Between 1954 and 1976, the Consumer Price Index went from 26.9 to 56.9.
Cumulatively, prices increased 111.5%, which works out to an average of
3.46% per year. Put differently, a dollar in 1954 bought what
$0.47 buys in 1976.
Common amounts: 1954 dollars in 1976
Amount in 1954
Value in 1976
$1.00
$2.12
$5.00
$10.58
$10.00
$21.15
$20.00
$42.30
$50.00
$106
$100
$212
$500
$1,058
$1,000
$2,115
$5,000
$10,576
$10,000
$21,152
$100,000
$211,524
$1,000,000
$2,115,242
Inflation by spending category, 1954–1976
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1976, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
3.46%
$212
Medical care
4.99%
$292
Food
3.62%
$218
Transportation
3.45%
$211
Apparel
2.56%
$174
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 1976: $100 is worth $212 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1976/
APA: InflationCalculator.com. Inflation from 1954 to 1976. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1976/