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Goods and services costing $1,000 in 1945 would cost $11,205.56 in 2006, according to the Federal Reserve Bank of Minneapolis' CPI Calculation (Limited to years from 1913 to present). The Consumer Price Index (CPI) is a measure of the average change in prices over time in a market basket of goods and services. The CPI is used to calculate how prices have changed over the years. An Inflation Calculator is available for the years 1800- 2005.
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How much was $1,000 worth in the year 1945?
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