Between 1950 and 1963, the Consumer Price Index went from 24.1 to 30.6.
Cumulatively, prices increased 27.0%, which works out to an average of
1.85% per year. Put differently, a dollar in 1950 bought what
$0.79 buys in 1963.
Common amounts: 1950 dollars in 1963
Amount in 1950
Value in 1963
$1.00
$1.27
$5.00
$6.35
$10.00
$12.70
$20.00
$25.39
$50.00
$63.49
$100
$127
$500
$635
$1,000
$1,270
$5,000
$6,349
$10,000
$12,697
$100,000
$126,971
$1,000,000
$1,269,710
Inflation by spending category, 1950–1963
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1963, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
1.85%
$127
Medical care
3.66%
$160
Transportation
2.40%
$136
Food
1.57%
$122
Apparel
1.17%
$116
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 1963: $100 is worth $127 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1963/
APA: InflationCalculator.com. Inflation from 1950 to 1963. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1963/