Between 1951 and 1957, the Consumer Price Index went from 26 to 28.1.
Cumulatively, prices increased 8.1%, which works out to an average of
1.30% per year. Put differently, a dollar in 1951 bought what
$0.93 buys in 1957.
Common amounts: 1951 dollars in 1957
Amount in 1951
Value in 1957
$1.00
$1.08
$5.00
$5.40
$10.00
$10.81
$20.00
$21.62
$50.00
$54.04
$100
$108
$500
$540
$1,000
$1,081
$5,000
$5,404
$10,000
$10,808
$100,000
$108,077
$1,000,000
$1,080,769
Inflation by spending category, 1951–1957
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1957, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
1.30%
$108
Medical care
3.64%
$124
Transportation
2.35%
$115
Food
0.41%
$102
Apparel
0.23%
$101
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 1957: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1957/
APA: InflationCalculator.com. Inflation from 1951 to 1957. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1957/