U.S. inflation · 1934–1948
$100 in 1934 has the same buying power as
$180
in 1948
| Cumulative price change | 79.9% |
|---|---|
| Average inflation rate | 4.28% per year |
| Converted amount ($100 base) | $180 |
| Price difference ($100 base) | $79.85 |
| CPI in 1934 | 13.4 |
| CPI in 1948 | 24.1 |
| Inflation in 1934 | 3.08% |
| Inflation in 1948 | 8.07% |
| $100 in 1934 → 1948 | $180 |
| $100 in 1948 → 1934 | $55.60 |
Between 1934 and 1948, the Consumer Price Index went from 13.4 to 24.1. Cumulatively, prices increased 79.9%, which works out to an average of 4.28% per year. Put differently, a dollar in 1934 bought what $0.56 buys in 1948.
| Amount in 1934 | Value in 1948 |
|---|---|
| $1.00 | $1.80 |
| $5.00 | $8.99 |
| $10.00 | $17.99 |
| $20.00 | $35.97 |
| $50.00 | $89.93 |
| $100 | $180 |
| $500 | $899 |
| $1,000 | $1,799 |
| $5,000 | $8,993 |
| $10,000 | $17,985 |
| $100,000 | $179,851 |
| $1,000,000 | $1,798,507 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1934 spending costs in 1948, by category:
| Category | Avg. yearly inflation | $100 in 1934 → |
|---|---|---|
| All items (CPI-U) | 4.28% | $180 |
| Food | 5.96% | $225 |
| Apparel | 5.31% | $206 |
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 |
| 1947 | 22.3 | 14.4% | $166 |
| 1948 | 24.1 | 8.1% | $180 |
MLA: “Inflation from 1934 to 1948: $100 is worth $180 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1934-to-1948/
APA: InflationCalculator.com. Inflation from 1934 to 1948. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1934-to-1948/
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.