Between 1950 and 1967, the Consumer Price Index went from 24.1 to 33.4.
Cumulatively, prices increased 38.6%, which works out to an average of
1.94% per year. Put differently, a dollar in 1950 bought what
$0.72 buys in 1967.
Common amounts: 1950 dollars in 1967
Amount in 1950
Value in 1967
$1.00
$1.39
$5.00
$6.93
$10.00
$13.86
$20.00
$27.72
$50.00
$69.29
$100
$139
$500
$693
$1,000
$1,386
$5,000
$6,929
$10,000
$13,859
$100,000
$138,589
$1,000,000
$1,385,892
Inflation by spending category, 1950–1967
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1967, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
1.94%
$139
Medical care
3.74%
$187
Transportation
2.28%
$147
Food
1.75%
$134
Apparel
1.39%
$127
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 1967: $100 is worth $139 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1967/
APA: InflationCalculator.com. Inflation from 1950 to 1967. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1967/