U.S. inflation · 1944–1998
$100 in 1944 has the same buying power as
$926
in 1998
| Cumulative price change | 826.1% |
|---|---|
| Average inflation rate | 4.21% per year |
| Converted amount ($100 base) | $926 |
| Price difference ($100 base) | $826 |
| CPI in 1944 | 17.6 |
| CPI in 1998 | 163 |
| Inflation in 1944 | 1.73% |
| Inflation in 1998 | 1.56% |
| $100 in 1944 → 1998 | $926 |
| $100 in 1998 → 1944 | $10.80 |
Between 1944 and 1998, the Consumer Price Index went from 17.6 to 163. Cumulatively, prices increased 826.1%, which works out to an average of 4.21% per year. Put differently, a dollar in 1944 bought what $0.11 buys in 1998.
| Amount in 1944 | Value in 1998 |
|---|---|
| $1.00 | $9.26 |
| $5.00 | $46.31 |
| $10.00 | $92.61 |
| $20.00 | $185 |
| $50.00 | $463 |
| $100 | $926 |
| $500 | $4,631 |
| $1,000 | $9,261 |
| $5,000 | $46,307 |
| $10,000 | $92,614 |
| $100,000 | $926,136 |
| $1,000,000 | $9,261,364 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1944 spending costs in 1998, by category:
| Category | Avg. yearly inflation | $100 in 1944 → |
|---|---|---|
| All items (CPI-U) | 4.21% | $926 |
| Medical care | 5.79% | $2,087 |
| Food | 4.26% | $951 |
| Transportation | 4.13% | $891 |
| Apparel | 2.81% | $446 |
Not shown because the BLS began these indexes after 1944: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1944 |
|---|---|---|---|
| 1944 | 17.6 | 1.7% | $100 |
| 1946 | 19.5 | 8.3% | $111 |
| 1948 | 24.1 | 8.1% | $137 |
| 1950 | 24.1 | 1.3% | $137 |
| 1952 | 26.5 | 1.9% | $151 |
| 1954 | 26.9 | 0.7% | $153 |
| 1956 | 27.2 | 1.5% | $155 |
| 1958 | 28.9 | 2.8% | $164 |
| 1960 | 29.6 | 1.7% | $168 |
| 1962 | 30.2 | 1.0% | $172 |
| 1964 | 31 | 1.3% | $176 |
| 1966 | 32.4 | 2.9% | $184 |
| 1968 | 34.8 | 4.2% | $198 |
| 1970 | 38.8 | 5.7% | $220 |
| 1972 | 41.8 | 3.2% | $237 |
| 1974 | 49.3 | 11.0% | $280 |
| 1976 | 56.9 | 5.8% | $323 |
| 1978 | 65.2 | 7.6% | $370 |
| 1980 | 82.4 | 13.5% | $468 |
| 1982 | 96.5 | 6.2% | $548 |
| 1984 | 103.9 | 4.3% | $590 |
| 1986 | 109.6 | 1.9% | $623 |
| 1988 | 118.3 | 4.1% | $672 |
| 1990 | 130.7 | 5.4% | $743 |
| 1992 | 140.3 | 3.0% | $797 |
| 1994 | 148.2 | 2.6% | $842 |
| 1996 | 156.9 | 3.0% | $891 |
| 1998 | 163 | 1.6% | $926 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1944 to 1998: $100 is worth $926 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1944-to-1998/
APA: InflationCalculator.com. Inflation from 1944 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1944-to-1998/
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.