Between 1954 and 1984, the Consumer Price Index went from 26.9 to 103.9.
Cumulatively, prices increased 286.2%, which works out to an average of
4.61% per year. Put differently, a dollar in 1954 bought what
$0.26 buys in 1984.
Common amounts: 1954 dollars in 1984
Amount in 1954
Value in 1984
$1.00
$3.86
$5.00
$19.31
$10.00
$38.62
$20.00
$77.25
$50.00
$193
$100
$386
$500
$1,931
$1,000
$3,862
$5,000
$19,312
$10,000
$38,625
$100,000
$386,245
$1,000,000
$3,862,454
Inflation by spending category, 1954–1984
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1984, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
4.61%
$386
Medical care
6.15%
$600
Transportation
4.71%
$397
Food
4.42%
$366
Apparel
2.92%
$237
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 1984: $100 is worth $386 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1984/
APA: InflationCalculator.com. Inflation from 1954 to 1984. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1984/