U.S. inflation rate in 1944: 1.73%

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U.S. Inflation Rate, 1944-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.65% per year. Prices in 2018 are 1315.0% higher than prices in 1944.

In other words, $1 in the year 1944 is equivalent in purchasing power to $14.15 in 2018, a difference of $13.15 over 74 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1944 to 2018
Cumulative price change 1315.00%
Average inflation rate 3.65%
Price difference ($1 base) $13.15
CPI in 1944 17.6
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Bread · Jewelry · Baby food · 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 2018 / CPI in 1944 * 1944 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 17.6 in the year 1944 and 248.991 in 2018:

248.991 / 17.6 * $1 = $14.15

$1 in 1944 has the same "purchasing power" as $14.15 in 2018.


News headlines from 1944

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

  • 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.
  • Nazis crush the Warsaw Uprising, killing 250,000 people.

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 1944 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1944.


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