Between 1951 and 1971, the Consumer Price Index went from 26 to 40.5.
Cumulatively, prices increased 55.8%, which works out to an average of
2.24% per year. Put differently, a dollar in 1951 bought what
$0.64 buys in 1971.
Common amounts: 1951 dollars in 1971
Amount in 1951
Value in 1971
$1.00
$1.56
$5.00
$7.79
$10.00
$15.58
$20.00
$31.15
$50.00
$77.88
$100
$156
$500
$779
$1,000
$1,558
$5,000
$7,788
$10,000
$15,577
$100,000
$155,769
$1,000,000
$1,557,692
Inflation by spending category, 1951–1971
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1971, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
2.24%
$156
Medical care
4.19%
$227
Transportation
2.50%
$164
Food
1.81%
$143
Apparel
1.67%
$139
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 1971: $100 is worth $156 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1971/
APA: InflationCalculator.com. Inflation from 1951 to 1971. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1971/