Between 1951 and 2002, the Consumer Price Index went from 26 to 179.9.
Cumulatively, prices increased 591.9%, which works out to an average of
3.87% per year. Put differently, a dollar in 1951 bought what
$0.14 buys in 2002.
Common amounts: 1951 dollars in 2002
Amount in 1951
Value in 2002
$1.00
$6.92
$5.00
$34.60
$10.00
$69.19
$20.00
$138
$50.00
$346
$100
$692
$500
$3,460
$1,000
$6,919
$5,000
$34,596
$10,000
$69,192
$100,000
$691,923
$1,000,000
$6,919,231
Inflation by spending category, 1951–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
3.87%
$692
Medical care
5.83%
$1,796
Transportation
3.69%
$634
Food
3.66%
$625
Apparel
2.06%
$282
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–).
Long periods are sampled every 2 years; the calculator above covers any pair of years.
Cite this page
MLA: “Inflation from 1951 to 2002: $100 is worth $692 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-2002/
APA: InflationCalculator.com. Inflation from 1951 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-2002/