U.S. inflation rate in 1941: 5.00%

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U.S. Inflation Rate, 1941-2017 ($1)

The consumer price index (CPI) in 1941 was 14.7. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.77% per year. Prices in 2017 are 1565.0% higher than prices in 1941.

In other words, $1 in the year 1941 is equivalent to $16.65 in 2017, a difference of $15.65 over 76 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1941 to 2017
Cumulative price change 1565.00%
Average inflation rate 3.77%
Price difference ($1 base) $15.65
CPI in 1941 14.7
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Indoor plants and flowers · Fish and seafood · Educational books and supplies · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1941

Start with the inflation rate formula:

CPI in 2017 / CPI in 1941 * 1941 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 14.7 in the year 1941 and 244.786 in 2017:

244.786 / 14.7 * $1 = $16.65

The "purchasing power" of $1 from 1941 is $16.65 in 2017.


News headlines from 1941

Politics and news often play an important role in economic performance.

  • 6,000 Jews are exterminated in the Bucharest pogrom in Romania.
  • Kuomintang troops open fire at communist forces, leading to the resumption of the Chinese civil war.
  • The British battle cruiser the HMS Hood is sunk by the German Battleship Bismarck, leading to 1,416 dead and only 3 survivors.
  • Germany, Italy and Romania declare war on the Soviet Union.

Inflation Data Source: 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.


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