U.S. inflation rate in 1943: 6.13%

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U.S. Inflation Rate, 1943-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.61% per year. Prices in 2018 are 1333.0% higher than prices in 1943.

In other words, $1 in the year 1943 is equivalent in purchasing power to $14.33 in 2018, a difference of $13.33 over 75 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 1943 to 2018
Cumulative price change 1333.00%
Average inflation rate 3.61%
Price difference ($1 base) $13.33
CPI in 1943 17.3
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Rent of primary residence · Jewelry · Bread · 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 2018 / CPI in 1943 * 1943 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 17.3 in the year 1943 and 247.867 in 2018:

247.867 / 17.3 * $1 = $14.33

$1 in 1943 has the same "purchasing power" as $14.33 in 2018.


News headlines from 1943

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

  • 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

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 1943 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/inflation-rate-in-1943.


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