S&P Index in 1948 Adjusted for Inflation

The S&P reached a max price of $17.06 in 1948. How much is that worth in current dollars when taking inflation into account? How much would the price of the S&P index in 1948 be worth now adjusted for inflation? The highest value of the S&P was $17.06 in 1948.
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$17.06 from 1948 to 2024 adjusted for inflation. We use the Consumer Price Index provided by the Bureau of Labor Statistics. They aggregate prices over time to determine the CPI.
How much is 17.06 in 1948 worth in current dollars?
What was the rate of inflation since 1948 on 17.06?
How has the cost of living changed since 1948?
What was the value of $17.06 in 1948? Every year, the US dollar is usually worth less due to inflation. We calculate what $17.06 in 1948 is worth now.