According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,621.09% higher in 2025 versus 1945 (a $2,634,270.30 difference in value).
Between 1945 and 2025: Chicago experienced an average inflation rate of 3.62% per year. This rate of change indicates significant inflation. In other words, $162,500 in Chicago in the year 1945 would cost $2,796,770.30 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.67% during this same period, inflation in Chicago was lower.
In the year 1945: Pricing changed by 2.14%, which is below the average yearly change in Chicago during the 1945-2025 time period. Compared to inflation for all items in 1945 (2.27%), inflation in Chicago was lower.
Below are calculations of equivalent buying power in Chicago, over time, for $162,500 beginning in 1945. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1945 | $162,500.00 | 2.14% |
| 1946 | $176,990.94 | 8.92% |
| 1947 | $205,585.36 | 16.16% |
| 1948 | $223,485.93 | 8.71% |
| 1949 | $223,253.46 | -0.10% |
| 1950 | $225,500.72 | 1.01% |
| 1951 | $243,246.30 | 7.87% |
| 1952 | $248,515.74 | 2.17% |
| 1953 | $250,685.50 | 0.87% |
| 1954 | $254,405.10 | 1.48% |
| 1955 | $256,109.92 | 0.67% |
| 1956 | $259,674.54 | 1.39% |
| 1957 | $268,121.13 | 3.25% |
| 1958 | $276,257.75 | 3.03% |
| 1959 | $278,505.01 | 0.81% |
| 1960 | $282,379.59 | 1.39% |
| 1961 | $283,774.44 | 0.49% |
| 1962 | $286,719.12 | 1.04% |
| 1963 | $289,586.31 | 1.00% |
| 1964 | $290,748.69 | 0.40% |
| 1965 | $294,623.27 | 1.33% |
| 1966 | $303,457.32 | 3.00% |
| 1967 | $311,361.47 | 2.60% |
| 1968 | $324,535.05 | 4.23% |
| 1969 | $342,280.64 | 5.47% |
| 1970 | $361,886.03 | 5.73% |
| 1971 | $376,144.49 | 3.94% |
| 1972 | $386,838.34 | 2.84% |
| 1973 | $411,093.23 | 6.27% |
| 1974 | $454,566.05 | 10.57% |
| 1975 | $490,444.68 | 7.89% |
| 1976 | $513,924.65 | 4.79% |
| 1977 | $546,238.67 | 6.29% |
| 1978 | $593,741.06 | 8.70% |
| 1979 | $667,823.08 | 12.48% |
| 1980 | $764,145.21 | 14.42% |
| 1981 | $837,297.33 | 9.57% |
| 1982 | $894,408.68 | 6.82% |
| 1983 | $930,054.84 | 3.99% |
| 1984 | $965,158.56 | 3.77% |
| 1985 | $1,001,579.64 | 3.77% |
| 1986 | $1,022,502.38 | 2.09% |
| 1987 | $1,064,657.84 | 4.12% |
| 1988 | $1,106,270.86 | 3.91% |
| 1989 | $1,162,219.84 | 5.06% |
| 1990 | $1,224,678.11 | 5.37% |
| 1991 | $1,274,350.26 | 4.06% |
| 1992 | $1,311,701.24 | 2.93% |
| 1993 | $1,352,151.88 | 3.08% |
| 1994 | $1,381,753.70 | 2.19% |
| 1995 | $1,425,691.46 | 3.18% |
| 1996 | $1,463,817.36 | 2.67% |
| 1997 | $1,503,880.54 | 2.74% |
| 1998 | $1,534,179.78 | 2.01% |
| 1999 | $1,565,951.36 | 2.07% |
| 2000 | $1,616,243.44 | 3.21% |
| 2001 | $1,658,321.41 | 2.60% |
| 2002 | $1,684,746.07 | 1.59% |
| 2003 | $1,715,742.73 | 1.84% |
| 2004 | $1,754,101.10 | 2.24% |
| 2005 | $1,807,182.88 | 3.03% |
| 2006 | $1,844,223.89 | 2.05% |
| 2007 | $1,904,598.41 | 3.27% |
| 2008 | $1,976,368.09 | 3.77% |
| 2009 | $1,952,743.98 | -1.20% |
| 2010 | $1,979,481.70 | 1.37% |
| 2011 | $2,033,543.75 | 2.73% |
| 2012 | $2,064,421.85 | 1.52% |
| 2013 | $2,088,045.18 | 1.14% |
| 2014 | $2,124,521.28 | 1.75% |
| 2015 | $2,118,240.58 | -0.30% |
| 2016 | $2,132,276.65 | 0.66% |
| 2017 | $2,172,351.45 | 1.88% |
| 2018 | $2,210,430.08 | 1.75% |
| 2019 | $2,242,738.67 | 1.46% |
| 2020 | $2,267,772.35 | 1.12% |
| 2021 | $2,363,424.95 | 4.22% |
| 2022 | $2,541,937.83 | 7.55% |
| 2023 | $2,626,497.50 | 3.33% |
| 2024 | $2,717,399.86 | 3.46% |
| 2025 | $2,796,770.30 | 2.92%* |
* 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 | 2025 |
| 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 | 292.225 | 300.760 |