Between 1946 and 1956, the Consumer Price Index went from 19.5 to 27.2.
Cumulatively, prices increased 39.5%, which works out to an average of
3.38% per year. Put differently, a dollar in 1946 bought what
$0.72 buys in 1956.
Common amounts: 1946 dollars in 1956
Amount in 1946
Value in 1956
$1.00
$1.39
$5.00
$6.97
$10.00
$13.95
$20.00
$27.90
$50.00
$69.74
$100
$139
$500
$697
$1,000
$1,395
$5,000
$6,974
$10,000
$13,949
$100,000
$139,487
$1,000,000
$1,394,872
Inflation by spending category, 1946–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1946 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1946 →
All items (CPI-U)
3.38%
$139
Transportation
4.61%
$157
Medical care
4.22%
$151
Food
3.53%
$141
Apparel
2.42%
$127
Not shown because the BLS began these indexes after 1946: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1946 to 1956: $100 is worth $139 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1946-to-1956/
APA: InflationCalculator.com. Inflation from 1946 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1946-to-1956/