U.S. inflation · 1932–1945
$100 in 1932 has the same buying power as
$131
in 1945
| Cumulative price change | 31.4% |
|---|---|
| Average inflation rate | 2.12% per year |
| Converted amount ($100 base) | $131 |
| Price difference ($100 base) | $31.39 |
| CPI in 1932 | 13.7 |
| CPI in 1945 | 18 |
| Inflation in 1932 | -9.87% |
| Inflation in 1945 | 2.27% |
| $100 in 1932 → 1945 | $131 |
| $100 in 1945 → 1932 | $76.11 |
Between 1932 and 1945, the Consumer Price Index went from 13.7 to 18. Cumulatively, prices increased 31.4%, which works out to an average of 2.12% per year. Put differently, a dollar in 1932 bought what $0.76 buys in 1945.
| Amount in 1932 | Value in 1945 |
|---|---|
| $1.00 | $1.31 |
| $5.00 | $6.57 |
| $10.00 | $13.14 |
| $20.00 | $26.28 |
| $50.00 | $65.69 |
| $100 | $131 |
| $500 | $657 |
| $1,000 | $1,314 |
| $5,000 | $6,569 |
| $10,000 | $13,139 |
| $100,000 | $131,387 |
| $1,000,000 | $1,313,869 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1932 spending costs in 1945, by category:
| Category | Avg. yearly inflation | $100 in 1932 → |
|---|---|---|
| All items (CPI-U) | 2.12% | $131 |
| Food | 3.77% | $162 |
| Apparel | 3.73% | $161 |
Not shown because the BLS began these indexes after 1932: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1932 |
|---|---|---|---|
| 1932 | 13.7 | -9.9% | $100 |
| 1933 | 13 | -5.1% | $94.89 |
| 1934 | 13.4 | 3.1% | $97.81 |
| 1935 | 13.7 | 2.2% | $100 |
| 1936 | 13.9 | 1.5% | $101 |
| 1937 | 14.4 | 3.6% | $105 |
| 1938 | 14.1 | -2.1% | $103 |
| 1939 | 13.9 | -1.4% | $101 |
| 1940 | 14 | 0.7% | $102 |
| 1941 | 14.7 | 5.0% | $107 |
| 1942 | 16.3 | 10.9% | $119 |
| 1943 | 17.3 | 6.1% | $126 |
| 1944 | 17.6 | 1.7% | $128 |
| 1945 | 18 | 2.3% | $131 |
MLA: “Inflation from 1932 to 1945: $100 is worth $131 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1932-to-1945/
APA: InflationCalculator.com. Inflation from 1932 to 1945. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1932-to-1945/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.