Between 1945 and 1954, the Consumer Price Index went from 18 to 26.9.
Cumulatively, prices increased 49.4%, which works out to an average of
4.57% per year. Put differently, a dollar in 1945 bought what
$0.67 buys in 1954.
Common amounts: 1945 dollars in 1954
Amount in 1945
Value in 1954
$1.00
$1.49
$5.00
$7.47
$10.00
$14.94
$20.00
$29.89
$50.00
$74.72
$100
$149
$500
$747
$1,000
$1,494
$5,000
$7,472
$10,000
$14,944
$100,000
$149,444
$1,000,000
$1,494,444
Inflation by spending category, 1945–1954
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1945 spending costs in 1954, by category:
Category
Avg. yearly inflation
$100 in 1945 →
All items (CPI-U)
4.57%
$149
Transportation
5.66%
$164
Food
5.58%
$163
Medical care
4.58%
$150
Apparel
3.58%
$137
Not shown because the BLS began these indexes after 1945: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1945 to 1954: $100 is worth $149 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-1954/
APA: InflationCalculator.com. Inflation from 1945 to 1954. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-1954/