Between 1954 and 1977, the Consumer Price Index went from 26.9 to 60.6.
Cumulatively, prices increased 125.3%, which works out to an average of
3.59% per year. Put differently, a dollar in 1954 bought what
$0.44 buys in 1977.
Common amounts: 1954 dollars in 1977
Amount in 1954
Value in 1977
$1.00
$2.25
$5.00
$11.26
$10.00
$22.53
$20.00
$45.06
$50.00
$113
$100
$225
$500
$1,126
$1,000
$2,253
$5,000
$11,264
$10,000
$22,528
$100,000
$225,279
$1,000,000
$2,252,788
Inflation by spending category, 1954–1977
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1977, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
3.59%
$225
Medical care
5.19%
$320
Food
3.73%
$232
Transportation
3.61%
$226
Apparel
2.65%
$182
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 1977: $100 is worth $225 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1977/
APA: InflationCalculator.com. Inflation from 1954 to 1977. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1977/