Between 1953 and 1972, the Consumer Price Index went from 26.7 to 41.8.
Cumulatively, prices increased 56.6%, which works out to an average of
2.39% per year. Put differently, a dollar in 1953 bought what
$0.64 buys in 1972.
Common amounts: 1953 dollars in 1972
Amount in 1953
Value in 1972
$1.00
$1.57
$5.00
$7.83
$10.00
$15.66
$20.00
$31.31
$50.00
$78.28
$100
$157
$500
$783
$1,000
$1,566
$5,000
$7,828
$10,000
$15,655
$100,000
$156,554
$1,000,000
$1,565,543
Inflation by spending category, 1953–1972
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1953 spending costs in 1972, by category:
Category
Avg. yearly inflation
$100 in 1953 →
All items (CPI-U)
2.39%
$157
Medical care
4.13%
$216
Transportation
2.18%
$151
Food
2.11%
$149
Apparel
1.96%
$145
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 1972: $100 is worth $157 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1953-to-1972/
APA: InflationCalculator.com. Inflation from 1953 to 1972. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1953-to-1972/