Between 1937 and 1955, the Consumer Price Index went from 14.4 to 26.8.
Cumulatively, prices increased 86.1%, which works out to an average of
3.51% per year. Put differently, a dollar in 1937 bought what
$0.54 buys in 1955.
Common amounts: 1937 dollars in 1955
Amount in 1937
Value in 1955
$1.00
$1.86
$5.00
$9.31
$10.00
$18.61
$20.00
$37.22
$50.00
$93.06
$100
$186
$500
$931
$1,000
$1,861
$5,000
$9,306
$10,000
$18,611
$100,000
$186,111
$1,000,000
$1,861,111
Inflation by spending category, 1937–1955
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1937 spending costs in 1955, by category:
Category
Avg. yearly inflation
$100 in 1937 →
All items (CPI-U)
3.51%
$186
Food
4.27%
$212
Apparel
3.78%
$195
Transportation
3.25%
$178
Medical care
3.21%
$177
Not shown because the BLS began these indexes after 1937: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1937 to 1955: $100 is worth $186 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1937-to-1955/
APA: InflationCalculator.com. Inflation from 1937 to 1955. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1937-to-1955/