U.S. inflation · 1945–1962
$100 in 1945 has the same buying power as
$168
in 1962
| Cumulative price change | 67.8% |
|---|---|
| Average inflation rate | 3.09% per year |
| Converted amount ($100 base) | $168 |
| Price difference ($100 base) | $67.78 |
| CPI in 1945 | 18 |
| CPI in 1962 | 30.2 |
| Inflation in 1945 | 2.27% |
| Inflation in 1962 | 1.00% |
| $100 in 1945 → 1962 | $168 |
| $100 in 1962 → 1945 | $59.60 |
Between 1945 and 1962, the Consumer Price Index went from 18 to 30.2. Cumulatively, prices increased 67.8%, which works out to an average of 3.09% per year. Put differently, a dollar in 1945 bought what $0.60 buys in 1962.
| Amount in 1945 | Value in 1962 |
|---|---|
| $1.00 | $1.68 |
| $5.00 | $8.39 |
| $10.00 | $16.78 |
| $20.00 | $33.56 |
| $50.00 | $83.89 |
| $100 | $168 |
| $500 | $839 |
| $1,000 | $1,678 |
| $5,000 | $8,389 |
| $10,000 | $16,778 |
| $100,000 | $167,778 |
| $1,000,000 | $1,677,778 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1945 spending costs in 1962, by category:
| Category | Avg. yearly inflation | $100 in 1945 → |
|---|---|---|
| All items (CPI-U) | 3.09% | $168 |
| Medical care | 4.08% | $197 |
| Transportation | 3.97% | $194 |
| Food | 3.41% | $177 |
| Apparel | 2.31% | $147 |
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–).
| Year | CPI | Inflation rate | $100 from 1945 |
|---|---|---|---|
| 1945 | 18 | 2.3% | $100 |
| 1946 | 19.5 | 8.3% | $108 |
| 1947 | 22.3 | 14.4% | $124 |
| 1948 | 24.1 | 8.1% | $134 |
| 1949 | 23.8 | -1.2% | $132 |
| 1950 | 24.1 | 1.3% | $134 |
| 1951 | 26 | 7.9% | $144 |
| 1952 | 26.5 | 1.9% | $147 |
| 1953 | 26.7 | 0.8% | $148 |
| 1954 | 26.9 | 0.7% | $149 |
| 1955 | 26.8 | -0.4% | $149 |
| 1956 | 27.2 | 1.5% | $151 |
| 1957 | 28.1 | 3.3% | $156 |
| 1958 | 28.9 | 2.8% | $161 |
| 1959 | 29.1 | 0.7% | $162 |
| 1960 | 29.6 | 1.7% | $164 |
| 1961 | 29.9 | 1.0% | $166 |
| 1962 | 30.2 | 1.0% | $168 |
MLA: “Inflation from 1945 to 1962: $100 is worth $168 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-1962/
APA: InflationCalculator.com. Inflation from 1945 to 1962. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-1962/
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.