The Impact of Inflation on value of $48 from 1948 to 2024
In 1913 the price of $48 is approximately equal to $618.14 in 2024. Prices changed by 3.52% (or $7.50) per year on average during that period. It means that every purchase will cost you 12.88 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $48 in 1948 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $48 in 1948 Worth Today?
- Converted Amount: The $48 from 1948, adjusted for inflation, would be equivalent to $618.14 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 1187.79%.
- Average Inflation Rate: The average annual inflation rate between 1948 and 2024 has been 3.52%.
| Cumulative price change | 1187.79% |
| Average inflation rate | 3.52% |
| Converted amount | 618.14 |
| Price difference | 570.14 |
| CPI in 1948 | 24.1 |
| CPI in 2024 | 310.358 |
| Inflation in 1948 | 8.07% |
| Inflation in 2024 | 1.86% |
| 48 in 1948 | 618.14 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1948: 24.1
- CPI in 2024: 310.358
Inflation Rate at 1948 and 2024
- Inflation in 1948: 8.07%
- Inflation in 2024: 1.86%
Price Difference
- The price difference between 1948 and 2024 is $570.14.
1948 to 2024 Inflation Calculator
To understand the transformation of $48 from 1948 into 2024 US dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1948 | 24.1 | 8.07% | $48 |
| 2024 | 310.358 | 1.86% | $618.14 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $48 in 1948
$48 in the year 1948 is now worth $618.14 in 2024, showing a substantial increase of $570.14 over the years. This change underscores how the average inflation rate of 3.52% annually has eroded the purchasing power of the US dollar.