U.S. inflation · 1944–2008
$100 in 1944 has the same buying power as
$1,223
in 2008
| Cumulative price change | 1123.3% |
|---|---|
| Average inflation rate | 3.99% per year |
| Converted amount ($100 base) | $1,223 |
| Price difference ($100 base) | $1,123 |
| CPI in 1944 | 17.6 |
| CPI in 2008 | 215.303 |
| Inflation in 1944 | 1.73% |
| Inflation in 2008 | 3.84% |
| $100 in 1944 → 2008 | $1,223 |
| $100 in 2008 → 1944 | $8.17 |
Between 1944 and 2008, the Consumer Price Index went from 17.6 to 215.303. Cumulatively, prices increased 1123.3%, which works out to an average of 3.99% per year. Put differently, a dollar in 1944 bought what $0.08 buys in 2008.
| Amount in 1944 | Value in 2008 |
|---|---|
| $1.00 | $12.23 |
| $5.00 | $61.17 |
| $10.00 | $122 |
| $20.00 | $245 |
| $50.00 | $612 |
| $100 | $1,223 |
| $500 | $6,117 |
| $1,000 | $12,233 |
| $5,000 | $61,166 |
| $10,000 | $122,331 |
| $100,000 | $1,223,313 |
| $1,000,000 | $12,233,125 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1944 spending costs in 2008, by category:
| Category | Avg. yearly inflation | $100 in 1944 → |
|---|---|---|
| All items (CPI-U) | 3.99% | $1,223 |
| Medical care | 5.53% | $3,138 |
| Food | 4.05% | $1,267 |
| Transportation | 4.00% | $1,230 |
| Apparel | 2.19% | $399 |
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 |
| 1949 | 23.8 | -1.2% | $135 |
| 1954 | 26.9 | 0.7% | $153 |
| 1959 | 29.1 | 0.7% | $165 |
| 1964 | 31 | 1.3% | $176 |
| 1969 | 36.7 | 5.5% | $209 |
| 1974 | 49.3 | 11.0% | $280 |
| 1979 | 72.6 | 11.3% | $412 |
| 1984 | 103.9 | 4.3% | $590 |
| 1989 | 124 | 4.8% | $705 |
| 1994 | 148.2 | 2.6% | $842 |
| 1999 | 166.6 | 2.2% | $947 |
| 2004 | 188.9 | 2.7% | $1,073 |
| 2008 | 215.303 | 3.8% | $1,223 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1944 to 2008: $100 is worth $1,223 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1944-to-2008/
APA: InflationCalculator.com. Inflation from 1944 to 2008. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1944-to-2008/
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.