Between 1954 and 1979, the Consumer Price Index went from 26.9 to 72.6.
Cumulatively, prices increased 169.9%, which works out to an average of
4.05% per year. Put differently, a dollar in 1954 bought what
$0.37 buys in 1979.
Common amounts: 1954 dollars in 1979
Amount in 1954
Value in 1979
$1.00
$2.70
$5.00
$13.49
$10.00
$26.99
$20.00
$53.98
$50.00
$135
$100
$270
$500
$1,349
$1,000
$2,699
$5,000
$13,494
$10,000
$26,989
$100,000
$269,888
$1,000,000
$2,698,885
Inflation by spending category, 1954–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
4.05%
$270
Medical care
5.48%
$379
Food
4.25%
$283
Transportation
4.05%
$270
Apparel
2.75%
$197
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 1979: $100 is worth $270 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1979/
APA: InflationCalculator.com. Inflation from 1954 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1979/