Between 1951 and 1956, the Consumer Price Index went from 26 to 27.2.
Cumulatively, prices increased 4.6%, which works out to an average of
0.91% per year. Put differently, a dollar in 1951 bought what
$0.96 buys in 1956.
Common amounts: 1951 dollars in 1956
Amount in 1951
Value in 1956
$1.00
$1.05
$5.00
$5.23
$10.00
$10.46
$20.00
$20.92
$50.00
$52.31
$100
$105
$500
$523
$1,000
$1,046
$5,000
$5,231
$10,000
$10,462
$100,000
$104,615
$1,000,000
$1,046,154
Inflation by spending category, 1951–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
0.91%
$105
Medical care
3.52%
$119
Transportation
1.68%
$109
Apparel
-0.09%
$99.54
Food
-0.14%
$99.29
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 1956: $100 is worth $105 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1956/
APA: InflationCalculator.com. Inflation from 1951 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1956/