Between 1927 and 1956, the Consumer Price Index went from 17.4 to 27.2.
Cumulatively, prices increased 56.3%, which works out to an average of
1.55% per year. Put differently, a dollar in 1927 bought what
$0.64 buys in 1956.
Common amounts: 1927 dollars in 1956
Amount in 1927
Value in 1956
$1.00
$1.56
$5.00
$7.82
$10.00
$15.63
$20.00
$31.26
$50.00
$78.16
$100
$156
$500
$782
$1,000
$1,563
$5,000
$7,816
$10,000
$15,632
$100,000
$156,322
$1,000,000
$1,563,218
Inflation by spending category, 1927–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1927 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1927 →
All items (CPI-U)
1.55%
$156
Apparel
1.90%
$173
Food
1.86%
$171
Not shown because the BLS began these indexes after 1927: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1927 to 1956: $100 is worth $156 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1927-to-1956/
APA: InflationCalculator.com. Inflation from 1927 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1927-to-1956/