U.S. inflation · 1947–1998
$100 in 1947 has the same buying power as
$731
in 1998
| Cumulative price change | 630.9% |
|---|---|
| Average inflation rate | 3.98% per year |
| Converted amount ($100 base) | $731 |
| Price difference ($100 base) | $631 |
| CPI in 1947 | 22.3 |
| CPI in 1998 | 163 |
| Inflation in 1947 | 14.36% |
| Inflation in 1998 | 1.56% |
| $100 in 1947 → 1998 | $731 |
| $100 in 1998 → 1947 | $13.68 |
Between 1947 and 1998, the Consumer Price Index went from 22.3 to 163. Cumulatively, prices increased 630.9%, which works out to an average of 3.98% per year. Put differently, a dollar in 1947 bought what $0.14 buys in 1998.
| Amount in 1947 | Value in 1998 |
|---|---|
| $1.00 | $7.31 |
| $5.00 | $36.55 |
| $10.00 | $73.09 |
| $20.00 | $146 |
| $50.00 | $365 |
| $100 | $731 |
| $500 | $3,655 |
| $1,000 | $7,309 |
| $5,000 | $36,547 |
| $10,000 | $73,094 |
| $100,000 | $730,942 |
| $1,000,000 | $7,309,417 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1947 spending costs in 1998, by category:
| Category | Avg. yearly inflation | $100 in 1947 → |
|---|---|---|
| All items (CPI-U) | 3.98% | $731 |
| Medical care | 5.82% | $1,793 |
| Transportation | 4.07% | $765 |
| Food | 3.79% | $667 |
| Apparel | 2.39% | $333 |
Not shown because the BLS began these indexes after 1947: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1947 |
|---|---|---|---|
| 1947 | 22.3 | 14.4% | $100 |
| 1949 | 23.8 | -1.2% | $107 |
| 1951 | 26 | 7.9% | $117 |
| 1953 | 26.7 | 0.8% | $120 |
| 1955 | 26.8 | -0.4% | $120 |
| 1957 | 28.1 | 3.3% | $126 |
| 1959 | 29.1 | 0.7% | $130 |
| 1961 | 29.9 | 1.0% | $134 |
| 1963 | 30.6 | 1.3% | $137 |
| 1965 | 31.5 | 1.6% | $141 |
| 1967 | 33.4 | 3.1% | $150 |
| 1969 | 36.7 | 5.5% | $165 |
| 1971 | 40.5 | 4.4% | $182 |
| 1973 | 44.4 | 6.2% | $199 |
| 1975 | 53.8 | 9.1% | $241 |
| 1977 | 60.6 | 6.5% | $272 |
| 1979 | 72.6 | 11.3% | $326 |
| 1981 | 90.9 | 10.3% | $408 |
| 1983 | 99.6 | 3.2% | $447 |
| 1985 | 107.6 | 3.6% | $483 |
| 1987 | 113.6 | 3.6% | $509 |
| 1989 | 124 | 4.8% | $556 |
| 1991 | 136.2 | 4.2% | $611 |
| 1993 | 144.5 | 3.0% | $648 |
| 1995 | 152.4 | 2.8% | $683 |
| 1997 | 160.5 | 2.3% | $720 |
| 1998 | 163 | 1.6% | $731 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1947 to 1998: $100 is worth $731 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1947-to-1998/
APA: InflationCalculator.com. Inflation from 1947 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1947-to-1998/
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.