Between 1949 and 1966, the Consumer Price Index went from 23.8 to 32.4.
Cumulatively, prices increased 36.1%, which works out to an average of
1.83% per year. Put differently, a dollar in 1949 bought what
$0.73 buys in 1966.
Common amounts: 1949 dollars in 1966
Amount in 1949
Value in 1966
$1.00
$1.36
$5.00
$6.81
$10.00
$13.61
$20.00
$27.23
$50.00
$68.07
$100
$136
$500
$681
$1,000
$1,361
$5,000
$6,807
$10,000
$13,613
$100,000
$136,134
$1,000,000
$1,361,345
Inflation by spending category, 1949–1966
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1949 spending costs in 1966, by category:
Category
Avg. yearly inflation
$100 in 1949 →
All items (CPI-U)
1.83%
$136
Medical care
3.44%
$178
Transportation
2.26%
$146
Food
1.79%
$135
Apparel
1.08%
$120
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 1966: $100 is worth $136 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1949-to-1966/
APA: InflationCalculator.com. Inflation from 1949 to 1966. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1949-to-1966/