U.S. inflation · 1948–2016
$100 in 1948 has the same buying power as
$996
in 2016
| Cumulative price change | 895.9% |
|---|---|
| Average inflation rate | 3.44% per year |
| Converted amount ($100 base) | $996 |
| Price difference ($100 base) | $896 |
| CPI in 1948 | 24.1 |
| CPI in 2016 | 240.007 |
| Inflation in 1948 | 8.07% |
| Inflation in 2016 | 1.26% |
| $100 in 1948 → 2016 | $996 |
| $100 in 2016 → 1948 | $10.04 |
Between 1948 and 2016, the Consumer Price Index went from 24.1 to 240.007. Cumulatively, prices increased 895.9%, which works out to an average of 3.44% per year. Put differently, a dollar in 1948 bought what $0.10 buys in 2016.
| Amount in 1948 | Value in 2016 |
|---|---|
| $1.00 | $9.96 |
| $5.00 | $49.79 |
| $10.00 | $99.59 |
| $20.00 | $199 |
| $50.00 | $498 |
| $100 | $996 |
| $500 | $4,979 |
| $1,000 | $9,959 |
| $5,000 | $49,794 |
| $10,000 | $99,588 |
| $100,000 | $995,880 |
| $1,000,000 | $9,958,797 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1948 spending costs in 2016, by category:
| Category | Avg. yearly inflation | $100 in 1948 → |
|---|---|---|
| All items (CPI-U) | 3.44% | $996 |
| Medical care | 5.24% | $3,220 |
| Food | 3.37% | $950 |
| Transportation | 3.36% | $946 |
| Apparel | 1.61% | $297 |
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 |
| 1953 | 26.7 | 0.8% | $111 |
| 1958 | 28.9 | 2.8% | $120 |
| 1963 | 30.6 | 1.3% | $127 |
| 1968 | 34.8 | 4.2% | $144 |
| 1973 | 44.4 | 6.2% | $184 |
| 1978 | 65.2 | 7.6% | $271 |
| 1983 | 99.6 | 3.2% | $413 |
| 1988 | 118.3 | 4.1% | $491 |
| 1993 | 144.5 | 3.0% | $600 |
| 1998 | 163 | 1.6% | $676 |
| 2003 | 184 | 2.3% | $763 |
| 2008 | 215.303 | 3.8% | $893 |
| 2013 | 232.957 | 1.5% | $967 |
| 2016 | 240.007 | 1.3% | $996 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1948 to 2016: $100 is worth $996 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1948-to-2016/
APA: InflationCalculator.com. Inflation from 1948 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1948-to-2016/
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.