Between 1951 and 1954, the Consumer Price Index went from 26 to 26.9.
Cumulatively, prices increased 3.5%, which works out to an average of
1.14% per year. Put differently, a dollar in 1951 bought what
$0.97 buys in 1954.
Common amounts: 1951 dollars in 1954
Amount in 1951
Value in 1954
$1.00
$1.03
$5.00
$5.17
$10.00
$10.35
$20.00
$20.69
$50.00
$51.73
$100
$103
$500
$517
$1,000
$1,035
$5,000
$5,173
$10,000
$10,346
$100,000
$103,462
$1,000,000
$1,034,615
Inflation by spending category, 1951–1954
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1954, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
1.14%
$103
Medical care
3.83%
$112
Transportation
2.69%
$108
Food
0.00%
$100
Apparel
-0.61%
$98.18
Not shown because the BLS began these indexes after 1951: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1951 to 1954: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1954/
APA: InflationCalculator.com. Inflation from 1951 to 1954. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1954/