U.S. inflation · 1942–1948
$100 in 1942 has the same buying power as
$148
in 1948
| Cumulative price change | 47.9% |
|---|---|
| Average inflation rate | 6.73% per year |
| Converted amount ($100 base) | $148 |
| Price difference ($100 base) | $47.85 |
| CPI in 1942 | 16.3 |
| CPI in 1948 | 24.1 |
| Inflation in 1942 | 10.88% |
| Inflation in 1948 | 8.07% |
| $100 in 1942 → 1948 | $148 |
| $100 in 1948 → 1942 | $67.63 |
Between 1942 and 1948, the Consumer Price Index went from 16.3 to 24.1. Cumulatively, prices increased 47.9%, which works out to an average of 6.73% per year. Put differently, a dollar in 1942 bought what $0.68 buys in 1948.
| Amount in 1942 | Value in 1948 |
|---|---|
| $1.00 | $1.48 |
| $5.00 | $7.39 |
| $10.00 | $14.79 |
| $20.00 | $29.57 |
| $50.00 | $73.93 |
| $100 | $148 |
| $500 | $739 |
| $1,000 | $1,479 |
| $5,000 | $7,393 |
| $10,000 | $14,785 |
| $100,000 | $147,853 |
| $1,000,000 | $1,478,528 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1942 spending costs in 1948, by category:
| Category | Avg. yearly inflation | $100 in 1942 → |
|---|---|---|
| All items (CPI-U) | 6.73% | $148 |
| Food | 9.19% | $169 |
| Apparel | 8.06% | $159 |
| Medical care | 5.07% | $135 |
| Transportation | 4.30% | $129 |
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–).
| Year | CPI | Inflation rate | $100 from 1942 |
|---|---|---|---|
| 1942 | 16.3 | 10.9% | $100 |
| 1943 | 17.3 | 6.1% | $106 |
| 1944 | 17.6 | 1.7% | $108 |
| 1945 | 18 | 2.3% | $110 |
| 1946 | 19.5 | 8.3% | $120 |
| 1947 | 22.3 | 14.4% | $137 |
| 1948 | 24.1 | 8.1% | $148 |
MLA: “Inflation from 1942 to 1948: $100 is worth $148 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1942-to-1948/
APA: InflationCalculator.com. Inflation from 1942 to 1948. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1942-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.