Calculate the Value of $970 in 1948

What is 970 dollars in 1948 money adjusted for inflation? Convert $970 from 1948 dollars to 2024 dollars.
Amount
$
From
To
$12,716
Adjusted for inflation, $970 in 1948 is equal to $12,716 in 2024.
Annual inflation over this period was 3.44%.
Value of a dollar
Calculates inflation to see what a U.S. dollar was worth in the past and today. View historical and today's current inflation rates, using the CPI provided by the United States government. Inflation data is updated regularly, so results may differ from other websites. How much has the cost of living increased? What was inflation for a specific period?
How much is $970 in 1948 dollars worth?
Year Equivalent
2024 $12,716
2023 $12,303
2022 $11,557
2021 $10,797
2020 $10,652
2019 $10,414
2018 $10,219
2017 $10,008
2016 $9,805
2015 $9,734
2014 $9,661
2013 $9,518
2012 $9,355
2011 $9,086
2010 $8,952
2009 $8,715
2008 $8,707
2007 $8,365
2006 $8,158
2005 $7,889
2004 $7,640
2003 $7,499
2002 $7,325
2001 $7,213
2000 $6,977
1999 $6,794
1998 $6,686
1997 $6,574
Year Equivalent
1996 $6,363
1995 $6,206
1994 $6,044
1993 $5,882
1992 $5,716
1991 $5,546
1990 $5,227
1989 $4,995
1988 $4,784
1987 $4,581
1986 $4,531
1985 $4,365
1984 $4,199
1983 $4,046
1982 $3,897
1981 $3,577
1980 $3,179
1979 $2,806
1978 $2,574
1977 $2,413
1976 $2,301
1975 $2,151
1974 $1,915
1973 $1,762
1972 $1,704
1971 $1,650
1970 $1,563
1969 $1,472
Year Equivalent
1968 $1,405
1967 $1,364
1966 $1,318
1965 $1,293
1964 $1,281
1963 $1,260
1962 $1,244
1961 $1,235
1960 $1,219
1959 $1,198
1958 $1,177
1957 $1,144
1956 $1,111
1955 $1,107
1954 $1,115
1953 $1,107
1952 $1,099
1951 $1,036
1950 $978
1949 $999
1948 $970
1947 $891
1946 $754
1945 $738
1944 $721
1943 $701
1942 $643
1941 $584
Year Equivalent
1940 $580
1939 $580
1938 $597
1937 $580
1936 $572
1935 $555
1934 $547
1933 $543
1932 $605
1931 $667
1930 $713
1929 $709
1928 $717
1927 $734
1926 $742
1925 $717
1924 $717
1923 $701
1922 $717
1921 $804
1920 $783
1919 $684
1918 $568
1917 $481
1916 $427
1915 $419
1914 $415