U.S. inflation rate in 1946: 8.33%

Inflation Calculator


U.S. Inflation Rate, 1946-2018 ($1)

The consumer price index (CPI) in 1946 was 19.5. 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 3.60% per year. Prices in 2018 are 1177.0% higher than prices in 1946.

In other words, $1 in the year 1946 is equivalent in purchasing power to $12.77 in 2018, a difference of $11.77 over 72 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 1946 to 2018
Cumulative price change 1177.00%
Average inflation rate 3.60%
Price difference ($1 base) $11.77
CPI in 1946 19.5
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Food · Gasoline (all types) · Jewelry · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1946

Start with the inflation rate formula:

CPI in 2018 / CPI in 1946 * 1946 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 19.5 in the year 1946 and 248.991 in 2018:

248.991 / 19.5 * $1 = $12.77

$1 in 1946 has the same "purchasing power" as $12.77 in 2018.

News headlines from 1946

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

  • The United Nations General Assembly meets for the first time in London.
  • President Harry Truman sets up the Central Intelligence Agency or CIA.
  • The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
  • Twenty-two Nazi leaders found guilty of war crimes during the Nuremburg trials.

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 1946 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1946.

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