U.S. inflation · 1945–2023
$100 in 1945 has the same buying power as
$1,693
in 2023
| Cumulative price change | 1592.8% |
|---|---|
| Average inflation rate | 3.69% per year |
| Converted amount ($100 base) | $1,693 |
| Price difference ($100 base) | $1,593 |
| CPI in 1945 | 18 |
| CPI in 2023 | 304.702 |
| Inflation in 1945 | 2.27% |
| Inflation in 2023 | 4.12% |
| $100 in 1945 → 2023 | $1,693 |
| $100 in 2023 → 1945 | $5.91 |
Between 1945 and 2023, the Consumer Price Index went from 18 to 304.702. Cumulatively, prices increased 1592.8%, which works out to an average of 3.69% per year. Put differently, a dollar in 1945 bought what $0.06 buys in 2023.
| Amount in 1945 | Value in 2023 |
|---|---|
| $1.00 | $16.93 |
| $5.00 | $84.64 |
| $10.00 | $169 |
| $20.00 | $339 |
| $50.00 | $846 |
| $100 | $1,693 |
| $500 | $8,464 |
| $1,000 | $16,928 |
| $5,000 | $84,639 |
| $10,000 | $169,279 |
| $100,000 | $1,692,789 |
| $1,000,000 | $16,927,889 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1945 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1945 → |
|---|---|---|
| All items (CPI-U) | 3.69% | $1,693 |
| Medical care | 5.04% | $4,614 |
| Food | 3.82% | $1,867 |
| Transportation | 3.68% | $1,679 |
| Apparel | 1.84% | $416 |
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 |
| 1950 | 24.1 | 1.3% | $134 |
| 1955 | 26.8 | -0.4% | $149 |
| 1960 | 29.6 | 1.7% | $164 |
| 1965 | 31.5 | 1.6% | $175 |
| 1970 | 38.8 | 5.7% | $216 |
| 1975 | 53.8 | 9.1% | $299 |
| 1980 | 82.4 | 13.5% | $458 |
| 1985 | 107.6 | 3.6% | $598 |
| 1990 | 130.7 | 5.4% | $726 |
| 1995 | 152.4 | 2.8% | $847 |
| 2000 | 172.2 | 3.4% | $957 |
| 2005 | 195.3 | 3.4% | $1,085 |
| 2010 | 218.056 | 1.6% | $1,211 |
| 2015 | 237.017 | 0.1% | $1,317 |
| 2020 | 258.811 | 1.2% | $1,438 |
| 2023 | 304.702 | 4.1% | $1,693 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1945 to 2023: $100 is worth $1,693 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-2023/
APA: InflationCalculator.com. Inflation from 1945 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-2023/
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.