According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,580.44% higher in 2024 versus 1944 (a $4,741,315,148.56 difference in value).
Between 1944 and 2024: Chicago experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, $300,000,000 in Chicago in the year 1944 would cost $5,041,315,148.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation in Chicago was lower.
In the year 1944: Pricing changed by 1.53%, which is below the average yearly change in Chicago during the 1944-2024 time period. Compared to inflation for all items in 1944 (1.64%), inflation in Chicago was lower.
Below are calculations of equivalent buying power in Chicago, over time, for $300,000,000 beginning in 1944. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1944 | $300,000,000.00 | 1.53% |
1945 | $306,429,615.20 | 2.14% |
1946 | $333,755,479.79 | 8.92% |
1947 | $387,676,570.87 | 16.16% |
1948 | $421,432,050.66 | 8.71% |
1949 | $420,993,667.80 | -0.10% |
1950 | $425,231,368.73 | 1.01% |
1951 | $458,694,593.28 | 7.87% |
1952 | $468,631,271.31 | 2.17% |
1953 | $472,722,844.62 | 0.87% |
1954 | $479,736,970.29 | 1.48% |
1955 | $482,951,777.89 | 0.67% |
1956 | $489,673,648.32 | 1.39% |
1957 | $505,601,558.69 | 3.25% |
1958 | $520,944,958.60 | 3.03% |
1959 | $525,182,659.52 | 0.81% |
1960 | $532,489,040.43 | 1.39% |
1961 | $535,119,337.55 | 0.49% |
1962 | $540,672,187.04 | 1.04% |
1963 | $546,078,908.91 | 1.00% |
1964 | $548,270,823.19 | 0.40% |
1965 | $555,577,204.09 | 1.33% |
1966 | $572,235,752.56 | 3.00% |
1967 | $587,140,769.61 | 2.60% |
1968 | $611,982,464.69 | 4.23% |
1969 | $645,445,689.24 | 5.47% |
1970 | $682,415,976.62 | 5.73% |
1971 | $709,303,458.35 | 3.94% |
1972 | $729,469,069.65 | 2.84% |
1973 | $775,207,014.13 | 6.27% |
1974 | $857,184,607.89 | 10.57% |
1975 | $924,841,695.08 | 7.89% |
1976 | $969,118,363.37 | 4.79% |
1977 | $1,030,053,580.13 | 6.29% |
1978 | $1,119,629,810.03 | 8.70% |
1979 | $1,259,327,812.96 | 12.48% |
1980 | $1,440,964,442.28 | 14.42% |
1981 | $1,578,908,913.78 | 9.57% |
1982 | $1,686,604,968.34 | 6.82% |
1983 | $1,753,823,672.67 | 3.99% |
1984 | $1,820,019,483.68 | 3.77% |
1985 | $1,888,699,464.20 | 3.77% |
1986 | $1,928,153,921.09 | 2.09% |
1987 | $2,007,647,345.35 | 4.12% |
1988 | $2,086,117,876.28 | 3.91% |
1989 | $2,191,622,016.56 | 5.06% |
1990 | $2,309,400,876.77 | 5.37% |
1991 | $2,403,068,679.98 | 4.06% |
1992 | $2,473,502,191.91 | 2.93% |
1993 | $2,549,780,808.57 | 3.08% |
1994 | $2,605,601,558.69 | 2.19% |
1995 | $2,688,455,918.17 | 3.18% |
1996 | $2,760,350,706.28 | 2.67% |
1997 | $2,835,898,684.85 | 2.74% |
1998 | $2,893,034,583.54 | 2.01% |
1999 | $2,952,946,906.97 | 2.07% |
2000 | $3,047,783,731.13 | 3.21% |
2001 | $3,127,131,027.76 | 2.60% |
2002 | $3,176,960,545.54 | 1.59% |
2003 | $3,235,411,592.79 | 1.84% |
2004 | $3,307,744,763.76 | 2.24% |
2005 | $3,407,842,182.17 | 3.03% |
2006 | $3,477,691,183.63 | 2.05% |
2007 | $3,591,540,672.19 | 3.27% |
2008 | $3,726,878,226.98 | 3.77% |
2009 | $3,682,329,761.32 | -1.20% |
2010 | $3,732,749,634.68 | 1.37% |
2011 | $3,834,695,567.46 | 2.73% |
2012 | $3,892,923,039.45 | 1.52% |
2013 | $3,937,470,043.84 | 1.14% |
2014 | $4,006,253,774.96 | 1.75% |
2015 | $3,994,410,131.51 | -0.30% |
2016 | $4,020,878,226.98 | 0.66% |
2017 | $4,096,448,124.70 | 1.88% |
2018 | $4,168,253,774.96 | 1.75% |
2019 | $4,229,178,762.79 | 1.46% |
2020 | $4,276,385,289.82 | 1.12% |
2021 | $4,456,759,376.52 | 4.22% |
2022 | $4,793,384,802.73 | 7.55% |
2023 | $4,952,840,720.90 | 3.33% |
2024 | $5,041,315,148.56 | 1.79%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 287.495 |