U.S. inflation rate in 1943: 6.13%

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U.S. Inflation Rate, 1943-2017 ($1)

The consumer price index (CPI) in 1943 was 17.3. 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 3.65% per year. Prices in 2017 are 1315.0% higher than prices in 1943.

In other words, $1 in the year 1943 is equivalent to $14.15 in 2017, a difference of $13.15 over 74 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 1943 to 2017
Cumulative price change 1315.00%
Average inflation rate 3.65%
Price difference ($1 base) $13.15
CPI in 1943 17.3
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Wireless telephone services · Gasoline (all types) · New trucks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1943

Start with the inflation rate formula:

CPI in 2017 / CPI in 1943 * 1943 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 17.3 in the year 1943 and 244.786 in 2017:

244.786 / 17.3 * $1 = $14.15

$1 in 1943 has the same "purchasing power" as $14.15 in 2017.


News headlines from 1943

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

  • German general, Friedrich von Paul surrenders to the Russians in Stalingrad.
  • The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
  • The Krakow Ghetto is liquidated by the Nazis.
  • The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
  • .
  • Himmler orders the extermination of all the Nazi ghettos in Poland

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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