Between 1950 and 1974, the Consumer Price Index went from 24.1 to 49.3.
Cumulatively, prices increased 104.6%, which works out to an average of
3.03% per year. Put differently, a dollar in 1950 bought what
$0.49 buys in 1974.
Common amounts: 1950 dollars in 1974
Amount in 1950
Value in 1974
$1.00
$2.05
$5.00
$10.23
$10.00
$20.46
$20.00
$40.91
$50.00
$102
$100
$205
$500
$1,023
$1,000
$2,046
$5,000
$10,228
$10,000
$20,456
$100,000
$204,564
$1,000,000
$2,045,643
Inflation by spending category, 1950–1974
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1974, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
3.03%
$205
Medical care
4.40%
$281
Food
3.28%
$217
Transportation
2.97%
$202
Apparel
2.29%
$172
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 1974: $100 is worth $205 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1974/
APA: InflationCalculator.com. Inflation from 1950 to 1974. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1974/