According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,545.18% higher in 2024 versus 1945 (a $5,269,059,799,713.88 difference in value).
Between 1945 and 2024: Chicago experienced an average inflation rate of 3.61% per year. This rate of change indicates significant inflation. In other words, $341,000,000,000 in Chicago in the year 1945 would cost $5,610,059,799,713.88 in 2024 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 1945-2024 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 $341,000,000,000 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 | $341,000,000,000.00 | 2.14% |
1946 | $371,408,679,065.33 | 8.92% |
1947 | $431,412,970,910.82 | 16.16% |
1948 | $468,976,633,285.65 | 8.71% |
1949 | $468,488,793,514.54 | -0.10% |
1950 | $473,204,577,968.53 | 1.01% |
1951 | $510,443,013,829.28 | 7.87% |
1952 | $521,500,715,307.58 | 2.17% |
1953 | $526,053,886,504.53 | 0.87% |
1954 | $533,859,322,842.16 | 1.48% |
1955 | $537,436,814,496.90 | 0.67% |
1956 | $544,917,024,320.46 | 1.39% |
1957 | $562,641,869,337.15 | 3.25% |
1958 | $579,716,261,325.70 | 3.03% |
1959 | $584,432,045,779.69 | 0.81% |
1960 | $592,562,708,631.38 | 1.39% |
1961 | $595,489,747,257.99 | 0.49% |
1962 | $601,669,051,025.27 | 1.04% |
1963 | $607,685,741,535.53 | 1.00% |
1964 | $610,124,940,391.03 | 0.40% |
1965 | $618,255,603,242.73 | 1.33% |
1966 | $636,793,514,544.59 | 3.00% |
1967 | $653,380,066,762.04 | 2.60% |
1968 | $681,024,320,457.80 | 4.23% |
1969 | $718,262,756,318.55 | 5.47% |
1970 | $759,403,910,348.12 | 5.73% |
1971 | $789,324,749,642.35 | 3.94% |
1972 | $811,765,379,113.02 | 2.84% |
1973 | $862,663,328,564.62 | 6.27% |
1974 | $953,889,365,760.61 | 10.57% |
1975 | $1,029,179,303,767.29 | 7.89% |
1976 | $1,078,451,120,648.55 | 4.79% |
1977 | $1,146,260,848,831.66 | 6.29% |
1978 | $1,245,942,775,393.42 | 8.70% |
1979 | $1,401,401,049,117.79 | 12.48% |
1980 | $1,603,529,327,610.87 | 14.42% |
1981 | $1,757,036,242,250.83 | 9.57% |
1982 | $1,876,882,212,684.79 | 6.82% |
1983 | $1,951,684,310,920.36 | 3.99% |
1984 | $2,025,348,116,356.70 | 3.77% |
1985 | $2,101,776,347,162.61 | 3.77% |
1986 | $2,145,681,926,561.75 | 2.09% |
1987 | $2,234,143,538,388.17 | 4.12% |
1988 | $2,321,466,857,415.36 | 3.91% |
1989 | $2,438,873,628,993.80 | 5.06% |
1990 | $2,569,939,914,163.09 | 5.37% |
1991 | $2,674,175,011,921.79 | 4.06% |
1992 | $2,752,554,601,812.11 | 2.93% |
1993 | $2,837,438,721,983.79 | 3.08% |
1994 | $2,899,556,986,170.72 | 2.19% |
1995 | $2,991,758,702,908.92 | 3.18% |
1996 | $3,071,764,425,369.58 | 2.67% |
1997 | $3,155,835,479,256.08 | 2.74% |
1998 | $3,219,417,262,756.32 | 2.01% |
1999 | $3,286,088,698,140.20 | 2.07% |
2000 | $3,391,624,701,955.17 | 3.21% |
2001 | $3,479,923,700,524.56 | 2.60% |
2002 | $3,535,374,821,173.10 | 1.59% |
2003 | $3,600,420,123,986.65 | 1.84% |
2004 | $3,680,913,686,218.41 | 2.24% |
2005 | $3,792,303,767,286.60 | 3.03% |
2006 | $3,870,032,904,148.78 | 2.05% |
2007 | $3,996,726,518,836.43 | 3.27% |
2008 | $4,147,332,412,970.91 | 3.77% |
2009 | $4,097,758,135,431.57 | -1.20% |
2010 | $4,153,866,213,638.53 | 1.37% |
2011 | $4,267,313,352,408.20 | 2.73% |
2012 | $4,332,109,856,938.48 | 1.52% |
2013 | $4,381,682,508,345.25 | 1.14% |
2014 | $4,458,226,194,563.66 | 1.75% |
2015 | $4,445,046,390,081.07 | -0.30% |
2016 | $4,474,500,529,327.61 | 0.66% |
2017 | $4,558,595,975,202.67 | 1.88% |
2018 | $4,638,502,503,576.54 | 1.75% |
2019 | $4,706,300,848,831.66 | 1.46% |
2020 | $4,758,833,061,516.45 | 1.12% |
2021 | $4,959,556,361,468.77 | 4.22% |
2022 | $5,334,158,764,902.24 | 7.55% |
2023 | $5,511,603,977,110.16 | 3.33% |
2024 | $5,610,059,799,713.88 | 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 |