Between 1950 and 1977, the Consumer Price Index went from 24.1 to 60.6.
Cumulatively, prices increased 151.5%, which works out to an average of
3.47% per year. Put differently, a dollar in 1950 bought what
$0.40 buys in 1977.
Common amounts: 1950 dollars in 1977
Amount in 1950
Value in 1977
$1.00
$2.51
$5.00
$12.57
$10.00
$25.15
$20.00
$50.29
$50.00
$126
$100
$251
$500
$1,257
$1,000
$2,515
$5,000
$12,573
$10,000
$25,145
$100,000
$251,452
$1,000,000
$2,514,523
Inflation by spending category, 1950–1977
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1977, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
3.47%
$251
Medical care
5.04%
$377
Transportation
3.60%
$260
Food
3.57%
$258
Apparel
2.51%
$195
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 1977: $100 is worth $251 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1977/
APA: InflationCalculator.com. Inflation from 1950 to 1977. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1977/