U.S. inflation · 1953–2024
$100 in 1953 has the same buying power as
$1,175
in 2024
| Cumulative price change | 1074.9% |
|---|---|
| Average inflation rate | 3.53% per year |
| Converted amount ($100 base) | $1,175 |
| Price difference ($100 base) | $1,075 |
| CPI in 1953 | 26.7 |
| CPI in 2024 | 313.689 |
| Inflation in 1953 | 0.75% |
| Inflation in 2024 | 2.95% |
| $100 in 1953 → 2024 | $1,175 |
| $100 in 2024 → 1953 | $8.51 |
Between 1953 and 2024, the Consumer Price Index went from 26.7 to 313.689. Cumulatively, prices increased 1074.9%, which works out to an average of 3.53% per year. Put differently, a dollar in 1953 bought what $0.09 buys in 2024.
| Amount in 1953 | Value in 2024 |
|---|---|
| $1.00 | $11.75 |
| $5.00 | $58.74 |
| $10.00 | $117 |
| $20.00 | $235 |
| $50.00 | $587 |
| $100 | $1,175 |
| $500 | $5,874 |
| $1,000 | $11,749 |
| $5,000 | $58,743 |
| $10,000 | $117,487 |
| $100,000 | $1,174,865 |
| $1,000,000 | $11,748,652 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1953 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 1953 → |
|---|---|---|
| All items (CPI-U) | 3.53% | $1,175 |
| Medical care | 5.03% | $3,259 |
| Food | 3.52% | $1,167 |
| Transportation | 3.33% | $1,021 |
| Apparel | 1.58% | $305 |
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–).
| Year | CPI | Inflation rate | $100 from 1953 |
|---|---|---|---|
| 1953 | 26.7 | 0.8% | $100 |
| 1958 | 28.9 | 2.8% | $108 |
| 1963 | 30.6 | 1.3% | $115 |
| 1968 | 34.8 | 4.2% | $130 |
| 1973 | 44.4 | 6.2% | $166 |
| 1978 | 65.2 | 7.6% | $244 |
| 1983 | 99.6 | 3.2% | $373 |
| 1988 | 118.3 | 4.1% | $443 |
| 1993 | 144.5 | 3.0% | $541 |
| 1998 | 163 | 1.6% | $610 |
| 2003 | 184 | 2.3% | $689 |
| 2008 | 215.303 | 3.8% | $806 |
| 2013 | 232.957 | 1.5% | $872 |
| 2018 | 251.107 | 2.4% | $940 |
| 2023 | 304.702 | 4.1% | $1,141 |
| 2024 | 313.689 | 2.9% | $1,175 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1953 to 2024: $100 is worth $1,175 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1953-to-2024/
APA: InflationCalculator.com. Inflation from 1953 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1953-to-2024/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.