$8 in 1941 is worth $8.87 in 1942


$8 in 1941 has the same purchasing power as $8.87 in 1942. Over the 1 year this is a change of $0.87.

The average inflation rate of the dollar between 1941 and 1942 was 7.94% per year. The cumulative price increase of the dollar over this time was 10.88%.

The value of $8 from 1941 to 1942

So what does this data mean? It means that the prices in 1942 are 0.09 higher than the average prices since 1941. A dollar in 1942 can buy 90.18% of what it could buy in 1941.

These inflation figures use the Bureau of Labor Statistics (BLS) consumer price index to calculate the value of $8 between 1941 and 1942.

The inflation rate for 1941 was 5.00%, while the inflation rate for 1942 was 10.88%. The 1942 inflation rate is higher than the average inflation rate of 3.77% per year between 1942 and 2021.

USD Inflation Since 1913


The Buying Power of $8 in 1941

We can look at the buying power equivalent for $8 in 1941 to see how much you would need to adjust for in order to beat inflation. For 1941 to 1942, if you started with $8 in 1941, you would need to have $8.87 in 1941 to keep up with inflation rates.

So if we are saying that $8 is equivalent to $8.87 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.


Value of $8 Over Time


Year Dollar Value Inflation Rate
1941 $8.00 5.00%
1942 $8.87 10.88%

US Dollar Inflation Conversion


Initial Value Equivalent Value
$1.00 in 1941 $1.11 in 1942
$5.00 in 1941 $5.54 in 1942
$10.00 in 1941 $11.09 in 1942
$50.00 in 1941 $55.44 in 1942
$100.00 in 1941 $110.88 in 1942
$500.00 in 1941 $554.42 in 1942
$1,000.00 in 1941 $1,108.84 in 1942
$5,000.00 in 1941 $5,544.22 in 1942
$10,000.00 in 1941 $11,088.44 in 1942
$50,000.00 in 1941 $55,442.18 in 1942
$100,000.00 in 1941 $110,884.35 in 1942
$500,000.00 in 1941 $554,421.77 in 1942
$1,000,000.00 in 1941 $1,108,843.54 in 1942

Calculate Inflation Rate for $8 from 1941 to 1942

To calculate the inflation rate of $8 from 1941 to 1942, we use the following formula:

$$\dfrac{ 1941\; USD\; value \times CPI\; in\; 1942 }{ CPI\; in\; 1941 } = 1942\; USD\; value $$

We then replace the variables with the historical CPI values. The CPI in 1941 was 14.7 and 16.3 in 1942.

$$\dfrac{ \$8 \times 16.3 }{ 14.7 } = \text{ \$8.87 } $$


To work out the total inflation rate for the 1 year between 1941 and 1942, we can use a different formula:

$$ \dfrac{\text{CPI in 1942 } - \text{ CPI in 1941 } }{\text{CPI in 1941 }} \times 100 = \text{Cumulative rate for 1 year} $$


$$ \dfrac{\text{ 16.3 } - \text{ 14.7 } }{\text{ 14.7 }} \times 100 = \text{ 10.88\% } $$

Inflation Rate Definition





Link To or Reference This Page


  • "$8 in 1941 is worth $8.87 in 1942". StudyFinance.com. Accessed on July 29, 2021. https://studyfinance.com/inflation/us/1941/8/1942/.

  • "$8 in 1941 is worth $8.87 in 1942". StudyFinance.com, https://studyfinance.com/inflation/us/1941/8/1942/. Accessed 29 July, 2021

  • $8 in 1941 is worth $8.87 in 1942. StudyFinance.com. Retrieved from https://studyfinance.com/inflation/us/1941/8/1942/.