Between 1951 and 1959, the Consumer Price Index went from 26 to 29.1.
Cumulatively, prices increased 11.9%, which works out to an average of
1.42% per year. Put differently, a dollar in 1951 bought what
$0.89 buys in 1959.
Common amounts: 1951 dollars in 1959
Amount in 1951
Value in 1959
$1.00
$1.12
$5.00
$5.60
$10.00
$11.19
$20.00
$22.38
$50.00
$55.96
$100
$112
$500
$560
$1,000
$1,119
$5,000
$5,596
$10,000
$11,192
$100,000
$111,923
$1,000,000
$1,119,231
Inflation by spending category, 1951–1959
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1959, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
1.42%
$112
Medical care
3.84%
$135
Transportation
2.69%
$124
Food
0.65%
$105
Apparel
0.31%
$103
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 1959: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1959/
APA: InflationCalculator.com. Inflation from 1951 to 1959. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1959/