Between 1941 and 1942, the Consumer Price Index went from 14.7 to 16.3.
Cumulatively, prices increased 10.9%, which works out to an average of
10.88% per year. Put differently, a dollar in 1941 bought what
$0.90 buys in 1942.
Common amounts: 1941 dollars in 1942
Amount in 1941
Value in 1942
$1.00
$1.11
$5.00
$5.54
$10.00
$11.09
$20.00
$22.18
$50.00
$55.44
$100
$111
$500
$554
$1,000
$1,109
$5,000
$5,544
$10,000
$11,088
$100,000
$110,884
$1,000,000
$1,108,844
Inflation by spending category, 1941–1942
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1941 spending costs in 1942, by category:
Category
Avg. yearly inflation
$100 in 1941 →
All items (CPI-U)
10.88%
$111
Food
17.56%
$118
Apparel
17.11%
$117
Transportation
8.84%
$109
Medical care
2.88%
$103
Not shown because the BLS began these indexes after 1941: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1941 to 1942: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1941-to-1942/
APA: InflationCalculator.com. Inflation from 1941 to 1942. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1941-to-1942/