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Value of 1944 US Dollars today

$100 in 1944
$1,788.53 in 2024

The inflation rate in the United States between 1944 and today has been 1,688.53%, which translates into a total increase of $1,688.53. This means that 100 dollars in 1944 are equivalent to 1,788.53 dollars in 2024. In other words, the purchasing power of $100 in 1944 equals $1,788.53 today. The average annual inflation rate between these periods has been 3.67%.

Inflation timeline in the United States (1944 - 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 1944-2023 1,632.08%
Cumulative inflation 1944-today 1,688.53%
Avg. Annual inflation 1944-2023 3.68%
CPI 1944 17.59
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 1944 and 2023, use the corresponding CPI values:

Value2023
=Value1944 ×
CPI2023/CPI1944
=$ 100 ×
304.7/17.59
$1,732.08

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

Valuetoday
=Value1944 ×
CPItoday/CPI1944
=$ 100 ×
314.63/17.59
$1,788.53

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 79 years between 1944 and 2023 and the average inflation rate was 3.676%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.03676)79
$1,732.08

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1944 $17.32 dollars in 2023
$5 dollars in 1944 $86.6 dollars in 2023
$10 dollars in 1944 $173.21 dollars in 2023
$50 dollars in 1944 $866.04 dollars in 2023
$100 dollars in 1944 $1,732.08 dollars in 2023
$500 dollars in 1944 $8,660.4 dollars in 2023
$1,000 dollars in 1944 $17,320.79 dollars in 2023
$5,000 dollars in 1944 $86,603.96 dollars in 2023
$10,000 dollars in 1944 $173,207.91 dollars in 2023
$50,000 dollars in 1944 $866,039.55 dollars in 2023
$100,000 dollars in 1944 $1,732,079.11 dollars in 2023
$500,000 dollars in 1944 $8,660,395.55 dollars in 2023
$1,000,000 dollars in 1944 $17,320,791.09 dollars in 2023
Cumulative inflation From 1944 1,688.53%
Avg. annual inflation From 1944 3.67%
CPI 1944 17.59
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1944 100
1945 102.27
1946 110.94
1947 126.91
1948 136.67
1949 135.34
1950 136.81
1951 147.56
1952 150.92
1953 152.16
1954 152.63
1955 152.2
1956 154.52
1957 159.69
1958 164.05
1959 165.7
1960 168.12
1961 169.92
1962 171.96
1963 174.09
1964 176.31
1965 179.11
1966 184.51
1967 189.63
1968 197.73
1969 208.53
1970 220.7
1971 230.18
1972 237.71
1973 252.39
1974 280.29
1975 305.92
1976 323.5
1977 344.53
1978 370.82
1979 412.55
1980 468.45
1981 516.86
1982 548.56
1983 566.18
1984 590.53
1985 611.46
1986 623.07
1987 645.9
1988 672.24
1989 704.69
1990 742.73
1991 774.18
1992 797.63
1993 821.17
1994 842.59
1995 866.22
1996 891.62
1997 912.46
1998 926.62
1999 946.9
2000 978.87
2001 1,006.54
2002 1,022.5
2003 1,045.71
2004 1,073.71
2005 1,110.14
2006 1,145.95
2007 1,178.64
2008 1,223.89
2009 1,219.54
2010 1,239.54
2011 1,278.67
2012 1,305.13
2013 1,324.25
2014 1,345.73
2015 1,347.33
2016 1,364.32
2017 1,393.38
2018 1,427.42
2019 1,453.29
2020 1,471.21
2021 1,540.33
2022 1,663.6
2023 1,732.08
2024-05 1,785.33
Today 1,788.53

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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