U.S. inflation · 1950–2023
$100 in 1950 has the same buying power as
$1,264
in 2023
| Cumulative price change | 1164.3% |
|---|---|
| Average inflation rate | 3.54% per year |
| Converted amount ($100 base) | $1,264 |
| Price difference ($100 base) | $1,164 |
| CPI in 1950 | 24.1 |
| CPI in 2023 | 304.702 |
| Inflation in 1950 | 1.26% |
| Inflation in 2023 | 4.12% |
| $100 in 1950 → 2023 | $1,264 |
| $100 in 2023 → 1950 | $7.91 |
Between 1950 and 2023, the Consumer Price Index went from 24.1 to 304.702. Cumulatively, prices increased 1164.3%, which works out to an average of 3.54% per year. Put differently, a dollar in 1950 bought what $0.08 buys in 2023.
| Amount in 1950 | Value in 2023 |
|---|---|
| $1.00 | $12.64 |
| $5.00 | $63.22 |
| $10.00 | $126 |
| $20.00 | $253 |
| $50.00 | $632 |
| $100 | $1,264 |
| $500 | $6,322 |
| $1,000 | $12,643 |
| $5,000 | $63,216 |
| $10,000 | $126,432 |
| $100,000 | $1,264,324 |
| $1,000,000 | $12,643,237 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1950 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1950 → |
|---|---|---|
| All items (CPI-U) | 3.54% | $1,264 |
| Medical care | 5.05% | $3,636 |
| Food | 3.54% | $1,272 |
| Transportation | 3.43% | $1,176 |
| Apparel | 1.62% | $324 |
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–).
| Year | CPI | Inflation rate | $100 from 1950 |
|---|---|---|---|
| 1950 | 24.1 | 1.3% | $100 |
| 1955 | 26.8 | -0.4% | $111 |
| 1960 | 29.6 | 1.7% | $123 |
| 1965 | 31.5 | 1.6% | $131 |
| 1970 | 38.8 | 5.7% | $161 |
| 1975 | 53.8 | 9.1% | $223 |
| 1980 | 82.4 | 13.5% | $342 |
| 1985 | 107.6 | 3.6% | $446 |
| 1990 | 130.7 | 5.4% | $542 |
| 1995 | 152.4 | 2.8% | $632 |
| 2000 | 172.2 | 3.4% | $715 |
| 2005 | 195.3 | 3.4% | $810 |
| 2010 | 218.056 | 1.6% | $905 |
| 2015 | 237.017 | 0.1% | $983 |
| 2020 | 258.811 | 1.2% | $1,074 |
| 2023 | 304.702 | 4.1% | $1,264 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1950 to 2023: $100 is worth $1,264 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-2023/
APA: InflationCalculator.com. Inflation from 1950 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.