U.S. inflation · 1947–1970
$100 in 1947 has the same buying power as
$174
in 1970
| Cumulative price change | 74.0% |
|---|---|
| Average inflation rate | 2.44% per year |
| Converted amount ($100 base) | $174 |
| Price difference ($100 base) | $73.99 |
| CPI in 1947 | 22.3 |
| CPI in 1970 | 38.8 |
| Inflation in 1947 | 14.36% |
| Inflation in 1970 | 5.72% |
| $100 in 1947 → 1970 | $174 |
| $100 in 1970 → 1947 | $57.47 |
Between 1947 and 1970, the Consumer Price Index went from 22.3 to 38.8. Cumulatively, prices increased 74.0%, which works out to an average of 2.44% per year. Put differently, a dollar in 1947 bought what $0.57 buys in 1970.
| Amount in 1947 | Value in 1970 |
|---|---|
| $1.00 | $1.74 |
| $5.00 | $8.70 |
| $10.00 | $17.40 |
| $20.00 | $34.80 |
| $50.00 | $87.00 |
| $100 | $174 |
| $500 | $870 |
| $1,000 | $1,740 |
| $5,000 | $8,700 |
| $10,000 | $17,399 |
| $100,000 | $173,991 |
| $1,000,000 | $1,739,910 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1947 spending costs in 1970, by category:
| Category | Avg. yearly inflation | $100 in 1947 → |
|---|---|---|
| All items (CPI-U) | 2.44% | $174 |
| Medical care | 4.10% | $252 |
| Transportation | 3.12% | $203 |
| Food | 2.14% | $163 |
| Apparel | 1.73% | $148 |
Not shown because the BLS began these indexes after 1947: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1947 |
|---|---|---|---|
| 1947 | 22.3 | 14.4% | $100 |
| 1948 | 24.1 | 8.1% | $108 |
| 1949 | 23.8 | -1.2% | $107 |
| 1950 | 24.1 | 1.3% | $108 |
| 1951 | 26 | 7.9% | $117 |
| 1952 | 26.5 | 1.9% | $119 |
| 1953 | 26.7 | 0.8% | $120 |
| 1954 | 26.9 | 0.7% | $121 |
| 1955 | 26.8 | -0.4% | $120 |
| 1956 | 27.2 | 1.5% | $122 |
| 1957 | 28.1 | 3.3% | $126 |
| 1958 | 28.9 | 2.8% | $130 |
| 1959 | 29.1 | 0.7% | $130 |
| 1960 | 29.6 | 1.7% | $133 |
| 1961 | 29.9 | 1.0% | $134 |
| 1962 | 30.2 | 1.0% | $135 |
| 1963 | 30.6 | 1.3% | $137 |
| 1964 | 31 | 1.3% | $139 |
| 1965 | 31.5 | 1.6% | $141 |
| 1966 | 32.4 | 2.9% | $145 |
| 1967 | 33.4 | 3.1% | $150 |
| 1968 | 34.8 | 4.2% | $156 |
| 1969 | 36.7 | 5.5% | $165 |
| 1970 | 38.8 | 5.7% | $174 |
MLA: “Inflation from 1947 to 1970: $100 is worth $174 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1947-to-1970/
APA: InflationCalculator.com. Inflation from 1947 to 1970. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1947-to-1970/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.