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Value of $3.08 from 1946 to 2024
$3.08 in 1946 is equivalent in purchasing power to about $49.62 today, an increase of $46.54 over 78 years. The dollar had an average inflation rate of 3.63% per year between 1946 and today, producing a cumulative price increase of 1,511.15%.
This means that today's prices are 16.11 times as high as average prices since 1946, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 6.207% of what it could buy back then.
The inflation rate in 1946 was 8.33%.