Between 1954 and 1982, the Consumer Price Index went from 26.9 to 96.5.
Cumulatively, prices increased 258.7%, which works out to an average of
4.67% per year. Put differently, a dollar in 1954 bought what
$0.28 buys in 1982.
Common amounts: 1954 dollars in 1982
Amount in 1954
Value in 1982
$1.00
$3.59
$5.00
$17.94
$10.00
$35.87
$20.00
$71.75
$50.00
$179
$100
$359
$500
$1,794
$1,000
$3,587
$5,000
$17,937
$10,000
$35,874
$100,000
$358,736
$1,000,000
$3,587,361
Inflation by spending category, 1954–1982
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1982, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
4.67%
$359
Medical care
6.06%
$520
Transportation
4.80%
$372
Food
4.53%
$345
Apparel
2.97%
$227
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 1982: $100 is worth $359 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1982/
APA: InflationCalculator.com. Inflation from 1954 to 1982. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1982/