Between 1954 and 1961, the Consumer Price Index went from 26.9 to 29.9.
Cumulatively, prices increased 11.2%, which works out to an average of
1.52% per year. Put differently, a dollar in 1954 bought what
$0.90 buys in 1961.
Common amounts: 1954 dollars in 1961
Amount in 1954
Value in 1961
$1.00
$1.11
$5.00
$5.56
$10.00
$11.12
$20.00
$22.23
$50.00
$55.58
$100
$111
$500
$556
$1,000
$1,112
$5,000
$5,558
$10,000
$11,115
$100,000
$111,152
$1,000,000
$1,111,524
Inflation by spending category, 1954–1961
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1961, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
1.52%
$111
Medical care
3.66%
$129
Transportation
2.06%
$115
Food
1.08%
$108
Apparel
0.97%
$107
Not shown because the BLS began these indexes after 1954: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1954 to 1961: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1961/
APA: InflationCalculator.com. Inflation from 1954 to 1961. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1961/