$1 in 1948 is worth $1 in 1948

Value of $1 from 1950 to 1948

The U.S. dollar experienced an average inflation rate of 0.00% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1950 is equivalent in purchasing power to about $1 in 1948, a difference of $0.00 over 2 years.

The 1948 inflation rate was 8.07%. The inflation rate in 1950 was 1.26%. The 1950 inflation rate is lower compared to the average inflation rate of 3.44% per year between 1950 and 2020.


Inflation from 1950 to 1948
Average inflation rate 0.00%
Converted amount ($1 base) $1
Price difference ($1 base) $0.00
CPI in 1950 24.100
CPI in 1948 24.100
Inflation in 1948 8.07%
Inflation in 1950 1.26%

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI
Download

Buying power of $1 in 1948

This chart shows a calculation of buying power equivalence for $1 in 1948 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $1 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1948 dollars, the chart below shows how $1 is worth less over 2 years.

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:

Dollar inflation: 1948-1950
Year Dollar Value Inflation Rate
1948 $1.00 8.07%
1949 $0.99 -1.24%
1950 $1.00 1.26%
1951 $1.08 7.88%
1952 $1.10 1.92%
1953 $1.11 0.75%
1954 $1.12 0.75%
1955 $1.11 -0.37%
1956 $1.13 1.49%
1957 $1.17 3.31%
1958 $1.20 2.85%
1959 $1.21 0.69%
1960 $1.23 1.72%
1961 $1.24 1.01%
1962 $1.25 1.00%
1963 $1.27 1.32%
1964 $1.29 1.31%
1965 $1.31 1.61%
1966 $1.34 2.86%
1967 $1.39 3.09%
1968 $1.44 4.19%
1969 $1.52 5.46%
1970 $1.61 5.72%
1971 $1.68 4.38%
1972 $1.73 3.21%
1973 $1.84 6.22%
1974 $2.05 11.04%
1975 $2.23 9.13%
1976 $2.36 5.76%
1977 $2.51 6.50%
1978 $2.71 7.59%
1979 $3.01 11.35%
1980 $3.42 13.50%
1981 $3.77 10.32%
1982 $4.00 6.16%
1983 $4.13 3.21%
1984 $4.31 4.32%
1985 $4.46 3.56%
1986 $4.55 1.86%
1987 $4.71 3.65%
1988 $4.91 4.14%
1989 $5.15 4.82%
1990 $5.42 5.40%
1991 $5.65 4.21%
1992 $5.82 3.01%
1993 $6.00 2.99%
1994 $6.15 2.56%
1995 $6.32 2.83%
1996 $6.51 2.95%
1997 $6.66 2.29%
1998 $6.76 1.56%
1999 $6.91 2.21%
2000 $7.15 3.36%
2001 $7.35 2.85%
2002 $7.46 1.58%
2003 $7.63 2.28%
2004 $7.84 2.66%
2005 $8.10 3.39%
2006 $8.37 3.23%
2007 $8.60 2.85%
2008 $8.93 3.84%
2009 $8.90 -0.36%
2010 $9.05 1.64%
2011 $9.33 3.16%
2012 $9.53 2.07%
2013 $9.67 1.46%
2014 $9.82 1.62%
2015 $9.83 0.12%
2016 $9.96 1.26%
2017 $10.17 2.13%
2018 $10.42 2.49%
2019 $10.61 1.76%
2020 $10.64 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1948 amounts in 1950 dollars, based on the 0.00% change in prices:

Conversion Table: Value of a dollar in 1950
Initial value Equivalent value
$1 dollar in 1948 $1.00 dollars in 1950
$5 dollars in 1948 $5.00 dollars in 1950
$10 dollars in 1948 $10.00 dollars in 1950
$50 dollars in 1948 $50.00 dollars in 1950
$100 dollars in 1948 $100.00 dollars in 1950
$500 dollars in 1948 $500.00 dollars in 1950
$1,000 dollars in 1948 $1,000.00 dollars in 1950
$5,000 dollars in 1948 $5,000.00 dollars in 1950
$10,000 dollars in 1948 $10,000.00 dollars in 1950
$50,000 dollars in 1948 $50,000.00 dollars in 1950
$100,000 dollars in 1948 $100,000.00 dollars in 1950
$500,000 dollars in 1948 $500,000.00 dollars in 1950
$1,000,000 dollars in 1948 $1,000,000.00 dollars in 1950

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1950 to 1948 (figures shown are purchasing power equivalents of $1):

Houston, Texas experienced the highest rate of inflation during the 2 years between 1948 and 1950 (1.35%).

Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 2 years between 1948 and 1950 (-0.29%).

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 £0.94 in 1948, an absolute change of £-0.06 and a cumulative change of -5.76%.

In Canada, CA$1.00 in 1950 would be equivalent to CA$0.94 in 1948, an absolute change of CA$-0.06 and a cumulative change of -6.20%.

Compare these numbers to the US's overall absolute change of $0.00 and total percent change of 0.00%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1950 and 1948.

Compare these values to the overall average of 0.00% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1948 → 1950
Food and beverages 0.00 0.00 1.00
Housing 0.00 0.00 1.00
Apparel -2.65 -5.23 0.95
Transportation 5.00 10.24 1.10
Medical care 2.43 4.92 1.05
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 0.00 0.00 1.00

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, 1948 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1948 and 1950:

CPI in 1948 CPI in 1950
×
1950 USD value
=
1948 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 24.1 in 1948:

24.124.1
×
$1
=
$1

$1 in 1950 has the same "purchasing power" or "buying power" as $1 in 1948.

To get the total inflation rate for the 2 years between 1948 and 1950, we use the following formula:

CPI in 1948 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

24.1 - 24.124.1
×
100
=
0%

News headlines from 1948

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 → 1948 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Jul. 2020, https://www.officialdata.org/1950-dollars-in-1948?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

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 1948
Average inflation rate 0.00%
Converted amount ($1 base) $1
Price difference ($1 base) $0.00
CPI in 1950 24.100
CPI in 1948 24.100
Inflation in 1948 8.07%
Inflation in 1950 1.26%