U.S. inflation · 1945–2003
$100 in 1945 has the same buying power as
$1,022
in 2003
| Cumulative price change | 922.2% |
|---|---|
| Average inflation rate | 4.09% per year |
| Converted amount ($100 base) | $1,022 |
| Price difference ($100 base) | $922 |
| CPI in 1945 | 18 |
| CPI in 2003 | 184 |
| Inflation in 1945 | 2.27% |
| Inflation in 2003 | 2.28% |
| $100 in 1945 → 2003 | $1,022 |
| $100 in 2003 → 1945 | $9.78 |
Between 1945 and 2003, the Consumer Price Index went from 18 to 184. Cumulatively, prices increased 922.2%, which works out to an average of 4.09% per year. Put differently, a dollar in 1945 bought what $0.10 buys in 2003.
| Amount in 1945 | Value in 2003 |
|---|---|
| $1.00 | $10.22 |
| $5.00 | $51.11 |
| $10.00 | $102 |
| $20.00 | $204 |
| $50.00 | $511 |
| $100 | $1,022 |
| $500 | $5,111 |
| $1,000 | $10,222 |
| $5,000 | $51,111 |
| $10,000 | $102,222 |
| $100,000 | $1,022,222 |
| $1,000,000 | $10,222,222 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1945 spending costs in 2003, by category:
| Category | Avg. yearly inflation | $100 in 1945 → |
|---|---|---|
| All items (CPI-U) | 4.09% | $1,022 |
| Medical care | 5.70% | $2,497 |
| Food | 4.12% | $1,040 |
| Transportation | 4.03% | $991 |
| Apparel | 2.35% | $385 |
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 |
| 1947 | 22.3 | 14.4% | $124 |
| 1949 | 23.8 | -1.2% | $132 |
| 1951 | 26 | 7.9% | $144 |
| 1953 | 26.7 | 0.8% | $148 |
| 1955 | 26.8 | -0.4% | $149 |
| 1957 | 28.1 | 3.3% | $156 |
| 1959 | 29.1 | 0.7% | $162 |
| 1961 | 29.9 | 1.0% | $166 |
| 1963 | 30.6 | 1.3% | $170 |
| 1965 | 31.5 | 1.6% | $175 |
| 1967 | 33.4 | 3.1% | $186 |
| 1969 | 36.7 | 5.5% | $204 |
| 1971 | 40.5 | 4.4% | $225 |
| 1973 | 44.4 | 6.2% | $247 |
| 1975 | 53.8 | 9.1% | $299 |
| 1977 | 60.6 | 6.5% | $337 |
| 1979 | 72.6 | 11.3% | $403 |
| 1981 | 90.9 | 10.3% | $505 |
| 1983 | 99.6 | 3.2% | $553 |
| 1985 | 107.6 | 3.6% | $598 |
| 1987 | 113.6 | 3.6% | $631 |
| 1989 | 124 | 4.8% | $689 |
| 1991 | 136.2 | 4.2% | $757 |
| 1993 | 144.5 | 3.0% | $803 |
| 1995 | 152.4 | 2.8% | $847 |
| 1997 | 160.5 | 2.3% | $892 |
| 1999 | 166.6 | 2.2% | $926 |
| 2001 | 177.1 | 2.8% | $984 |
| 2003 | 184 | 2.3% | $1,022 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1945 to 2003: $100 is worth $1,022 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-2003/
APA: InflationCalculator.com. Inflation from 1945 to 2003. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-2003/
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.