According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 1,621.09% higher in 2025 versus 1945 (a $116,718,437.77 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, $7,200,000 in Chicago in the year 1945 would cost $123,918,437.77 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 $7,200,000 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 | $7,200,000.00 | 2.14% |
| 1946 | $7,842,060.09 | 8.92% |
| 1947 | $9,109,012.88 | 16.16% |
| 1948 | $9,902,145.92 | 8.71% |
| 1949 | $9,891,845.49 | -0.10% |
| 1950 | $9,991,416.31 | 1.01% |
| 1951 | $10,777,682.40 | 7.87% |
| 1952 | $11,011,158.80 | 2.17% |
| 1953 | $11,107,296.14 | 0.87% |
| 1954 | $11,272,103.00 | 1.48% |
| 1955 | $11,347,639.48 | 0.67% |
| 1956 | $11,505,579.40 | 1.39% |
| 1957 | $11,879,828.33 | 3.25% |
| 1958 | $12,240,343.35 | 3.03% |
| 1959 | $12,339,914.16 | 0.81% |
| 1960 | $12,511,587.98 | 1.39% |
| 1961 | $12,573,390.56 | 0.49% |
| 1962 | $12,703,862.66 | 1.04% |
| 1963 | $12,830,901.29 | 1.00% |
| 1964 | $12,882,403.43 | 0.40% |
| 1965 | $13,054,077.25 | 1.33% |
| 1966 | $13,445,493.56 | 3.00% |
| 1967 | $13,795,708.15 | 2.60% |
| 1968 | $14,379,399.14 | 4.23% |
| 1969 | $15,165,665.24 | 5.47% |
| 1970 | $16,034,334.76 | 5.73% |
| 1971 | $16,666,094.42 | 3.94% |
| 1972 | $17,139,914.16 | 2.84% |
| 1973 | $18,214,592.27 | 6.27% |
| 1974 | $20,140,772.53 | 10.57% |
| 1975 | $21,730,472.10 | 7.89% |
| 1976 | $22,770,815.45 | 4.79% |
| 1977 | $24,202,575.11 | 6.29% |
| 1978 | $26,307,296.14 | 8.70% |
| 1979 | $29,589,699.57 | 12.48% |
| 1980 | $33,857,510.73 | 14.42% |
| 1981 | $37,098,712.45 | 9.57% |
| 1982 | $39,629,184.55 | 6.82% |
| 1983 | $41,208,583.69 | 3.99% |
| 1984 | $42,763,948.50 | 3.77% |
| 1985 | $44,377,682.40 | 3.77% |
| 1986 | $45,304,721.03 | 2.09% |
| 1987 | $47,172,532.19 | 4.12% |
| 1988 | $49,016,309.01 | 3.91% |
| 1989 | $51,495,278.97 | 5.06% |
| 1990 | $54,262,660.94 | 5.37% |
| 1991 | $56,463,519.31 | 4.06% |
| 1992 | $58,118,454.94 | 2.93% |
| 1993 | $59,910,729.61 | 3.08% |
| 1994 | $61,222,317.60 | 2.19% |
| 1995 | $63,169,098.71 | 3.18% |
| 1996 | $64,858,369.10 | 2.67% |
| 1997 | $66,633,476.39 | 2.74% |
| 1998 | $67,975,965.67 | 2.01% |
| 1999 | $69,383,690.99 | 2.07% |
| 2000 | $71,612,017.17 | 3.21% |
| 2001 | $73,476,394.85 | 2.60% |
| 2002 | $74,647,210.30 | 1.59% |
| 2003 | $76,020,600.86 | 1.84% |
| 2004 | $77,720,171.67 | 2.24% |
| 2005 | $80,072,103.00 | 3.03% |
| 2006 | $81,713,304.72 | 2.05% |
| 2007 | $84,388,360.52 | 3.27% |
| 2008 | $87,568,309.01 | 3.77% |
| 2009 | $86,521,579.40 | -1.20% |
| 2010 | $87,706,266.09 | 1.37% |
| 2011 | $90,101,630.90 | 2.73% |
| 2012 | $91,469,768.24 | 1.52% |
| 2013 | $92,516,463.52 | 1.14% |
| 2014 | $94,132,635.19 | 1.75% |
| 2015 | $93,854,351.93 | -0.30% |
| 2016 | $94,476,257.51 | 0.66% |
| 2017 | $96,251,879.83 | 1.88% |
| 2018 | $97,939,055.79 | 1.75% |
| 2019 | $99,370,575.11 | 1.46% |
| 2020 | $100,479,759.66 | 1.12% |
| 2021 | $104,717,905.58 | 4.22% |
| 2022 | $112,627,399.14 | 7.55% |
| 2023 | $116,374,042.92 | 3.33% |
| 2024 | $120,401,716.74 | 3.46% |
| 2025 | $123,918,437.77 | 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 |