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Value of 1943 US Dollars today

$100 in 1943
$1,817.8 in 2024

The inflation rate in the United States between 1943 and today has been 1,717.8%, which translates into a total increase of $1,717.8. This means that 100 dollars in 1943 are equivalent to 1,817.8 dollars in 2024. In other words, the purchasing power of $100 in 1943 equals $1,817.8 today. The average annual inflation rate between these periods has been 3.65%.

Inflation timeline in the United States (1943 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1943-2023 1,660.43%
Cumulative inflation 1943-today 1,717.8%
Avg. Annual inflation 1943-2023 3.65%
CPI 1943 17.31
CPI 2023 304.7
CPI 2024-05 (latest official data) 314.07
CPI today 314.63

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1943 and 2023, use the corresponding CPI values:

Value2023
=Value1943 ×
CPI2023/CPI1943
=$ 100 ×
304.7/17.31
$1,760.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.63:

Valuetoday
=Value1943 ×
CPItoday/CPI1943
=$ 100 ×
314.63/17.31
$1,817.8

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 80 years between 1943 and 2023 and the average inflation rate was 3.6502%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.036502)80
$1,760.43

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1943 $17.6 dollars in 2023
$5 dollars in 1943 $88.02 dollars in 2023
$10 dollars in 1943 $176.04 dollars in 2023
$50 dollars in 1943 $880.22 dollars in 2023
$100 dollars in 1943 $1,760.43 dollars in 2023
$500 dollars in 1943 $8,802.16 dollars in 2023
$1,000 dollars in 1943 $17,604.33 dollars in 2023
$5,000 dollars in 1943 $88,021.64 dollars in 2023
$10,000 dollars in 1943 $176,043.28 dollars in 2023
$50,000 dollars in 1943 $880,216.42 dollars in 2023
$100,000 dollars in 1943 $1,760,432.84 dollars in 2023
$500,000 dollars in 1943 $8,802,164.18 dollars in 2023
$1,000,000 dollars in 1943 $17,604,328.36 dollars in 2023
Cumulative inflation From 1943 1,717.8%
Avg. annual inflation From 1943 3.65%
CPI 1943 17.31
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1943 100
1944 101.64
1945 103.95
1946 112.76
1947 128.98
1948 138.9
1949 137.55
1950 139.05
1951 149.98
1952 153.39
1953 154.65
1954 155.13
1955 154.69
1956 157.05
1957 162.3
1958 166.73
1959 168.42
1960 170.87
1961 172.7
1962 174.77
1963 176.94
1964 179.2
1965 182.04
1966 187.53
1967 192.73
1968 200.96
1969 211.94
1970 224.31
1971 233.94
1972 241.6
1973 256.52
1974 284.88
1975 310.93
1976 328.79
1977 350.17
1978 376.89
1979 419.31
1980 476.12
1981 525.32
1982 557.53
1983 575.45
1984 600.19
1985 621.47
1986 633.27
1987 656.48
1988 683.25
1989 716.23
1990 754.89
1991 786.86
1992 810.69
1993 834.62
1994 856.38
1995 880.4
1996 906.21
1997 927.4
1998 941.79
1999 962.4
2000 994.9
2001 1,023.01
2002 1,039.24
2003 1,062.83
2004 1,091.29
2005 1,128.31
2006 1,164.71
2007 1,197.93
2008 1,243.92
2009 1,239.5
2010 1,259.83
2011 1,299.6
2012 1,326.49
2013 1,345.92
2014 1,367.76
2015 1,369.38
2016 1,386.66
2017 1,416.19
2018 1,450.79
2019 1,477.08
2020 1,495.3
2021 1,565.55
2022 1,690.83
2023 1,760.43
2024-05 1,814.55
Today 1,817.8

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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