U.S. inflation · 1948–1951
$100 in 1948 has the same buying power as
$108
in 1951
| Cumulative price change | 7.9% |
|---|---|
| Average inflation rate | 2.56% per year |
| Converted amount ($100 base) | $108 |
| Price difference ($100 base) | $7.88 |
| CPI in 1948 | 24.1 |
| CPI in 1951 | 26 |
| Inflation in 1948 | 8.07% |
| Inflation in 1951 | 7.88% |
| $100 in 1948 → 1951 | $108 |
| $100 in 1951 → 1948 | $92.69 |
Between 1948 and 1951, the Consumer Price Index went from 24.1 to 26. Cumulatively, prices increased 7.9%, which works out to an average of 2.56% per year. Put differently, a dollar in 1948 bought what $0.93 buys in 1951.
| Amount in 1948 | Value in 1951 |
|---|---|
| $1.00 | $1.08 |
| $5.00 | $5.39 |
| $10.00 | $10.79 |
| $20.00 | $21.58 |
| $50.00 | $53.94 |
| $100 | $108 |
| $500 | $539 |
| $1,000 | $1,079 |
| $5,000 | $5,394 |
| $10,000 | $10,788 |
| $100,000 | $107,884 |
| $1,000,000 | $1,078,838 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1948 spending costs in 1951, by category:
| Category | Avg. yearly inflation | $100 in 1948 → |
|---|---|---|
| All items (CPI-U) | 2.56% | $108 |
| Transportation | 5.37% | $117 |
| Medical care | 3.36% | $110 |
| Food | 2.61% | $108 |
| Apparel | 1.09% | $103 |
Not shown because the BLS began these indexes after 1948: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1948 |
|---|---|---|---|
| 1948 | 24.1 | 8.1% | $100 |
| 1949 | 23.8 | -1.2% | $98.76 |
| 1950 | 24.1 | 1.3% | $100 |
| 1951 | 26 | 7.9% | $108 |
MLA: “Inflation from 1948 to 1951: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1948-to-1951/
APA: InflationCalculator.com. Inflation from 1948 to 1951. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1948-to-1951/
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.