According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,545.18% higher in 2024 versus 1945 (a $546,993,304,721.03 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, $35,400,000,000 in Chicago in the year 1945 would cost $582,393,304,721.03 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 $35,400,000,000 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 | $35,400,000,000.00 | 2.14% |
1946 | $38,556,795,422.03 | 8.92% |
1947 | $44,785,979,971.39 | 16.16% |
1948 | $48,685,550,786.84 | 8.71% |
1949 | $48,634,907,010.01 | -0.10% |
1950 | $49,124,463,519.31 | 1.01% |
1951 | $52,990,271,816.88 | 7.87% |
1952 | $54,138,197,424.89 | 2.17% |
1953 | $54,610,872,675.25 | 0.87% |
1954 | $55,421,173,104.43 | 1.48% |
1955 | $55,792,560,801.14 | 0.67% |
1956 | $56,569,098,712.45 | 1.39% |
1957 | $58,409,155,937.05 | 3.25% |
1958 | $60,181,688,125.89 | 3.03% |
1959 | $60,671,244,635.19 | 0.81% |
1960 | $61,515,307,582.26 | 1.39% |
1961 | $61,819,170,243.20 | 0.49% |
1962 | $62,460,658,082.98 | 1.04% |
1963 | $63,085,264,663.81 | 1.00% |
1964 | $63,338,483,547.93 | 0.40% |
1965 | $64,182,546,494.99 | 1.33% |
1966 | $66,107,010,014.31 | 3.00% |
1967 | $67,828,898,426.32 | 2.60% |
1968 | $70,698,712,446.35 | 4.23% |
1969 | $74,564,520,743.92 | 5.47% |
1970 | $78,835,479,256.08 | 5.73% |
1971 | $81,941,630,901.29 | 3.94% |
1972 | $84,271,244,635.19 | 2.84% |
1973 | $89,555,078,683.83 | 6.27% |
1974 | $99,025,464,949.93 | 10.57% |
1975 | $106,841,487,839.77 | 7.89% |
1976 | $111,956,509,299.00 | 4.79% |
1977 | $118,995,994,277.54 | 6.29% |
1978 | $129,344,206,008.58 | 8.70% |
1979 | $145,482,689,556.51 | 12.48% |
1980 | $166,466,094,420.60 | 14.42% |
1981 | $182,402,002,861.23 | 9.57% |
1982 | $194,843,490,701.00 | 6.82% |
1983 | $202,608,869,814.02 | 3.99% |
1984 | $210,256,080,114.45 | 3.77% |
1985 | $218,190,271,816.88 | 3.77% |
1986 | $222,748,211,731.04 | 2.09% |
1987 | $231,931,616,595.14 | 4.12% |
1988 | $240,996,852,646.64 | 3.91% |
1989 | $253,185,121,602.29 | 5.06% |
1990 | $266,791,416,309.01 | 5.37% |
1991 | $277,612,303,290.41 | 4.06% |
1992 | $285,749,070,100.14 | 2.93% |
1993 | $294,561,087,267.53 | 3.08% |
1994 | $301,009,728,183.12 | 2.19% |
1995 | $310,581,402,002.86 | 3.18% |
1996 | $318,886,981,402.00 | 2.67% |
1997 | $327,614,592,274.68 | 2.74% |
1998 | $334,215,164,520.74 | 2.01% |
1999 | $341,136,480,686.70 | 2.07% |
2000 | $352,092,417,739.63 | 3.21% |
2001 | $361,258,941,344.78 | 2.60% |
2002 | $367,015,450,643.78 | 1.59% |
2003 | $373,767,954,220.31 | 1.84% |
2004 | $382,124,177,396.28 | 2.24% |
2005 | $393,687,839,771.10 | 3.03% |
2006 | $401,757,081,545.06 | 2.05% |
2007 | $414,909,439,198.86 | 3.27% |
2008 | $430,544,185,979.97 | 3.77% |
2009 | $425,397,765,379.11 | -1.20% |
2010 | $431,222,474,964.23 | 1.37% |
2011 | $442,999,685,264.66 | 2.73% |
2012 | $449,726,360,515.02 | 1.52% |
2013 | $454,872,612,303.29 | 1.14% |
2014 | $462,818,789,699.57 | 1.75% |
2015 | $461,450,563,662.37 | -0.30% |
2016 | $464,508,266,094.42 | 0.66% |
2017 | $473,238,409,155.94 | 1.88% |
2018 | $481,533,690,987.12 | 1.75% |
2019 | $488,571,994,277.54 | 1.46% |
2020 | $494,025,484,978.54 | 1.12% |
2021 | $514,863,035,765.38 | 4.22% |
2022 | $553,751,379,113.02 | 7.55% |
2023 | $572,172,377,682.40 | 3.33% |
2024 | $582,393,304,721.03 | 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 |