Calculate the Value of $980,000 in 1948

What is $980k in 1948 money adjusted for inflation? Convert $980,000 from 1948 dollars to 2024 dollars.
Amount
$
From
To
$12,846,627
Adjusted for inflation, $980,000 in 1948 is equal to $12,846,627 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 $980,000 in 1948 dollars worth?
Year Equivalent
2024 $12,846,627
2023 $12,429,960
2022 $11,676,323
2021 $10,908,740
2020 $10,762,159
2019 $10,521,724
2018 $10,324,509
2017 $10,111,255
2016 $9,905,748
2015 $9,834,007
2014 $9,760,172
2013 $9,615,768
2012 $9,451,221
2011 $9,179,291
2010 $9,044,018
2009 $8,804,421
2008 $8,796,379
2007 $8,451,453
2006 $8,242,051
2005 $7,969,829
2004 $7,718,547
2003 $7,576,154
2002 $7,400,256
2001 $7,287,179
2000 $7,048,462
1999 $6,864,188
1998 $6,755,299
1997 $6,642,222
Year Equivalent
1996 $6,428,632
1995 $6,269,487
1994 $6,106,154
1993 $5,942,821
1992 $5,775,299
1991 $5,603,590
1990 $5,281,111
1989 $5,046,581
1988 $4,832,991
1987 $4,627,778
1986 $4,577,521
1985 $4,410,000
1984 $4,242,479
1983 $4,087,521
1982 $3,936,752
1981 $3,614,274
1980 $3,212,222
1979 $2,835,299
1978 $2,600,769
1977 $2,437,436
1976 $2,324,359
1975 $2,173,590
1974 $1,934,872
1973 $1,779,915
1972 $1,721,282
1971 $1,666,838
1970 $1,578,889
1969 $1,486,752
Year Equivalent
1968 $1,419,744
1967 $1,377,863
1966 $1,331,795
1965 $1,306,667
1964 $1,294,103
1963 $1,273,162
1962 $1,256,410
1961 $1,248,034
1960 $1,231,282
1959 $1,210,342
1958 $1,189,402
1957 $1,155,897
1956 $1,122,393
1955 $1,118,205
1954 $1,126,581
1953 $1,118,205
1952 $1,109,829
1951 $1,047,009
1950 $988,376
1949 $1,009,316
1948 $980,000
1947 $900,427
1946 $762,222
1945 $745,470
1944 $728,718
1943 $707,778
1942 $649,145
1941 $590,513
Year Equivalent
1940 $586,325
1939 $586,325
1938 $603,077
1937 $586,325
1936 $577,949
1935 $561,197
1934 $552,821
1933 $548,632
1932 $611,453
1931 $674,274
1930 $720,342
1929 $716,154
1928 $724,530
1927 $741,282
1926 $749,658
1925 $724,530
1924 $724,530
1923 $707,778
1922 $724,530
1921 $812,479
1920 $791,538
1919 $691,026
1918 $573,761
1917 $485,812
1916 $431,368
1915 $422,991
1914 $418,803