Between 1951 and 1970, the Consumer Price Index went from 26 to 38.8.
Cumulatively, prices increased 49.2%, which works out to an average of
2.13% per year. Put differently, a dollar in 1951 bought what
$0.67 buys in 1970.
Common amounts: 1951 dollars in 1970
Amount in 1951
Value in 1970
$1.00
$1.49
$5.00
$7.46
$10.00
$14.92
$20.00
$29.85
$50.00
$74.62
$100
$149
$500
$746
$1,000
$1,492
$5,000
$7,462
$10,000
$14,923
$100,000
$149,231
$1,000,000
$1,492,308
Inflation by spending category, 1951–1970
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1970, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
2.13%
$149
Medical care
4.08%
$214
Transportation
2.35%
$156
Food
1.75%
$139
Apparel
1.59%
$135
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 1970: $100 is worth $149 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1970/
APA: InflationCalculator.com. Inflation from 1951 to 1970. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1970/