U.S. inflation rate in 1947: 14.36%

Inflation Calculator

$

U.S. Inflation Rate, 1947-2017 ($1)

The consumer price index (CPI) in 1947 was 22.3. 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 3.48% per year. Prices in 2017 are 998.0% higher than prices in 1947.

In other words, $1 in the year 1947 is equivalent to $10.98 in 2017, a difference of $9.98 over 70 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 1947 to 2017
Cumulative price change 998.00%
Average inflation rate 3.48%
Price difference ($1 base) $9.98
CPI in 1947 22.3
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Jewelry · Public transportation · Electricity · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1947

Start with the inflation rate formula:

CPI in 2017 / CPI in 1947 * 1947 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 22.3 in the year 1947 and 244.786 in 2017:

244.786 / 22.3 * $1 = $10.98

$1 in 1947 has the same "purchasing power" as $10.98 in 2017.


News headlines from 1947

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

  • Civil disorder in Taiwan is put down resulting in the loss of 30,000 civilian lives.
  • The new Japanese constitution comes into effect.
  • The alleged Roswell UFO incident happens.

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.


» Read more about inflation.