Between 1947 and 1975, the Consumer Price Index went from 22.3 to 53.8.
Cumulatively, prices increased 141.3%, which works out to an average of
3.20% per year. Put differently, a dollar in 1947 bought what
$0.41 buys in 1975.
Common amounts: 1947 dollars in 1975
Amount in 1947
Value in 1975
$1.00
$2.41
$5.00
$12.06
$10.00
$24.13
$20.00
$48.25
$50.00
$121
$100
$241
$500
$1,206
$1,000
$2,413
$5,000
$12,063
$10,000
$24,126
$100,000
$241,256
$1,000,000
$2,412,556
Inflation by spending category, 1947–1975
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1947 spending costs in 1975, by category:
Category
Avg. yearly inflation
$100 in 1947 →
All items (CPI-U)
3.20%
$241
Medical care
4.60%
$352
Transportation
3.62%
$271
Food
3.30%
$248
Apparel
2.16%
$182
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–).
MLA: “Inflation from 1947 to 1975: $100 is worth $241 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1947-to-1975/
APA: InflationCalculator.com. Inflation from 1947 to 1975. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1947-to-1975/