U.S. inflation rate in 1949: -1.24%

Inflation Calculator


U.S. Inflation Rate, 1949-2018 ($1)

The consumer price index (CPI) in 1949 was 23.8. 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 3.46% per year. Prices in 2018 are 946.0% higher than prices in 1949.

In other words, $1 in the year 1949 is equivalent in purchasing power to $10.46 in 2018, a difference of $9.46 over 69 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 1949 to 2018
Cumulative price change 946.00%
Average inflation rate 3.46%
Price difference ($1 base) $9.46
CPI in 1949 23.8
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Fresh fruits · Women's apparel · Televisions · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1949

Start with the inflation rate formula:

CPI in 2018 / CPI in 1949 * 1949 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 23.8 in the year 1949 and 248.991 in 2018:

248.991 / 23.8 * $1 = $10.46

$1 in 1949 has the same "purchasing power" as $10.46 in 2018.

News headlines from 1949

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

  • David Ben-Gurion's Mapai party wins the first Israeli election.
  • The Federal Republic of Germany, or West Germany, is created by the combination of the American, British, and French occupation zones.
  • The Soviet Union ends the blockade of Berlin.
  • The People's Republic of China is proclaimed by Chinese Communist leaders.

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 1949 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1949.

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