Between 1953 and 1954, the Consumer Price Index went from 26.7 to 26.9.
Cumulatively, prices increased 0.7%, which works out to an average of
0.75% per year. Put differently, a dollar in 1953 bought what
$0.99 buys in 1954.
Common amounts: 1953 dollars in 1954
Amount in 1953
Value in 1954
$1.00
$1.01
$5.00
$5.04
$10.00
$10.07
$20.00
$20.15
$50.00
$50.37
$100
$101
$500
$504
$1,000
$1,007
$5,000
$5,037
$10,000
$10,075
$100,000
$100,749
$1,000,000
$1,007,491
Inflation by spending category, 1953–1954
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1953 spending costs in 1954, by category:
Category
Avg. yearly inflation
$100 in 1953 →
All items (CPI-U)
0.75%
$101
Medical care
2.89%
$103
Apparel
0.00%
$100
Food
-0.35%
$99.65
Transportation
-1.51%
$98.49
Not shown because the BLS began these indexes after 1953: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1953 to 1954: $100 is worth $101 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1953-to-1954/
APA: InflationCalculator.com. Inflation from 1953 to 1954. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1953-to-1954/