U.S. inflation · 1946–1948
$100 in 1946 has the same buying power as
$124
in 1948
| Cumulative price change | 23.6% |
|---|---|
| Average inflation rate | 11.17% per year |
| Converted amount ($100 base) | $124 |
| Price difference ($100 base) | $23.59 |
| CPI in 1946 | 19.5 |
| CPI in 1948 | 24.1 |
| Inflation in 1946 | 8.33% |
| Inflation in 1948 | 8.07% |
| $100 in 1946 → 1948 | $124 |
| $100 in 1948 → 1946 | $80.91 |
Between 1946 and 1948, the Consumer Price Index went from 19.5 to 24.1. Cumulatively, prices increased 23.6%, which works out to an average of 11.17% per year. Put differently, a dollar in 1946 bought what $0.81 buys in 1948.
| Amount in 1946 | Value in 1948 |
|---|---|
| $1.00 | $1.24 |
| $5.00 | $6.18 |
| $10.00 | $12.36 |
| $20.00 | $24.72 |
| $50.00 | $61.79 |
| $100 | $124 |
| $500 | $618 |
| $1,000 | $1,236 |
| $5,000 | $6,179 |
| $10,000 | $12,359 |
| $100,000 | $123,590 |
| $1,000,000 | $1,235,897 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1946 spending costs in 1948, by category:
| Category | Avg. yearly inflation | $100 in 1946 → |
|---|---|---|
| All items (CPI-U) | 11.17% | $124 |
| Food | 14.81% | $132 |
| Apparel | 11.15% | $124 |
| Transportation | 11.06% | $123 |
| Medical care | 7.33% | $115 |
Not shown because the BLS began these indexes after 1946: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1946 |
|---|---|---|---|
| 1946 | 19.5 | 8.3% | $100 |
| 1947 | 22.3 | 14.4% | $114 |
| 1948 | 24.1 | 8.1% | $124 |
MLA: “Inflation from 1946 to 1948: $100 is worth $124 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1946-to-1948/
APA: InflationCalculator.com. Inflation from 1946 to 1948. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1946-to-1948/
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.