U.S. inflation · 1947–2023
$100 in 1947 has the same buying power as
$1,366
in 2023
| Cumulative price change | 1266.4% |
|---|---|
| Average inflation rate | 3.50% per year |
| Converted amount ($100 base) | $1,366 |
| Price difference ($100 base) | $1,266 |
| CPI in 1947 | 22.3 |
| CPI in 2023 | 304.702 |
| Inflation in 1947 | 14.36% |
| Inflation in 2023 | 4.12% |
| $100 in 1947 → 2023 | $1,366 |
| $100 in 2023 → 1947 | $7.32 |
Between 1947 and 2023, the Consumer Price Index went from 22.3 to 304.702. Cumulatively, prices increased 1266.4%, which works out to an average of 3.50% per year. Put differently, a dollar in 1947 bought what $0.07 buys in 2023.
| Amount in 1947 | Value in 2023 |
|---|---|
| $1.00 | $13.66 |
| $5.00 | $68.32 |
| $10.00 | $137 |
| $20.00 | $273 |
| $50.00 | $683 |
| $100 | $1,366 |
| $500 | $6,832 |
| $1,000 | $13,664 |
| $5,000 | $68,319 |
| $10,000 | $136,638 |
| $100,000 | $1,366,377 |
| $1,000,000 | $13,663,767 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1947 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1947 → |
|---|---|---|
| All items (CPI-U) | 3.50% | $1,366 |
| Medical care | 5.00% | $4,067 |
| Transportation | 3.57% | $1,443 |
| Food | 3.47% | $1,340 |
| Apparel | 1.57% | $327 |
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 |
| 1952 | 26.5 | 1.9% | $119 |
| 1957 | 28.1 | 3.3% | $126 |
| 1962 | 30.2 | 1.0% | $135 |
| 1967 | 33.4 | 3.1% | $150 |
| 1972 | 41.8 | 3.2% | $187 |
| 1977 | 60.6 | 6.5% | $272 |
| 1982 | 96.5 | 6.2% | $433 |
| 1987 | 113.6 | 3.6% | $509 |
| 1992 | 140.3 | 3.0% | $629 |
| 1997 | 160.5 | 2.3% | $720 |
| 2002 | 179.9 | 1.6% | $807 |
| 2007 | 207.342 | 2.8% | $930 |
| 2012 | 229.594 | 2.1% | $1,030 |
| 2017 | 245.12 | 2.1% | $1,099 |
| 2022 | 292.655 | 8.0% | $1,312 |
| 2023 | 304.702 | 4.1% | $1,366 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1947 to 2023: $100 is worth $1,366 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1947-to-2023/
APA: InflationCalculator.com. Inflation from 1947 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1947-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.