U.S. inflation · 1941–1948
$100 in 1941 has the same buying power as
$164
in 1948
| Cumulative price change | 63.9% |
|---|---|
| Average inflation rate | 7.32% per year |
| Converted amount ($100 base) | $164 |
| Price difference ($100 base) | $63.95 |
| CPI in 1941 | 14.7 |
| CPI in 1948 | 24.1 |
| Inflation in 1941 | 5.00% |
| Inflation in 1948 | 8.07% |
| $100 in 1941 → 1948 | $164 |
| $100 in 1948 → 1941 | $61.00 |
Between 1941 and 1948, the Consumer Price Index went from 14.7 to 24.1. Cumulatively, prices increased 63.9%, which works out to an average of 7.32% per year. Put differently, a dollar in 1941 bought what $0.61 buys in 1948.
| Amount in 1941 | Value in 1948 |
|---|---|
| $1.00 | $1.64 |
| $5.00 | $8.20 |
| $10.00 | $16.39 |
| $20.00 | $32.79 |
| $50.00 | $81.97 |
| $100 | $164 |
| $500 | $820 |
| $1,000 | $1,639 |
| $5,000 | $8,197 |
| $10,000 | $16,395 |
| $100,000 | $163,946 |
| $1,000,000 | $1,639,456 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1941 spending costs in 1948, by category:
| Category | Avg. yearly inflation | $100 in 1941 → |
|---|---|---|
| All items (CPI-U) | 7.32% | $164 |
| Food | 10.35% | $199 |
| Apparel | 9.30% | $186 |
| Transportation | 4.94% | $140 |
| Medical care | 4.76% | $138 |
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–).
| Year | CPI | Inflation rate | $100 from 1941 |
|---|---|---|---|
| 1941 | 14.7 | 5.0% | $100 |
| 1942 | 16.3 | 10.9% | $111 |
| 1943 | 17.3 | 6.1% | $118 |
| 1944 | 17.6 | 1.7% | $120 |
| 1945 | 18 | 2.3% | $122 |
| 1946 | 19.5 | 8.3% | $133 |
| 1947 | 22.3 | 14.4% | $152 |
| 1948 | 24.1 | 8.1% | $164 |
MLA: “Inflation from 1941 to 1948: $100 is worth $164 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1941-to-1948/
APA: InflationCalculator.com. Inflation from 1941 to 1948. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1941-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.