U.S. inflation · 1934–1946
$100 in 1934 has the same buying power as
$146
in 1946
| Cumulative price change | 45.5% |
|---|---|
| Average inflation rate | 3.18% per year |
| Converted amount ($100 base) | $146 |
| Price difference ($100 base) | $45.52 |
| CPI in 1934 | 13.4 |
| CPI in 1946 | 19.5 |
| Inflation in 1934 | 3.08% |
| Inflation in 1946 | 8.33% |
| $100 in 1934 → 1946 | $146 |
| $100 in 1946 → 1934 | $68.72 |
Between 1934 and 1946, the Consumer Price Index went from 13.4 to 19.5. Cumulatively, prices increased 45.5%, which works out to an average of 3.18% per year. Put differently, a dollar in 1934 bought what $0.69 buys in 1946.
| Amount in 1934 | Value in 1946 |
|---|---|
| $1.00 | $1.46 |
| $5.00 | $7.28 |
| $10.00 | $14.55 |
| $20.00 | $29.10 |
| $50.00 | $72.76 |
| $100 | $146 |
| $500 | $728 |
| $1,000 | $1,455 |
| $5,000 | $7,276 |
| $10,000 | $14,552 |
| $100,000 | $145,522 |
| $1,000,000 | $1,455,224 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1934 spending costs in 1946, by category:
| Category | Avg. yearly inflation | $100 in 1934 → |
|---|---|---|
| All items (CPI-U) | 3.18% | $146 |
| Food | 4.56% | $171 |
| Apparel | 4.37% | $167 |
Not shown because the BLS began these indexes after 1934: 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 1934 |
|---|---|---|---|
| 1934 | 13.4 | 3.1% | $100 |
| 1935 | 13.7 | 2.2% | $102 |
| 1936 | 13.9 | 1.5% | $104 |
| 1937 | 14.4 | 3.6% | $107 |
| 1938 | 14.1 | -2.1% | $105 |
| 1939 | 13.9 | -1.4% | $104 |
| 1940 | 14 | 0.7% | $104 |
| 1941 | 14.7 | 5.0% | $110 |
| 1942 | 16.3 | 10.9% | $122 |
| 1943 | 17.3 | 6.1% | $129 |
| 1944 | 17.6 | 1.7% | $131 |
| 1945 | 18 | 2.3% | $134 |
| 1946 | 19.5 | 8.3% | $146 |
MLA: “Inflation from 1934 to 1946: $100 is worth $146 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1934-to-1946/
APA: InflationCalculator.com. Inflation from 1934 to 1946. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1934-to-1946/
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.