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What is 300 Dollars in 1948 worth in today's dollars? What's the rate of inflation on $300 since 1948?

Enter the years and amount and click Calculate.

How much inflation has there been on $300 since 1948? What are the current inflation rates? How much is 300 Dollars in 1948 worth in today's dollars?

View inflation by year of the US dollar. Enter your details into the calculator or browse the chart below to see how the cost of living index has changed in the United States over time.

How is inflation on 300 Dollars in 1948 calculated?

The Consumer Price Index aggregates prices in the US over time. The rate of inflation is then compared based on the change in the CPI.

For example, the CPI was 23.4 in 1948 and 296.797 in 2023. So the amount in 1948 is multiplied by (296.797 / 23.4), or 12.683632478632. So $300 in 1948 had the same purchasing power as about $3,805 in 2023.