Between 1951 and 2008, the Consumer Price Index went from 26 to 215.303.
Cumulatively, prices increased 728.1%, which works out to an average of
3.78% per year. Put differently, a dollar in 1951 bought what
$0.12 buys in 2008.
Common amounts: 1951 dollars in 2008
Amount in 1951
Value in 2008
$1.00
$8.28
$5.00
$41.40
$10.00
$82.81
$20.00
$166
$50.00
$414
$100
$828
$500
$4,140
$1,000
$8,281
$5,000
$41,404
$10,000
$82,809
$100,000
$828,088
$1,000,000
$8,280,885
Inflation by spending category, 1951–2008
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 2008, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
3.78%
$828
Medical care
5.65%
$2,290
Transportation
3.74%
$811
Food
3.62%
$759
Apparel
1.76%
$271
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 2008: $100 is worth $828 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-2008/
APA: InflationCalculator.com. Inflation from 1951 to 2008. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-2008/