U.S. inflation · 1946–2023
$100 in 1946 has the same buying power as
$1,563
in 2023
| Cumulative price change | 1462.6% |
|---|---|
| Average inflation rate | 3.63% per year |
| Converted amount ($100 base) | $1,563 |
| Price difference ($100 base) | $1,463 |
| CPI in 1946 | 19.5 |
| CPI in 2023 | 304.702 |
| Inflation in 1946 | 8.33% |
| Inflation in 2023 | 4.12% |
| $100 in 1946 → 2023 | $1,563 |
| $100 in 2023 → 1946 | $6.40 |
Between 1946 and 2023, the Consumer Price Index went from 19.5 to 304.702. Cumulatively, prices increased 1462.6%, which works out to an average of 3.63% per year. Put differently, a dollar in 1946 bought what $0.06 buys in 2023.
| Amount in 1946 | Value in 2023 |
|---|---|
| $1.00 | $15.63 |
| $5.00 | $78.13 |
| $10.00 | $156 |
| $20.00 | $313 |
| $50.00 | $781 |
| $100 | $1,563 |
| $500 | $7,813 |
| $1,000 | $15,626 |
| $5,000 | $78,129 |
| $10,000 | $156,257 |
| $100,000 | $1,562,574 |
| $1,000,000 | $15,625,744 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1946 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1946 → |
|---|---|---|
| All items (CPI-U) | 3.63% | $1,563 |
| Medical care | 5.04% | $4,393 |
| Food | 3.69% | $1,631 |
| Transportation | 3.67% | $1,599 |
| Apparel | 1.75% | $380 |
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 |
| 1951 | 26 | 7.9% | $133 |
| 1956 | 27.2 | 1.5% | $139 |
| 1961 | 29.9 | 1.0% | $153 |
| 1966 | 32.4 | 2.9% | $166 |
| 1971 | 40.5 | 4.4% | $208 |
| 1976 | 56.9 | 5.8% | $292 |
| 1981 | 90.9 | 10.3% | $466 |
| 1986 | 109.6 | 1.9% | $562 |
| 1991 | 136.2 | 4.2% | $698 |
| 1996 | 156.9 | 3.0% | $805 |
| 2001 | 177.1 | 2.8% | $908 |
| 2006 | 201.6 | 3.2% | $1,034 |
| 2011 | 224.939 | 3.2% | $1,154 |
| 2016 | 240.007 | 1.3% | $1,231 |
| 2021 | 270.97 | 4.7% | $1,390 |
| 2023 | 304.702 | 4.1% | $1,563 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1946 to 2023: $100 is worth $1,563 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1946-to-2023/
APA: InflationCalculator.com. Inflation from 1946 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1946-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.