$100 in 1939 is worth $1,763 in 2017,
because prices increased 1663.5% over that period, an average of
3.75% a year.
$100 in 1939 has
the same buying power as
$1,763
in 2017
Detailed inflation statistics
Cumulative price change
1663.5%
Average inflation rate
3.75% per year
Converted amount ($100 base)
$1,763
Price difference ($100 base)
$1,663
CPI in 1939
13.9
CPI in 2017
245.12
Inflation in 1939
-1.42%
Inflation in 2017
2.13%
$100 in 1939 → 2017
$1,763
$100 in 2017 → 1939
$5.67
What happened to prices between 1939 and 2017
Between 1939 and 2017, the Consumer Price Index went from 13.9 to 245.12.
Cumulatively, prices increased 1663.5%, which works out to an average of
3.75% per year. Put differently, a dollar in 1939 bought what
$0.06 buys in 2017: the 1939 dollar
lost 94.3% of its purchasing power over
these 78 years.
Consumer prices fell 1.4% in 1939, closing out a decade in which the CPI
fell in six years and rose in four, leaving prices 18.7% below their
1929 level even after the mid-decade recovery. Measured
against the start of the CPI’s modern record, prices still stood 40.4%
above their 1913 level, a reminder that even a decade defined
by deflation left the cost of living well above where it had been a
generation earlier. The decade’s final months reset the economic picture
entirely. Germany invaded Poland on September 1, and Britain and France
declared war two days later; the United States stayed formally neutral
under the Neutrality Acts, but Allied orders for war materiel began flowing
to American factories almost immediately, a demand shock that would do more
to end the Depression over the next few years than any peacetime relief
program had managed. Domestic policy kept building on the New Deal’s
framework, too: the federal minimum wage rose to 30 cents an hour that
October, the second step in the schedule set by the 1938 Fair Labor
Standards Act. Amid it all, the New York World’s Fair opened April 30 in
Queens, themed “The World of Tomorrow” and drawing tens of millions of
visitors with exhibits on television and other technologies promising a
more prosperous decade than the one just ending. First-class postage held
at 3 cents.
Every 1939 amount converts to 2017 at the same ratio, 17.63: $1,000 becomes
$17,635, and $10,000 becomes $176,345.
Amount in 1939
Value in 2017
$1.00
$17.63
$5.00
$88.17
$10.00
$176
$20.00
$353
$50.00
$882
$100
$1,763
$500
$8,817
$1,000
$17,635
$5,000
$88,173
$10,000
$176,345
$100,000
$1,763,453
$1,000,000
$17,634,532
Inflation by spending category, 1939–2017
Between 1939 and 2017, medical care rose the most, up 4514.8%, while apparel rose the least, up 481.5%, against 1663.5% for all items. The headline number is an average; here is what $100 of 1939
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 1939 →
All items (CPI-U)
3.75%
$1,763
Medical care
5.04%
$4,615
Food
3.99%
$2,119
Transportation
3.45%
$1,410
Apparel
2.28%
$582
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–).
Decade by decade: 1939 to 2017
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1930s (0.72% a year). Each step below chains into the full 1939–2017 change:
Years
Avg. yearly inflation
Price change
$100 from 1939, at end
1939–1940
0.72%
0.7%
$101
1940–1950
5.58%
72.1%
$173
1950–1960
2.08%
22.8%
$213
1960–1970
2.74%
31.1%
$279
1970–1980
7.82%
112.4%
$593
1980–1990
4.72%
58.6%
$940
1990–2000
2.80%
31.8%
$1,239
2000–2010
2.39%
26.6%
$1,569
2010–2017
1.69%
12.4%
$1,763
Year by year: CPI and the value of $100 from 1939
$100 from 1939 had already become $522 by
1979, on its way to $1,763 in 2017; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 14.4% in 1947, and prices fell 1.2% in 1949, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2017
In 2017, prices rose 2.1% and $100 from 1939 had the buying
power of $1,763; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 1939 to 2017: $100 is worth $1,763 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1939-to-2017/
APA: InflationCalculator.com. Inflation from 1939 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1939-to-2017/