Between 1941 and 1956, the Consumer Price Index went from 14.7 to 27.2.
Cumulatively, prices increased 85.0%, which works out to an average of
4.19% per year. Put differently, a dollar in 1941 bought what
$0.54 buys in 1956.
Common amounts: 1941 dollars in 1956
Amount in 1941
Value in 1956
$1.00
$1.85
$5.00
$9.25
$10.00
$18.50
$20.00
$37.01
$50.00
$92.52
$100
$185
$500
$925
$1,000
$1,850
$5,000
$9,252
$10,000
$18,503
$100,000
$185,034
$1,000,000
$1,850,340
Inflation by spending category, 1941–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1941 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1941 →
All items (CPI-U)
4.19%
$185
Food
5.19%
$214
Apparel
4.43%
$192
Medical care
4.06%
$182
Transportation
3.93%
$178
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 1956: $100 is worth $185 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1941-to-1956/
APA: InflationCalculator.com. Inflation from 1941 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1941-to-1956/