U.S. inflation · 1943–1974
$100 in 1943 has the same buying power as
$285
in 1974
| Cumulative price change | 185.0% |
|---|---|
| Average inflation rate | 3.44% per year |
| Converted amount ($100 base) | $285 |
| Price difference ($100 base) | $185 |
| CPI in 1943 | 17.3 |
| CPI in 1974 | 49.3 |
| Inflation in 1943 | 6.13% |
| Inflation in 1974 | 11.04% |
| $100 in 1943 → 1974 | $285 |
| $100 in 1974 → 1943 | $35.09 |
Between 1943 and 1974, the Consumer Price Index went from 17.3 to 49.3. Cumulatively, prices increased 185.0%, which works out to an average of 3.44% per year. Put differently, a dollar in 1943 bought what $0.35 buys in 1974.
| Amount in 1943 | Value in 1974 |
|---|---|
| $1.00 | $2.85 |
| $5.00 | $14.25 |
| $10.00 | $28.50 |
| $20.00 | $56.99 |
| $50.00 | $142 |
| $100 | $285 |
| $500 | $1,425 |
| $1,000 | $2,850 |
| $5,000 | $14,249 |
| $10,000 | $28,497 |
| $100,000 | $284,971 |
| $1,000,000 | $2,849,711 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1943 spending costs in 1974, by category:
| Category | Avg. yearly inflation | $100 in 1943 → |
|---|---|---|
| All items (CPI-U) | 3.44% | $285 |
| Medical care | 4.39% | $379 |
| Food | 3.85% | $322 |
| Transportation | 3.47% | $288 |
| Apparel | 3.00% | $250 |
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 |
| 1945 | 18 | 2.3% | $104 |
| 1947 | 22.3 | 14.4% | $129 |
| 1949 | 23.8 | -1.2% | $138 |
| 1951 | 26 | 7.9% | $150 |
| 1953 | 26.7 | 0.8% | $154 |
| 1955 | 26.8 | -0.4% | $155 |
| 1957 | 28.1 | 3.3% | $162 |
| 1959 | 29.1 | 0.7% | $168 |
| 1961 | 29.9 | 1.0% | $173 |
| 1963 | 30.6 | 1.3% | $177 |
| 1965 | 31.5 | 1.6% | $182 |
| 1967 | 33.4 | 3.1% | $193 |
| 1969 | 36.7 | 5.5% | $212 |
| 1971 | 40.5 | 4.4% | $234 |
| 1973 | 44.4 | 6.2% | $257 |
| 1974 | 49.3 | 11.0% | $285 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1943 to 1974: $100 is worth $285 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1943-to-1974/
APA: InflationCalculator.com. Inflation from 1943 to 1974. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1943-to-1974/
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.