Value of $1 from 1950 to 1949

$1 in 1950 is equivalent in purchasing power to about $0.99 in 1949.The dollar had an average inflation rate of 1.26% per year between 1949 and 1950, producing a cumulative price increase of -1.24%.

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This means that prices in 1949 are1.24% lower thanaverage prices since 1950,according to the Bureau of Labor Statistics consumer price index.


The 1949 inflation rate was -1.24%. The inflation rate in 1950 was 1.26%.The 1950 inflation rate is lower compared to the average inflation rate of 3.48% per year between 1950 and 2021.


Inflation from 1950 to 1949
Average inflation rate1.26%
Converted amount ($1 base)$0.99
Price difference ($1 base)$-0.01
CPI in 195024.100
CPI in 194923.800
Inflation in 1949-1.24%
Inflation in 19501.26%
$1 in 1950$0.99 in 1949

Inflation by City

Inflation can vary widely by city, even within the United States. Here"s how some cities fared in 1950 to 1949 (figures shown are purchasing power equivalents of $1):

Houston, Texas experienced the highest rate of inflation during the 1 years between 1949 and 1950 (3.01%).

San Francisco, California experienced the lowest rate of inflation during the 1 years between 1949 and 1950 (-0.53%).

Note that some locations showing 0% inflation may have not yet reported latest data.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1950 would be equivalent to £0.97 in 1949, an absolute change of £-0.03 and a cumulative change of -3.03%.

In Canada, CA$1.00 in 1950 would be equivalent to CA$0.95 in 1949, an absolute change of CA$-0.05 and a cumulative change of -5.43%.


Compare these numbers to the US"s overall absolute change of $-0.01 and total percent change of -1.24%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1950 and 1949.


Compare these values to the overall average of 1.26% per year:


CategoryAvg Inflation (%)Total Inflation (%)$1 in 1949 → 1950Food and beverages0.000.001.00Housing0.000.001.00Apparel-1.34-1.340.99Transportation2.572.571.03Medical care1.87 1.871.02Recreation0.000.001.00Education and communication0.000.001.00Other goods and services0.000.001.00

For all these visualizations, it"s important to note that not all categories may have been tracked since 1950. This table and charts use the earliest available data for each category.


Inflation rates of specific categoriesMedical Care· Housing· Rent· Food· More
Inflation-adjusted measuresS&P 500 price·S&P 500 earnings·Shiller P/E

How to Calculate Inflation Rate for $1, 1949 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1949 and 1950:


CPI in 1949CPI in 1950
×
1950 USD value
=
1949 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 23.8 in 1949:


23.824.1
×
$1
=
$0.99

$1 in 1950 has the same "purchasing power" or "buying power" as $0.99 in 1949.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:


CPI in 1949 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:


23.8 - 24.124.1
×
100
=
-1%

News headlines from 1949

Politics and news often influence economic performance. Here"s what was happening at the time:

Jerusalem is proclaimed the capital of Israel by KnessetNorth Korea invades South Korea.Harry Truman announces that America will seek to develop a hydrogen bomb.Chinese forces occupy Tibet.

Data Source & Citation


Raw data for these calculations comes fromthe Bureau of Labor Statistics"Consumer Price Index(CPI), established in 1913. Inflation data from 1665 to1912 is sourced from a historical study conducted by political scienceprofessor Robert Sahr at Oregon State University.


You may use the following MLA citation for this page:“$1 in 1950 → 1949 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Nov. 2021, https://www.les-grizzlys-catalans.org/1950-dollars-in-1949?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


*

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Other resources:
Inflation from 1950 to 1949
Average inflation rate1.26%
Converted amount ($1 base)$0.99
Price difference ($1 base)$-0.01
CPI in 195024.100
CPI in 194923.800
Inflation in 1949-1.24%
Inflation in 19501.26%
$1 in 1950$0.99 in 1949

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