U.S. inflation · 1947–2024
$100 in 1947 has the same buying power as
$1,407
in 2024
| Cumulative price change | 1306.7% |
|---|---|
| Average inflation rate | 3.49% per year |
| Converted amount ($100 base) | $1,407 |
| Price difference ($100 base) | $1,307 |
| CPI in 1947 | 22.3 |
| CPI in 2024 | 313.689 |
| Inflation in 1947 | 14.36% |
| Inflation in 2024 | 2.95% |
| $100 in 1947 → 2024 | $1,407 |
| $100 in 2024 → 1947 | $7.11 |
Between 1947 and 2024, the Consumer Price Index went from 22.3 to 313.689. Cumulatively, prices increased 1306.7%, which works out to an average of 3.49% per year. Put differently, a dollar in 1947 bought what $0.07 buys in 2024.
| Amount in 1947 | Value in 2024 |
|---|---|
| $1.00 | $14.07 |
| $5.00 | $70.33 |
| $10.00 | $141 |
| $20.00 | $281 |
| $50.00 | $703 |
| $100 | $1,407 |
| $500 | $7,033 |
| $1,000 | $14,067 |
| $5,000 | $70,334 |
| $10,000 | $140,668 |
| $100,000 | $1,406,677 |
| $1,000,000 | $14,066,771 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1947 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 1947 → |
|---|---|---|
| All items (CPI-U) | 3.49% | $1,407 |
| Medical care | 4.97% | $4,177 |
| Transportation | 3.55% | $1,463 |
| Food | 3.46% | $1,370 |
| Apparel | 1.56% | $330 |
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 |
| 2024 | 313.689 | 2.9% | $1,407 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1947 to 2024: $100 is worth $1,407 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1947-to-2024/
APA: InflationCalculator.com. Inflation from 1947 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1947-to-2024/
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.