8.682.87%
1996$8.963.28%
1997$9.202.60%
1998$9.402.17%
1999$9.602.13%
2000$9.812.26%
2001$10.123.14%
2002$10.301.81%
2003$10.522.13%
2004$10.893.44%
2005$11.152.44%
2006$11.412.34%
2007$11.873.97%
2008$12.525.51%
2009$12.751.80%
2010$12.840.77%
2011$13.323.74%
2012$13.672.61%
2013$13.861.39%
2014$14.192.40%
2015$14.461.86%
2016$14.500.28%
2017$14.620.86%
2018$14.831.40%
2019$15.111.88%
2020$15.633.45%
2021$16.243.94%
2022$17.869.95%
2023$18.895.76%
2024$19.151.41%*

* 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 Food:

Year1913191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.92310.15410.05411.27714.50816.70018.57720.97715.90014.89215.38515.23116.50017.04616.43116.24616.45415.64612.90010.72310.41511.60812.45412.56913.08512.13811.82311.98513.07715.38517.10016.87717.26219.81524.06226.08525.06225.39228.22328.72328.26928.23827.81528.02328.92330.16929.66230.01530.36230.63131.06931.47732.17733.80834.06235.29237.10839.20040.35442.09248.17755.11559.79261.63165.51572.05479.91586.77793.56297.35499.408103.231105.569108.946113.485118.177125.077132.369136.254137.892140.862144.277148.415153.285157.277160.685164.100167.815173.085176.215179.977186.177190.723195.177202.916214.106217.955219.625227.842233.777237.037242.725247.235247.931250.065253.558258.316267.219277.756305.388322.965327.529

Adjust food prices for inflation

Start with the inflation rate formula:

CPI in 1944 / CPI in 1943 * 1943 USD value = 1944 USD value

Then plug in historical CPI values from above. The CPI for Food was 17.100 in the year 1943 and 16.877 in 1944:

16.877 / 17.100 * $1 = $0.99

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1943 has the same "purchasing power" as $0.99 in 1944 (in the CPI category of Food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food in 1913. In addition to food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.