The consumer price index (CPI) in 1944 was 17.6. 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 3.67% per year. Prices in 2017 are 1291.0% higher than prices in 1944.

In other words, $1 in the year 1944 is equivalent to $13.91 in 2017, a difference of $12.91 over 73 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.

Cumulative price change | 1291.00% |

Average inflation rate | 3.67% |

Price difference ($1 base) | $12.91 |

CPI in 1944 | 17.6 |

CPI in 2017 | 244.786 |

CPI in 2017 / CPI in 1944 * 1944 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 17.6 in the year 1944 and 244.786 in 2017:

244.786 / 17.6 * $1 =

The "purchasing power" of $1 from 1944 is $13.91 in 2017.

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

- Leningrad is liberated after 880 days of German rule: 600,000 men lose their lives during the occupation.
- The first of more than 180,000 Jews arrive at Auschwitz.
- Paris is liberated from Nazi occupation in an event known as Freedom Tuesday.
- The Nazis crush the Warsaw Uprising killing 250,000 people.

**
Inflation Data Source:
**
The Bureau of Labor Statistics'
Consumer Price Index
(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.