Between 1950 and 1953, the Consumer Price Index went from 24.1 to 26.7.
Cumulatively, prices increased 10.8%, which works out to an average of
3.47% per year. Put differently, a dollar in 1950 bought what
$0.90 buys in 1953.
Common amounts: 1950 dollars in 1953
Amount in 1950
Value in 1953
$1.00
$1.11
$5.00
$5.54
$10.00
$11.08
$20.00
$22.16
$50.00
$55.39
$100
$111
$500
$554
$1,000
$1,108
$5,000
$5,539
$10,000
$11,079
$100,000
$110,788
$1,000,000
$1,107,884
Inflation by spending category, 1950–1953
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1953, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
3.47%
$111
Transportation
5.29%
$117
Medical care
4.64%
$115
Food
3.67%
$111
Apparel
2.26%
$107
Not shown because the BLS began these indexes after 1950: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1950 to 1953: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1953/
APA: InflationCalculator.com. Inflation from 1950 to 1953. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1953/