Between 1951 and 1968, the Consumer Price Index went from 26 to 34.8.
Cumulatively, prices increased 33.8%, which works out to an average of
1.73% per year. Put differently, a dollar in 1951 bought what
$0.75 buys in 1968.
Common amounts: 1951 dollars in 1968
Amount in 1951
Value in 1968
$1.00
$1.34
$5.00
$6.69
$10.00
$13.38
$20.00
$26.77
$50.00
$66.92
$100
$134
$500
$669
$1,000
$1,338
$5,000
$6,692
$10,000
$13,385
$100,000
$133,846
$1,000,000
$1,338,462
Inflation by spending category, 1951–1968
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1968, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
1.73%
$134
Medical care
3.78%
$188
Transportation
2.10%
$142
Food
1.33%
$125
Apparel
1.19%
$122
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 1968: $100 is worth $134 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1968/
APA: InflationCalculator.com. Inflation from 1951 to 1968. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1968/