Between 1951 and 1977, the Consumer Price Index went from 26 to 60.6.
Cumulatively, prices increased 133.1%, which works out to an average of
3.31% per year. Put differently, a dollar in 1951 bought what
$0.43 buys in 1977.
Common amounts: 1951 dollars in 1977
Amount in 1951
Value in 1977
$1.00
$2.33
$5.00
$11.65
$10.00
$23.31
$20.00
$46.62
$50.00
$117
$100
$233
$500
$1,165
$1,000
$2,331
$5,000
$11,654
$10,000
$23,308
$100,000
$233,077
$1,000,000
$2,330,769
Inflation by spending category, 1951–1977
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1977, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
3.31%
$233
Medical care
5.03%
$358
Transportation
3.50%
$245
Food
3.29%
$232
Apparel
2.27%
$179
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 1977: $100 is worth $233 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1977/
APA: InflationCalculator.com. Inflation from 1951 to 1977. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1977/