U.S. inflation rate in 1942: 10.88%

Inflation Calculator


U.S. Inflation Rate, 1942-2018 ($1)

The consumer price index (CPI) in 1942 was 16.3. 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 3.65% per year. Prices in 2018 are 1421.0% higher than prices in 1942.

In other words, $1 in the year 1942 is equivalent in purchasing power to $15.21 in 2018, a difference of $14.21 over 76 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1942 to 2018
Cumulative price change 1421.00%
Average inflation rate 3.65%
Price difference ($1 base) $14.21
CPI in 1942 16.3
CPI in 2018 247.867

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Gasoline (all types) · Housing · Fish and seafood · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1942

Start with the inflation rate formula:

CPI in 2018 / CPI in 1942 * 1942 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 16.3 in the year 1942 and 247.867 in 2018:

247.867 / 16.3 * $1 = $15.21

$1 in 1942 has the same "purchasing power" as $15.21 in 2018.

News headlines from 1942

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

  • The 28 nations at war with Axis powers pledge not to make separate peace deals with them.
  • Wannsee conference takes place in Berlin:,Nazi officials organize the extermination of the European Jews', which is now known as the "final solution".
  • Anne Frank gets a diary for her birthday.

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 1942 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/inflation-rate-in-1942.

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