U.S. inflation rate in 1941: 5.00%

Inflation Calculator


U.S. Inflation Rate, 1941-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.74% per year. Prices in 2018 are 1594.0% higher than prices in 1941.

In other words, $1 in the year 1941 is equivalent in purchasing power to $16.94 in 2018, a difference of $15.94 over 77 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1941 to 2018
Cumulative price change 1594.00%
Average inflation rate 3.74%
Price difference ($1 base) $15.94
CPI in 1941 14.7
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Hospital services · Indoor plants and flowers · Rent of primary residence · 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 2018 / CPI in 1941 * 1941 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 14.7 in the year 1941 and 248.991 in 2018:

248.991 / 14.7 * $1 = $16.94

$1 in 1941 has the same "purchasing power" as $16.94 in 2018.

News headlines from 1941

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

  • 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

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: “Inflation Rate in 1941 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1941.

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