$100 in 1945 is worth $1,362 in 2017,
because prices increased 1261.8% over that period, an average of
3.69% a year.
$100 in 1945 has
the same buying power as
$1,362
in 2017
Detailed inflation statistics
Cumulative price change
1261.8%
Average inflation rate
3.69% per year
Converted amount ($100 base)
$1,362
Price difference ($100 base)
$1,262
CPI in 1945
18
CPI in 2017
245.12
Inflation in 1945
2.27%
Inflation in 2017
2.13%
$100 in 1945 → 2017
$1,362
$100 in 2017 → 1945
$7.34
What happened to prices between 1945 and 2017
Between 1945 and 2017, the Consumer Price Index went from 18 to 245.12.
Cumulatively, prices increased 1261.8%, which works out to an average of
3.69% per year. Put differently, a dollar in 1945 bought what
$0.07 buys in 2017: the 1945 dollar
lost 92.7% of its purchasing power over
these 72 years.
Consumer prices rose 2.3% in 1945, up from 1944’s 1.7% but
still modest, a rate that understated how much pressure had built up behind
wartime price and wage controls, which stayed largely in place even as the
conflict that justified them came to a close. The year opened with a shock
at home: Franklin Roosevelt died of a cerebral hemorrhage on April 12, less
than three months into an unprecedented fourth term, and Vice President
Harry Truman was sworn in that same afternoon. The war Roosevelt had led for
nearly four years ended without him. Germany surrendered on May 8, and
Japan surrendered on August 15, after atomic bombs fell on Hiroshima and
Nagasaki that month, with the formal signing aboard the USS Missouri on
September 2. Domestic policy kept moving even as the guns fell silent: the
federal minimum wage rose to 40 cents an hour that October 24, the final
step of the schedule Congress had built into the 1938 Fair Labor Standards
Act, up from 30 cents in 1939 and 25 cents at the law’s start. Consumer
prices stood 81.8% above their 1913 level, a gain that would
look modest next to what followed once wartime controls actually came off.
First-class postage held at 3 cents.
Every 1945 amount converts to 2017 at the same ratio, 13.62: $1,000 becomes
$13,618, and $10,000 becomes $136,178.
Amount in 1945
Value in 2017
$1.00
$13.62
$5.00
$68.09
$10.00
$136
$20.00
$272
$50.00
$681
$100
$1,362
$500
$6,809
$1,000
$13,618
$5,000
$68,089
$10,000
$136,178
$100,000
$1,361,778
$1,000,000
$13,617,778
Inflation by spending category, 1945–2017
Between 1945 and 2017, medical care rose the most, up 3894.3%, while apparel rose the least, up 300.0%, against 1261.8% for all items. The headline number is an average; here is what $100 of 1945
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 1945 →
All items (CPI-U)
3.69%
$1,362
Medical care
5.25%
$3,994
Food
3.78%
$1,445
Transportation
3.59%
$1,268
Apparel
1.94%
$400
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–).
Decade by decade: 1945 to 2017
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.69% a year). Each step below chains into the full 1945–2017 change:
Years
Avg. yearly inflation
Price change
$100 from 1945, at end
1945–1950
6.01%
33.9%
$134
1950–1960
2.08%
22.8%
$164
1960–1970
2.74%
31.1%
$216
1970–1980
7.82%
112.4%
$458
1980–1990
4.72%
58.6%
$726
1990–2000
2.80%
31.8%
$957
2000–2010
2.39%
26.6%
$1,211
2010–2017
1.69%
12.4%
$1,362
Year by year: CPI and the value of $100 from 1945
$100 from 1945 had already become $458 by
1980, on its way to $1,362 in 2017; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 14.4% in 1947, and prices fell 1.2% in 1949, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2017
In 2017, prices rose 2.1% and $100 from 1945 had the buying
power of $1,362; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 1945 to 2017: $100 is worth $1,362 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-2017/
APA: InflationCalculator.com. Inflation from 1945 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-2017/