U.S. inflation rate in 1945: 2.27%

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U.S. Inflation Rate, 1945-2017 ($1)

The consumer price index (CPI) in 1945 was 18. 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 3.69% per year. Prices in 2017 are 1260.0% higher than prices in 1945.

In other words, $1 in the year 1945 is equivalent to $13.60 in 2017, a difference of $12.60 over 72 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 1945 to 2017
Cumulative price change 1260.00%
Average inflation rate 3.69%
Price difference ($1 base) $12.60
CPI in 1945 18
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Juices and nonalcoholic drinks · Hospital services · 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 1945

Start with the inflation rate formula:

CPI in 2017 / CPI in 1945 * 1945 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 18 in the year 1945 and 244.786 in 2017:

244.786 / 18 * $1 = $13.60

The "purchasing power" of $1 from 1945 is $13.60 in 2017.


News headlines from 1945

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

  • The USSR, captures Budapest from Germany, in a battle which kills 159,000 people.
  • The US Fleet captures Ivo Jima.
  • 1500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
  • Iwo Jima is occupied by America, costing 6000 American lives and a further 18,000 Japanese.
  • Buchenwald, the first Nazi concentration camp, is liberated.

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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