Between 1951 and 1972, the Consumer Price Index went from 26 to 41.8.
Cumulatively, prices increased 60.8%, which works out to an average of
2.29% per year. Put differently, a dollar in 1951 bought what
$0.62 buys in 1972.
Common amounts: 1951 dollars in 1972
Amount in 1951
Value in 1972
$1.00
$1.61
$5.00
$8.04
$10.00
$16.08
$20.00
$32.15
$50.00
$80.38
$100
$161
$500
$804
$1,000
$1,608
$5,000
$8,038
$10,000
$16,077
$100,000
$160,769
$1,000,000
$1,607,692
Inflation by spending category, 1951–1972
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1972, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
2.29%
$161
Medical care
4.14%
$235
Transportation
2.43%
$166
Food
1.93%
$149
Apparel
1.68%
$142
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 1972: $100 is worth $161 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1972/
APA: InflationCalculator.com. Inflation from 1951 to 1972. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1972/