Between 1942 and 1955, the Consumer Price Index went from 16.3 to 26.8.
Cumulatively, prices increased 64.4%, which works out to an average of
3.90% per year. Put differently, a dollar in 1942 bought what
$0.61 buys in 1955.
Common amounts: 1942 dollars in 1955
Amount in 1942
Value in 1955
$1.00
$1.64
$5.00
$8.22
$10.00
$16.44
$20.00
$32.88
$50.00
$82.21
$100
$164
$500
$822
$1,000
$1,644
$5,000
$8,221
$10,000
$16,442
$100,000
$164,417
$1,000,000
$1,644,172
Inflation by spending category, 1942–1955
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1942 spending costs in 1955, by category:
Category
Avg. yearly inflation
$100 in 1942 →
All items (CPI-U)
3.90%
$164
Food
4.65%
$181
Medical care
4.17%
$170
Transportation
3.74%
$161
Apparel
3.72%
$161
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 1955: $100 is worth $164 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1942-to-1955/
APA: InflationCalculator.com. Inflation from 1942 to 1955. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1942-to-1955/