Between 1942 and 1943, the Consumer Price Index went from 16.3 to 17.3.
Cumulatively, prices increased 6.1%, which works out to an average of
6.13% per year. Put differently, a dollar in 1942 bought what
$0.94 buys in 1943.
Common amounts: 1942 dollars in 1943
Amount in 1942
Value in 1943
$1.00
$1.06
$5.00
$5.31
$10.00
$10.61
$20.00
$21.23
$50.00
$53.07
$100
$106
$500
$531
$1,000
$1,061
$5,000
$5,307
$10,000
$10,613
$100,000
$106,135
$1,000,000
$1,061,350
Inflation by spending category, 1942–1943
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1942 spending costs in 1943, by category:
Category
Avg. yearly inflation
$100 in 1942 →
All items (CPI-U)
6.13%
$106
Food
11.04%
$111
Medical care
4.67%
$105
Apparel
4.12%
$104
Transportation
-0.62%
$99.38
Not shown because the BLS began these indexes after 1942: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1942 to 1943: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1942-to-1943/
APA: InflationCalculator.com. Inflation from 1942 to 1943. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1942-to-1943/