U.S. inflation rate in 1944: 1.73%

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U.S. Inflation Rate, 1944-2017 ($1)

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.

Inflation from 1944 to 2017
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


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Wine at home · Televisions · Film and photographic supplies · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1944

Start with the inflation rate formula:

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 = $13.91

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


News headlines from 1944

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' (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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