Between 1950 and 1976, the Consumer Price Index went from 24.1 to 56.9.
Cumulatively, prices increased 136.1%, which works out to an average of
3.36% per year. Put differently, a dollar in 1950 bought what
$0.42 buys in 1976.
Common amounts: 1950 dollars in 1976
Amount in 1950
Value in 1976
$1.00
$2.36
$5.00
$11.80
$10.00
$23.61
$20.00
$47.22
$50.00
$118
$100
$236
$500
$1,180
$1,000
$2,361
$5,000
$11,805
$10,000
$23,610
$100,000
$236,100
$1,000,000
$2,360,996
Inflation by spending category, 1950–1976
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1976, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
3.36%
$236
Medical care
4.87%
$344
Transportation
3.47%
$243
Food
3.47%
$243
Apparel
2.43%
$187
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 1976: $100 is worth $236 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1976/
APA: InflationCalculator.com. Inflation from 1950 to 1976. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1976/