# $1,266 in 1945 is worth$1,828.67 in 1951

$1,266 in 1945 has the same purchasing power as$1,828.67 in 1951. Over the 6 years this is a change of $562.67. The average inflation rate of the dollar between 1945 and 1951 was 5.85% per year. The cumulative price increase of the dollar over this time was 44.44%. ## The value of$1,266 from 1945 to 1951

So what does this data mean? It means that the prices in 1951 are 18.29 higher than the average prices since 1945. A dollar in 1951 can buy 69.23% of what it could buy in 1945.

We can look at the buying power equivalent for $1,266 in 1945 to see how much you would need to adjust for in order to beat inflation. For 1945 to 1951, if you started with$1,266 in 1945, you would need to have $1,828.67 in 1945 to keep up with inflation rates. So if we are saying that$1,266 is equivalent to $1,828.67 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 6 years. ## Value of$1,266 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1945 $1,266.00 2.27% 1946$1,371.50 8.33%
1947 $1,568.43 14.36% 1948$1,695.03 8.07%
1949 $1,673.93 -1.24% 1950$1,695.03 1.26%