U.S. inflation · 1943–1960
$100 in 1943 has the same buying power as
$171
in 1960
| Cumulative price change | 71.1% |
|---|---|
| Average inflation rate | 3.21% per year |
| Converted amount ($100 base) | $171 |
| Price difference ($100 base) | $71.10 |
| CPI in 1943 | 17.3 |
| CPI in 1960 | 29.6 |
| Inflation in 1943 | 6.13% |
| Inflation in 1960 | 1.72% |
| $100 in 1943 → 1960 | $171 |
| $100 in 1960 → 1943 | $58.45 |
Between 1943 and 1960, the Consumer Price Index went from 17.3 to 29.6. Cumulatively, prices increased 71.1%, which works out to an average of 3.21% per year. Put differently, a dollar in 1943 bought what $0.58 buys in 1960.
| Amount in 1943 | Value in 1960 |
|---|---|
| $1.00 | $1.71 |
| $5.00 | $8.55 |
| $10.00 | $17.11 |
| $20.00 | $34.22 |
| $50.00 | $85.55 |
| $100 | $171 |
| $500 | $855 |
| $1,000 | $1,711 |
| $5,000 | $8,555 |
| $10,000 | $17,110 |
| $100,000 | $171,098 |
| $1,000,000 | $1,710,983 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1943 spending costs in 1960, by category:
| Category | Avg. yearly inflation | $100 in 1943 → |
|---|---|---|
| All items (CPI-U) | 3.21% | $171 |
| Medical care | 4.13% | $199 |
| Transportation | 3.76% | $187 |
| Food | 3.36% | $175 |
| Apparel | 2.97% | $164 |
Not shown because the BLS began these indexes after 1943: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1943 |
|---|---|---|---|
| 1943 | 17.3 | 6.1% | $100 |
| 1944 | 17.6 | 1.7% | $102 |
| 1945 | 18 | 2.3% | $104 |
| 1946 | 19.5 | 8.3% | $113 |
| 1947 | 22.3 | 14.4% | $129 |
| 1948 | 24.1 | 8.1% | $139 |
| 1949 | 23.8 | -1.2% | $138 |
| 1950 | 24.1 | 1.3% | $139 |
| 1951 | 26 | 7.9% | $150 |
| 1952 | 26.5 | 1.9% | $153 |
| 1953 | 26.7 | 0.8% | $154 |
| 1954 | 26.9 | 0.7% | $155 |
| 1955 | 26.8 | -0.4% | $155 |
| 1956 | 27.2 | 1.5% | $157 |
| 1957 | 28.1 | 3.3% | $162 |
| 1958 | 28.9 | 2.8% | $167 |
| 1959 | 29.1 | 0.7% | $168 |
| 1960 | 29.6 | 1.7% | $171 |
MLA: “Inflation from 1943 to 1960: $100 is worth $171 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1943-to-1960/
APA: InflationCalculator.com. Inflation from 1943 to 1960. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1943-to-1960/
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.