Between 1951 and 1976, the Consumer Price Index went from 26 to 56.9.
Cumulatively, prices increased 118.8%, which works out to an average of
3.18% per year. Put differently, a dollar in 1951 bought what
$0.46 buys in 1976.
Common amounts: 1951 dollars in 1976
Amount in 1951
Value in 1976
$1.00
$2.19
$5.00
$10.94
$10.00
$21.88
$20.00
$43.77
$50.00
$109
$100
$219
$500
$1,094
$1,000
$2,188
$5,000
$10,942
$10,000
$21,885
$100,000
$218,846
$1,000,000
$2,188,462
Inflation by spending category, 1951–1976
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1976, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
3.18%
$219
Medical care
4.85%
$327
Transportation
3.36%
$229
Food
3.17%
$218
Apparel
2.18%
$171
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 1976: $100 is worth $219 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1976/
APA: InflationCalculator.com. Inflation from 1951 to 1976. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1976/