Between 1949 and 1956, the Consumer Price Index went from 23.8 to 27.2.
Cumulatively, prices increased 14.3%, which works out to an average of
1.93% per year. Put differently, a dollar in 1949 bought what
$0.88 buys in 1956.
Common amounts: 1949 dollars in 1956
Amount in 1949
Value in 1956
$1.00
$1.14
$5.00
$5.71
$10.00
$11.43
$20.00
$22.86
$50.00
$57.14
$100
$114
$500
$571
$1,000
$1,143
$5,000
$5,714
$10,000
$11,429
$100,000
$114,286
$1,000,000
$1,142,857
Inflation by spending category, 1949–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1949 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1949 →
All items (CPI-U)
1.93%
$114
Medical care
3.56%
$128
Transportation
2.46%
$119
Food
1.63%
$112
Apparel
0.99%
$107
Not shown because the BLS began these indexes after 1949: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1949 to 1956: $100 is worth $114 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1949-to-1956/
APA: InflationCalculator.com. Inflation from 1949 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1949-to-1956/