U.S. inflation · 1948–1978
$100 in 1948 has the same buying power as
$271
in 1978
| Cumulative price change | 170.5% |
|---|---|
| Average inflation rate | 3.37% per year |
| Converted amount ($100 base) | $271 |
| Price difference ($100 base) | $171 |
| CPI in 1948 | 24.1 |
| CPI in 1978 | 65.2 |
| Inflation in 1948 | 8.07% |
| Inflation in 1978 | 7.59% |
| $100 in 1948 → 1978 | $271 |
| $100 in 1978 → 1948 | $36.96 |
Between 1948 and 1978, the Consumer Price Index went from 24.1 to 65.2. Cumulatively, prices increased 170.5%, which works out to an average of 3.37% per year. Put differently, a dollar in 1948 bought what $0.37 buys in 1978.
| Amount in 1948 | Value in 1978 |
|---|---|
| $1.00 | $2.71 |
| $5.00 | $13.53 |
| $10.00 | $27.05 |
| $20.00 | $54.11 |
| $50.00 | $135 |
| $100 | $271 |
| $500 | $1,353 |
| $1,000 | $2,705 |
| $5,000 | $13,527 |
| $10,000 | $27,054 |
| $100,000 | $270,539 |
| $1,000,000 | $2,705,394 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1948 spending costs in 1978, by category:
| Category | Avg. yearly inflation | $100 in 1948 → |
|---|---|---|
| All items (CPI-U) | 3.37% | $271 |
| Medical care | 4.98% | $429 |
| Transportation | 3.72% | $300 |
| Food | 3.44% | $276 |
| Apparel | 2.19% | $192 |
Not shown because the BLS began these indexes after 1948: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1948 |
|---|---|---|---|
| 1948 | 24.1 | 8.1% | $100 |
| 1949 | 23.8 | -1.2% | $98.76 |
| 1950 | 24.1 | 1.3% | $100 |
| 1951 | 26 | 7.9% | $108 |
| 1952 | 26.5 | 1.9% | $110 |
| 1953 | 26.7 | 0.8% | $111 |
| 1954 | 26.9 | 0.7% | $112 |
| 1955 | 26.8 | -0.4% | $111 |
| 1956 | 27.2 | 1.5% | $113 |
| 1957 | 28.1 | 3.3% | $117 |
| 1958 | 28.9 | 2.8% | $120 |
| 1959 | 29.1 | 0.7% | $121 |
| 1960 | 29.6 | 1.7% | $123 |
| 1961 | 29.9 | 1.0% | $124 |
| 1962 | 30.2 | 1.0% | $125 |
| 1963 | 30.6 | 1.3% | $127 |
| 1964 | 31 | 1.3% | $129 |
| 1965 | 31.5 | 1.6% | $131 |
| 1966 | 32.4 | 2.9% | $134 |
| 1967 | 33.4 | 3.1% | $139 |
| 1968 | 34.8 | 4.2% | $144 |
| 1969 | 36.7 | 5.5% | $152 |
| 1970 | 38.8 | 5.7% | $161 |
| 1971 | 40.5 | 4.4% | $168 |
| 1972 | 41.8 | 3.2% | $173 |
| 1973 | 44.4 | 6.2% | $184 |
| 1974 | 49.3 | 11.0% | $205 |
| 1975 | 53.8 | 9.1% | $223 |
| 1976 | 56.9 | 5.8% | $236 |
| 1977 | 60.6 | 6.5% | $251 |
| 1978 | 65.2 | 7.6% | $271 |
MLA: “Inflation from 1948 to 1978: $100 is worth $271 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1948-to-1978/
APA: InflationCalculator.com. Inflation from 1948 to 1978. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1948-to-1978/
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.