U.S. inflation · 1939–2003
$100 in 1939 has the same buying power as
$1,324
in 2003
| Cumulative price change | 1223.7% |
|---|---|
| Average inflation rate | 4.12% per year |
| Converted amount ($100 base) | $1,324 |
| Price difference ($100 base) | $1,224 |
| CPI in 1939 | 13.9 |
| CPI in 2003 | 184 |
| Inflation in 1939 | -1.42% |
| Inflation in 2003 | 2.28% |
| $100 in 1939 → 2003 | $1,324 |
| $100 in 2003 → 1939 | $7.55 |
Between 1939 and 2003, the Consumer Price Index went from 13.9 to 184. Cumulatively, prices increased 1223.7%, which works out to an average of 4.12% per year. Put differently, a dollar in 1939 bought what $0.08 buys in 2003.
| Amount in 1939 | Value in 2003 |
|---|---|
| $1.00 | $13.24 |
| $5.00 | $66.19 |
| $10.00 | $132 |
| $20.00 | $265 |
| $50.00 | $662 |
| $100 | $1,324 |
| $500 | $6,619 |
| $1,000 | $13,237 |
| $5,000 | $66,187 |
| $10,000 | $132,374 |
| $100,000 | $1,323,741 |
| $1,000,000 | $13,237,410 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1939 spending costs in 2003, by category:
| Category | Avg. yearly inflation | $100 in 1939 → |
|---|---|---|
| All items (CPI-U) | 4.12% | $1,324 |
| Medical care | 5.39% | $2,884 |
| Food | 4.35% | $1,525 |
| Transportation | 3.82% | $1,102 |
| Apparel | 2.73% | $560 |
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 |
| 1944 | 17.6 | 1.7% | $127 |
| 1949 | 23.8 | -1.2% | $171 |
| 1954 | 26.9 | 0.7% | $194 |
| 1959 | 29.1 | 0.7% | $209 |
| 1964 | 31 | 1.3% | $223 |
| 1969 | 36.7 | 5.5% | $264 |
| 1974 | 49.3 | 11.0% | $355 |
| 1979 | 72.6 | 11.3% | $522 |
| 1984 | 103.9 | 4.3% | $747 |
| 1989 | 124 | 4.8% | $892 |
| 1994 | 148.2 | 2.6% | $1,066 |
| 1999 | 166.6 | 2.2% | $1,199 |
| 2003 | 184 | 2.3% | $1,324 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1939 to 2003: $100 is worth $1,324 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1939-to-2003/
APA: InflationCalculator.com. Inflation from 1939 to 2003. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1939-to-2003/
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.