Between 1949 and 1973, the Consumer Price Index went from 23.8 to 44.4.
Cumulatively, prices increased 86.6%, which works out to an average of
2.63% per year. Put differently, a dollar in 1949 bought what
$0.54 buys in 1973.
Common amounts: 1949 dollars in 1973
Amount in 1949
Value in 1973
$1.00
$1.87
$5.00
$9.33
$10.00
$18.66
$20.00
$37.31
$50.00
$93.28
$100
$187
$500
$933
$1,000
$1,866
$5,000
$9,328
$10,000
$18,655
$100,000
$186,555
$1,000,000
$1,865,546
Inflation by spending category, 1949–1973
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1949 spending costs in 1973, by category:
Category
Avg. yearly inflation
$100 in 1949 →
All items (CPI-U)
2.63%
$187
Medical care
4.10%
$262
Food
2.77%
$193
Transportation
2.63%
$186
Apparel
1.93%
$158
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 1973: $100 is worth $187 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1949-to-1973/
APA: InflationCalculator.com. Inflation from 1949 to 1973. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1949-to-1973/