$100 in 1940 is worth $934 in 1990,
because prices increased 833.6% over that period, an average of
4.57% a year.
$100 in 1940 has
the same buying power as
$934
in 1990
Detailed inflation statistics
Cumulative price change
833.6%
Average inflation rate
4.57% per year
Converted amount ($100 base)
$934
Price difference ($100 base)
$834
CPI in 1940
14
CPI in 1990
130.7
Inflation in 1940
0.72%
Inflation in 1990
5.40%
$100 in 1940 → 1990
$934
$100 in 1990 → 1940
$10.71
What happened to prices between 1940 and 1990
Between 1940 and 1990, the Consumer Price Index went from 14 to 130.7.
Cumulatively, prices increased 833.6%, which works out to an average of
4.57% per year. Put differently, a dollar in 1940 bought what
$0.11 buys in 1990: the 1940 dollar
lost 89.3% of its purchasing power over
these 50 years.
Consumer prices rose 0.7% in 1940, snapping 1939’s decline
and marking the first increase since 1937. The gain was modest, and the CPI
still stood 18.1% below its 1929 peak, a reminder of how far
the recovery from the Depression’s trough had left to go even as defense
orders from Britain and France began reaching American factories. War was
already reshaping domestic policy well before it touched American soil.
Congress passed the Selective Training and Service Act that September, the
country’s first peacetime draft, requiring men aged 21 to 35 to register and
authorizing the induction of up to 900,000 men a year, more than a year
before Pearl Harbor. That November, Franklin Roosevelt won an unprecedented
third term, defeating Republican Wendell Willkie after campaigning on
keeping the United States out of the war then consuming Europe and Asia. The
promise would not hold much longer: within two years, wartime demand would
push consumer prices up faster than at any point since the aftermath of
World War I. First-class postage held at 3 cents, and the federal minimum
wage stayed at 30 cents an hour, the level set the previous October under
the Fair Labor Standards Act.
Every 1940 amount converts to 1990 at the same ratio, 9.34: $1,000 becomes
$9,336, and $10,000 becomes $93,357.
Amount in 1940
Value in 1990
$1.00
$9.34
$5.00
$46.68
$10.00
$93.36
$20.00
$187
$50.00
$467
$100
$934
$500
$4,668
$1,000
$9,336
$5,000
$46,679
$10,000
$93,357
$100,000
$933,571
$1,000,000
$9,335,714
Inflation by spending category, 1940–1990
Between 1940 and 1990, medical care rose the most, up 1465.4%, while apparel rose the least, up 469.3%, against 833.6% for all items. The headline number is an average; here is what $100 of 1940
spending costs in 1990, by category:
Category
Avg. yearly inflation
$100 in 1940 →
All items (CPI-U)
4.57%
$934
Medical care
5.66%
$1,565
Food
4.92%
$1,103
Transportation
4.37%
$849
Apparel
3.54%
$569
Not shown because the BLS began these indexes after 1940: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1940 to 1990
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1950s (2.08% a year). Each step below chains into the full 1940–1990 change:
Years
Avg. yearly inflation
Price change
$100 from 1940, at end
1940–1950
5.58%
72.1%
$172
1950–1960
2.08%
22.8%
$211
1960–1970
2.74%
31.1%
$277
1970–1980
7.82%
112.4%
$589
1980–1990
4.72%
58.6%
$934
Year by year: CPI and the value of $100 from 1940
$100 from 1940 had already become $221 by
1964, on its way to $934 in 1990; 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 2 years; the calculator above covers any pair of years.
The destination year: 1990
In 1990, prices rose 5.4% and $100 from 1940 had the buying
power of $934; the year's average CPI of 130.7 is the level
behind every 1990 figure on this page.
In 1990, the median U.S. household earned about $29,900, gas averaged $1.15 a
gallon, and mailing a letter cost a quarter. Inflation ran hot at 5.4% for the
year, its highest rate since 1982, pushed up by an oil shock after Iraq’s
invasion of Kuwait, and the economy tipped into recession that summer. It was
the last gasp of elevated inflation before the long calm of the 1990s.
MLA: “Inflation from 1940 to 1990: $100 is worth $934 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1940-to-1990/
APA: InflationCalculator.com. Inflation from 1940 to 1990. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1940-to-1990/