$1 in 1950 → $0.81 in 1946

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$1 in 1950 → $0.81 in 1946

U.S. Inflation Rate, $1 in 1950 to 1946

According to the Bureau of Labor Statistics consumer price index, prices in 1946 are 19.09% lower than average prices throughout 1950. The dollar experienced an average inflation rate of 5.44% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1950 is equivalent in purchasing power to about $0.81 in 1946, a difference of $-0.19 over 4 years.

The 1946 inflation rate was 8.33%. The inflation rate in 1950 was 1.26%. The 1950 inflation rate is lower compared to the average inflation rate of 3.49% per year between 1950 and 2019.


Inflation from 1950 to 1946
Cumulative price change -19.09%
Average inflation rate 5.44%
Converted amount ($1 base) $0.81
Price difference ($1 base) $-0.19
CPI in 1950 24.100
CPI in 1946 19.500
Inflation in 1946 8.33%
Inflation in 1950 1.26%

USD Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI
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Buying power of $1 in 1946

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1946 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1946 $1.00 8.33%
1947 $1.14 14.36%
1948 $1.24 8.07%
1949 $1.22 -1.24%
1950 $1.24 1.26%
1951 $1.33 7.88%
1952 $1.36 1.92%
1953 $1.37 0.75%
1954 $1.38 0.75%
1955 $1.37 -0.37%
1956 $1.39 1.49%
1957 $1.44 3.31%
1958 $1.48 2.85%
1959 $1.49 0.69%
1960 $1.52 1.72%
1961 $1.53 1.01%
1962 $1.55 1.00%
1963 $1.57 1.32%
1964 $1.59 1.31%
1965 $1.62 1.61%
1966 $1.66 2.86%
1967 $1.71 3.09%
1968 $1.78 4.19%
1969 $1.88 5.46%
1970 $1.99 5.72%
1971 $2.08 4.38%
1972 $2.14 3.21%
1973 $2.28 6.22%
1974 $2.53 11.04%
1975 $2.76 9.13%
1976 $2.92 5.76%
1977 $3.11 6.50%
1978 $3.34 7.59%
1979 $3.72 11.35%
1980 $4.23 13.50%
1981 $4.66 10.32%
1982 $4.95 6.16%
1983 $5.11 3.21%
1984 $5.33 4.32%
1985 $5.52 3.56%
1986 $5.62 1.86%
1987 $5.83 3.65%
1988 $6.07 4.14%
1989 $6.36 4.82%
1990 $6.70 5.40%
1991 $6.98 4.21%
1992 $7.19 3.01%
1993 $7.41 2.99%
1994 $7.60 2.56%
1995 $7.82 2.83%
1996 $8.05 2.95%
1997 $8.23 2.29%
1998 $8.36 1.56%
1999 $8.54 2.21%
2000 $8.83 3.36%
2001 $9.08 2.85%
2002 $9.23 1.58%
2003 $9.44 2.28%
2004 $9.69 2.66%
2005 $10.02 3.39%
2006 $10.34 3.23%
2007 $10.63 2.85%
2008 $11.04 3.84%
2009 $11.00 -0.36%
2010 $11.18 1.64%
2011 $11.54 3.16%
2012 $11.77 2.07%
2013 $11.95 1.46%
2014 $12.14 1.62%
2015 $12.15 0.12%
2016 $12.31 1.26%
2017 $12.57 2.13%
2018 $12.88 2.44%
2019 $13.20 2.48%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1950 to 1946 (figures shown are purchasing power equivalents of $1):

Houston, Texas experienced the highest rate of inflation during the 4 years between 1946 and 1950 (6.95%).

New York experienced the lowest rate of inflation during the 4 years between 1946 and 1950 (4.44%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1950 would be equivalent to £0.82 in 1946, an absolute change of £-0.18 and a cumulative change of -18.18%.

In Canada, CA$1.00 in 1950 would be equivalent to CA$0.75 in 1946, an absolute change of CA$-0.25 and a cumulative change of -24.81%.

Compare these numbers to the US's overall absolute change of $-0.19 and total percent change of -19.09%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1950 and 1946.

Compare these values to the overall average of 5.44% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1946 → 1950
Food 6.40 28.14 1.28
Shelter 0.00 0.00 1.00
Energy 0.00 0.00 1.00
Apparel 4.03 17.13 1.17
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 8.20 37.05 1.37
Medical care services 5.21 22.52 1.23
Medical care commodities 3.84 16.26 1.16

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1950. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1946 to 1950

This inflation calculator uses the following inflation rate formula:

CPI in 1946CPI in 1950
×
1950 USD value
=
1946 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 19.5 in 1946:

19.524.1
×
$1
=
$0.81

$1 in 1950 has the same "purchasing power" or "buying power" as $0.81 in 1946.

To get the total inflation rate for the 4 years between 1946 and 1950, we use the following formula:

CPI in 1946 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

19.5 - 24.124.1
×
100
=
-19%

News headlines from 1946

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

Data Source & Citation

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: “$1 in 1950 → 1946 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Nov. 2019, https://www.officialdata.org/1950-dollars-in-1946?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1950 to 1946
Cumulative price change -19.09%
Average inflation rate 5.44%
Converted amount ($1 base) $0.81
Price difference ($1 base) $-0.19
CPI in 1950 24.100
CPI in 1946 19.500
Inflation in 1946 8.33%
Inflation in 1950 1.26%
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