U.S. inflation · 1948–2001

Value of $100 in 1948, adjusted to 2001

$100 in 1948 is worth $735 in 2001, because prices increased 634.9% over that period, an average of 3.83% a year.

$100 in 1948 has the same buying power as

$735

in 2001

$99$417$73519481961197519882001$100 · 1948$735 · 2001
Detailed inflation statistics
Cumulative price change634.9%
Average inflation rate3.83% per year
Converted amount ($100 base)$735
Price difference ($100 base)$635
CPI in 194824.1
CPI in 2001177.1
Inflation in 19488.07%
Inflation in 20012.85%
$100 in 1948 → 2001$735
$100 in 2001 → 1948$13.61

What happened to prices between 1948 and 2001

Between 1948 and 2001, the Consumer Price Index went from 24.1 to 177.1. Cumulatively, prices increased 634.9%, which works out to an average of 3.83% per year. Put differently, a dollar in 1948 bought what $0.14 buys in 2001: the 1948 dollar lost 86.4% of its purchasing power over these 53 years.

Consumer prices rose 8.1% in 1948, down slightly from 1947’s 14.4% but still the second straight year of sharp postwar inflation now that wartime price controls were fully gone. Congress moved to stabilize a different economy that April, passing the Economic Cooperation Act to fund the plan Secretary of State George Marshall had proposed the year before: more than $13 billion over four years to rebuild Western Europe and counter Soviet influence. The Cold War turned tense closer to the plan’s target that June, when Soviet forces cut off road and rail access to the Western-controlled sectors of Berlin. American and British aircraft responded almost immediately with an airlift of food, fuel, and supplies that would keep the city running for nearly a year. Domestic politics produced its own upset that November: nearly every poll and pundit had predicted a Republican win, but Harry Truman defeated New York Governor Thomas Dewey, handing the Chicago Tribune its famously wrong “Dewey Defeats Truman” headline. Consumer prices finished the year 143.4% above their 1913 level and 40.9% above 1929’s pre-Depression peak. First-class postage held at 3 cents, and the minimum wage stayed at 40 cents an hour.

More about inflation in 1948 →

Common amounts: 1948 dollars in 2001

Every 1948 amount converts to 2001 at the same ratio, 7.35: $1,000 becomes $7,349, and $10,000 becomes $73,485.

Amount in 1948Value in 2001
$1.00$7.35
$5.00$36.74
$10.00$73.49
$20.00$147
$50.00$367
$100$735
$500$3,674
$1,000$7,349
$5,000$36,743
$10,000$73,485
$100,000$734,855
$1,000,000$7,348,548

Inflation by spending category, 1948–2001

Between 1948 and 2001, medical care rose the most, up 1794.4%, while apparel rose the least, up 199.5%, against 634.9% for all items. The headline number is an average; here is what $100 of 1948 spending costs in 2001, by category:

Category Avg. yearly inflation $100 in 1948 →
All items (CPI-U) 3.83% $735
Medical care 5.71% $1,894
Transportation 3.87% $749
Food 3.63% $663
Apparel 2.09% $300

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–).

Decade by decade: 1948 to 2001

Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1940s (0.00% a year). Each step below chains into the full 1948–2001 change:

Years Avg. yearly inflation Price change $100 from 1948, at end
1948–1950 0.00% 0.0% $100
1950–1960 2.08% 22.8% $123
1960–1970 2.74% 31.1% $161
1970–1980 7.82% 112.4% $342
1980–1990 4.72% 58.6% $542
1990–2000 2.80% 31.8% $715
2000–2001 2.85% 2.8% $735

Year by year: CPI and the value of $100 from 1948

$100 from 1948 had already become $205 by 1974, on its way to $735 in 2001; each row shows the CPI, that year's inflation rate, and the running value. Within the span, inflation peaked at 13.5% in 1980, and prices fell 1.2% in 1949, the deepest deflation of the period.

Year CPI Inflation rate $100 from 1948
1948 24.1 8.1% $100
1950 24.1 1.3% $100
1952 26.5 1.9% $110
1954 26.9 0.7% $112
1956 27.2 1.5% $113
1958 28.9 2.8% $120
1960 29.6 1.7% $123
1962 30.2 1.0% $125
1964 31 1.3% $129
1966 32.4 2.9% $134
1968 34.8 4.2% $144
1970 38.8 5.7% $161
1972 41.8 3.2% $173
1974 49.3 11.0% $205
1976 56.9 5.8% $236
1978 65.2 7.6% $271
1980 82.4 13.5% $342
1982 96.5 6.2% $400
1984 103.9 4.3% $431
1986 109.6 1.9% $455
1988 118.3 4.1% $491
1990 130.7 5.4% $542
1992 140.3 3.0% $582
1994 148.2 2.6% $615
1996 156.9 3.0% $651
1998 163 1.6% $676
2000 172.2 3.4% $715
2001 177.1 2.8% $735

Long periods are sampled every 2 years; the calculator above covers any pair of years.

The destination year: 2001

In 2001, prices rose 2.8% and $100 from 1948 had the buying power of $735; the year's average CPI of 177.1 is the level behind every 2001 figure on this page.

Inflation fell to 2.8% in 2001 from 3.4% the year before, as a recession that began in March cut demand and gasoline slid to an average of $1.46 a gallon. The median household earned about $42,200, roughly flat from 2000, and a new home cost about $175,200. The Federal Reserve cut its policy rate 11 times over the year, from 6.5% to 1.75%, the lowest since 1961. After the September 11 attacks, U.S. stock markets closed for four trading days, and air travel dropped sharply until the following year. Congress had already passed a $1.35 trillion tax cut in June, which included rebate checks of up to $600. The National Bureau of Economic Research dates the recession’s end at November, but unemployment kept rising into 2003. A first-class stamp went to 34 cents in January, and the federal minimum wage stayed at $5.15. The Fed’s cuts were the first step in a long period of very cheap borrowing that would fuel the housing boom.

More about inflation in 2001 →

Cite this page

MLA: “Inflation from 1948 to 2001: $100 is worth $735 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1948-to-2001/

APA: InflationCalculator.com. Inflation from 1948 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1948-to-2001/

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.