U.S. inflation · 1939–1948
$100 in 1939 has the same buying power as
$173
in 1948
| Cumulative price change | 73.4% |
|---|---|
| Average inflation rate | 6.31% per year |
| Converted amount ($100 base) | $173 |
| Price difference ($100 base) | $73.38 |
| CPI in 1939 | 13.9 |
| CPI in 1948 | 24.1 |
| Inflation in 1939 | -1.42% |
| Inflation in 1948 | 8.07% |
| $100 in 1939 → 1948 | $173 |
| $100 in 1948 → 1939 | $57.68 |
Between 1939 and 1948, the Consumer Price Index went from 13.9 to 24.1. Cumulatively, prices increased 73.4%, which works out to an average of 6.31% per year. Put differently, a dollar in 1939 bought what $0.58 buys in 1948.
| Amount in 1939 | Value in 1948 |
|---|---|
| $1.00 | $1.73 |
| $5.00 | $8.67 |
| $10.00 | $17.34 |
| $20.00 | $34.68 |
| $50.00 | $86.69 |
| $100 | $173 |
| $500 | $867 |
| $1,000 | $1,734 |
| $5,000 | $8,669 |
| $10,000 | $17,338 |
| $100,000 | $173,381 |
| $1,000,000 | $1,733,813 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1939 spending costs in 1948, by category:
| Category | Avg. yearly inflation | $100 in 1939 → |
|---|---|---|
| All items (CPI-U) | 6.31% | $173 |
| Food | 9.22% | $221 |
| Apparel | 7.81% | $197 |
| Transportation | 4.14% | $144 |
| Medical care | 3.79% | $140 |
Not shown because the BLS began these indexes after 1939: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1939 |
|---|---|---|---|
| 1939 | 13.9 | -1.4% | $100 |
| 1940 | 14 | 0.7% | $101 |
| 1941 | 14.7 | 5.0% | $106 |
| 1942 | 16.3 | 10.9% | $117 |
| 1943 | 17.3 | 6.1% | $124 |
| 1944 | 17.6 | 1.7% | $127 |
| 1945 | 18 | 2.3% | $129 |
| 1946 | 19.5 | 8.3% | $140 |
| 1947 | 22.3 | 14.4% | $160 |
| 1948 | 24.1 | 8.1% | $173 |
MLA: “Inflation from 1939 to 1948: $100 is worth $173 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1939-to-1948/
APA: InflationCalculator.com. Inflation from 1939 to 1948. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1939-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.