$100 in 1941 is worth $1,410 in 2007,
because prices increased 1310.5% over that period, an average of
4.09% a year.
$100 in 1941 has
the same buying power as
$1,410
in 2007
Detailed inflation statistics
Cumulative price change
1310.5%
Average inflation rate
4.09% per year
Converted amount ($100 base)
$1,410
Price difference ($100 base)
$1,310
CPI in 1941
14.7
CPI in 2007
207.342
Inflation in 1941
5.00%
Inflation in 2007
2.85%
$100 in 1941 → 2007
$1,410
$100 in 2007 → 1941
$7.09
What happened to prices between 1941 and 2007
Between 1941 and 2007, the Consumer Price Index went from 14.7 to 207.342.
Cumulatively, prices increased 1310.5%, which works out to an average of
4.09% per year. Put differently, a dollar in 1941 bought what
$0.07 buys in 2007: the 1941 dollar
lost 92.9% of its purchasing power over
these 66 years.
Consumer prices rose 5.0% in 1941, up sharply from just 0.7% in
1940 and the fastest annual increase since 1920, as
rearmament and Lend-Lease production pushed demand well ahead of peacetime
supply even before the United States formally joined the war. Congress had
already tilted the country away from neutrality that March, passing the
Lend-Lease Act to arm Britain, and later the Soviet Union and other Allies,
without requiring immediate payment. That April, the government created the
Office of Price Administration to hold down the cost of civilian goods, the
start of a price-control system that would keep official inflation numbers
well below what wartime demand alone would have produced over the next four
years. Then, on December 7, Japan attacked the naval base at Pearl Harbor,
destroying much of the Pacific Fleet and killing more than 2,400 Americans.
Congress declared war on Japan the next day and on Germany and Italy three
days later, ending years of debate over whether the United States should
stay out of the conflict spreading across Europe and Asia. Consumer prices,
already up 48.5% from their 1913 level, would climb far
faster over the next two years as the economy converted fully to war
production. First-class postage held at 3 cents, and the minimum wage stayed
at 30 cents an hour.
Every 1941 amount converts to 2007 at the same ratio, 14.10: $1,000 becomes
$14,105, and $10,000 becomes $141,049.
Amount in 1941
Value in 2007
$1.00
$14.10
$5.00
$70.52
$10.00
$141
$20.00
$282
$50.00
$705
$100
$1,410
$500
$7,052
$1,000
$14,105
$5,000
$70,524
$10,000
$141,049
$100,000
$1,410,490
$1,000,000
$14,104,898
Inflation by spending category, 1941–2007
Between 1941 and 2007, medical care rose the most, up 3275.5%, while apparel rose the least, up 421.9%, against 1310.5% for all items. The headline number is an average; here is what $100 of 1941
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1941 →
All items (CPI-U)
4.09%
$1,410
Medical care
5.48%
$3,376
Food
4.24%
$1,549
Transportation
3.91%
$1,256
Apparel
2.54%
$522
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–).
Decade by decade: 1941 to 2007
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 1941–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1941, at end
1941–1950
5.65%
63.9%
$164
1950–1960
2.08%
22.8%
$201
1960–1970
2.74%
31.1%
$264
1970–1980
7.82%
112.4%
$561
1980–1990
4.72%
58.6%
$889
1990–2000
2.80%
31.8%
$1,171
2000–2007
2.69%
20.4%
$1,410
Year by year: CPI and the value of $100 from 1941
$100 from 1941 had already become $387 by
1976, on its way to $1,410 in 2007; 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: 2007
In 2007, prices rose 2.8% and $100 from 1941 had the buying
power of $1,410; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1941 to 2007: $100 is worth $1,410 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1941-to-2007/
APA: InflationCalculator.com. Inflation from 1941 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1941-to-2007/