If something was worth $16 million in 1945 what it is worth now?

Answer 1

It depends on what the something is. And where it is. Can you give us a hint?

Or are you just asking about the general inflation rate since 1945? The Consumer Price Index (CPI) in the U.S.?

(Remember an item's current worth in dollars doesn't always equate with inflation.)

(1) Since 1945, prices, as measured by the Consumer Price Index, have risen over 900%. Some prices have gone up even more. Health care costs rose over 200% in the decade of the 1980's alone, and continue to rise at roughly 9% per year. The “real” things we buy, such as a magazine, a paperback book, a slice of pizza, a movie ticket, a dental visit, a suit cleaning, etc. have risen two to three times as fast as the CPI in the past twenty years. Investors need to remember that in 1968 a gallon of gas cost about a quarter; as I write it is ten times that.


(2)Using the inflation calculator at site (2) below for the CPI, and using the dates January 1945, to December 2006, I come up with 1,033.71%



Using the inflation figure in (2), $16 million in January 1945 translates to $165,393,600 by the end of 2006, which equals approximately $165 milliion.

Answer 2

http://www.measuringworth.com/index.html - the site works. I tried it with the sale prices of my parents home in 1963 and again in 2003. Right on the money.

Answer 3

yes it is because today, we have more u.s. dollars in circulation than we did in 1945. for example, when people see a classic car, they think that car is more valuable today that it was 70 years ago. right? same thing with money, there was less around back then

Answer 4

Google "1945 dollar conversion"

Answer 5

have you been watching Kellies Hero's