U.S. inflation · 1946–2003
$100 in 1946 has the same buying power as
$944
in 2003
| Cumulative price change | 843.6% |
|---|---|
| Average inflation rate | 4.02% per year |
| Converted amount ($100 base) | $944 |
| Price difference ($100 base) | $844 |
| CPI in 1946 | 19.5 |
| CPI in 2003 | 184 |
| Inflation in 1946 | 8.33% |
| Inflation in 2003 | 2.28% |
| $100 in 1946 → 2003 | $944 |
| $100 in 2003 → 1946 | $10.60 |
Between 1946 and 2003, the Consumer Price Index went from 19.5 to 184. Cumulatively, prices increased 843.6%, which works out to an average of 4.02% per year. Put differently, a dollar in 1946 bought what $0.11 buys in 2003.
| Amount in 1946 | Value in 2003 |
|---|---|
| $1.00 | $9.44 |
| $5.00 | $47.18 |
| $10.00 | $94.36 |
| $20.00 | $189 |
| $50.00 | $472 |
| $100 | $944 |
| $500 | $4,718 |
| $1,000 | $9,436 |
| $5,000 | $47,179 |
| $10,000 | $94,359 |
| $100,000 | $943,590 |
| $1,000,000 | $9,435,897 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1946 spending costs in 2003, by category:
| Category | Avg. yearly inflation | $100 in 1946 → |
|---|---|---|
| All items (CPI-U) | 4.02% | $944 |
| Medical care | 5.72% | $2,377 |
| Transportation | 4.02% | $944 |
| Food | 3.95% | $909 |
| Apparel | 2.23% | $351 |
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 |
| 1948 | 24.1 | 8.1% | $124 |
| 1950 | 24.1 | 1.3% | $124 |
| 1952 | 26.5 | 1.9% | $136 |
| 1954 | 26.9 | 0.7% | $138 |
| 1956 | 27.2 | 1.5% | $139 |
| 1958 | 28.9 | 2.8% | $148 |
| 1960 | 29.6 | 1.7% | $152 |
| 1962 | 30.2 | 1.0% | $155 |
| 1964 | 31 | 1.3% | $159 |
| 1966 | 32.4 | 2.9% | $166 |
| 1968 | 34.8 | 4.2% | $178 |
| 1970 | 38.8 | 5.7% | $199 |
| 1972 | 41.8 | 3.2% | $214 |
| 1974 | 49.3 | 11.0% | $253 |
| 1976 | 56.9 | 5.8% | $292 |
| 1978 | 65.2 | 7.6% | $334 |
| 1980 | 82.4 | 13.5% | $423 |
| 1982 | 96.5 | 6.2% | $495 |
| 1984 | 103.9 | 4.3% | $533 |
| 1986 | 109.6 | 1.9% | $562 |
| 1988 | 118.3 | 4.1% | $607 |
| 1990 | 130.7 | 5.4% | $670 |
| 1992 | 140.3 | 3.0% | $719 |
| 1994 | 148.2 | 2.6% | $760 |
| 1996 | 156.9 | 3.0% | $805 |
| 1998 | 163 | 1.6% | $836 |
| 2000 | 172.2 | 3.4% | $883 |
| 2002 | 179.9 | 1.6% | $923 |
| 2003 | 184 | 2.3% | $944 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1946 to 2003: $100 is worth $944 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1946-to-2003/
APA: InflationCalculator.com. Inflation from 1946 to 2003. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1946-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.