$100 in 1954 is worth $669 in 2002,
because prices increased 568.8% over that period, an average of
4.04% a year.
$100 in 1954 has
the same buying power as
$669
in 2002
Detailed inflation statistics
Cumulative price change
568.8%
Average inflation rate
4.04% per year
Converted amount ($100 base)
$669
Price difference ($100 base)
$569
CPI in 1954
26.9
CPI in 2002
179.9
Inflation in 1954
0.75%
Inflation in 2002
1.58%
$100 in 1954 → 2002
$669
$100 in 2002 → 1954
$14.95
What happened to prices between 1954 and 2002
Between 1954 and 2002, the Consumer Price Index went from 26.9 to 179.9.
Cumulatively, prices increased 568.8%, which works out to an average of
4.04% per year. Put differently, a dollar in 1954 bought what
$0.15 buys in 2002: the 1954 dollar
lost 85.0% of its purchasing power over
these 48 years.
Consumer prices rose 0.7% in 1954, extending 1953’s 0.8%
slowdown even as the economy tipped into recession, an early example of
prices continuing to rise through a downturn rather than falling with it.
The National Bureau of Economic Research dates that recession from July
1953 to May 1954, as defense spending fell after the Korean War armistice
and the tighter monetary policy of the year before worked its way through
the economy. The Supreme Court reshaped a different part of American life
that spring: its unanimous May 17 ruling in Brown v. Board of Education
held that “separate but equal” public schools violated the Constitution,
overturning the legal basis for segregated education. Washington also
closed the book on a different fight that year. Following the televised
Army-McCarthy hearings that spring, the Senate voted 67 to 22 on December
2 to condemn Senator Joseph McCarthy’s conduct, ending his dominance of
American politics after four years of anti-communist investigations.
Consumer prices finished 1954 171.7% above their 1913
level, essentially flat with 1953 as the mild recession
held the cost of living in check. First-class postage held at 3 cents,
and the minimum wage stayed at 75 cents an hour.
Every 1954 amount converts to 2002 at the same ratio, 6.69: $1,000 becomes
$6,688, and $10,000 becomes $66,877.
Amount in 1954
Value in 2002
$1.00
$6.69
$5.00
$33.44
$10.00
$66.88
$20.00
$134
$50.00
$334
$100
$669
$500
$3,344
$1,000
$6,688
$5,000
$33,439
$10,000
$66,877
$100,000
$668,773
$1,000,000
$6,687,732
Inflation by spending category, 1954–2002
Between 1954 and 2002, medical care rose the most, up 1504.5%, while apparel rose the least, up 187.7%, against 568.8% for all items. The headline number is an average; here is what $100 of 1954
spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
4.04%
$669
Medical care
5.95%
$1,604
Food
3.89%
$625
Transportation
3.75%
$586
Apparel
2.23%
$288
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–).
Decade by decade: 1954 to 2002
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1950s (1.61% a year). Each step below chains into the full 1954–2002 change:
Years
Avg. yearly inflation
Price change
$100 from 1954, at end
1954–1960
1.61%
10.0%
$110
1960–1970
2.74%
31.1%
$144
1970–1980
7.82%
112.4%
$306
1980–1990
4.72%
58.6%
$486
1990–2000
2.80%
31.8%
$640
2000–2002
2.21%
4.5%
$669
Year by year: CPI and the value of $100 from 1954
$100 from 1954 had already become $242 by
1978, on its way to $669 in 2002; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 13.5% in 1980, and prices fell 0.4% in 1955, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2002
In 2002, prices rose 1.6% and $100 from 1954 had the buying
power of $669; the year's average CPI of 179.9 is the level
behind every 2002 figure on this page.
The CPI rose 1.6% in 2002, the lowest annual rate of the decade so far, with gasoline down to an
average of $1.36 a gallon and slack in the labor market keeping wage pressure low. The median
household earned about $42,400, and a new home cost roughly $187,600, an increase of about 7%
from the year before as low mortgage rates began to lift housing. The Federal Reserve cut its
policy rate to 1.25% in November. Stocks were moving the other way: after the Enron and WorldCom
scandals, the S&P 500 hit its bear-market low on October 9, about 49% below its March 2000
peak, and Congress passed the Sarbanes-Oxley Act in July to tighten corporate accounting rules.
On January 1, euro banknotes and coins replaced national currencies in 12 European countries. A
first-class stamp rose to 37 cents in June, and the federal minimum wage stayed at $5.15.
MLA: “Inflation from 1954 to 2002: $100 is worth $669 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-2002/
APA: InflationCalculator.com. Inflation from 1954 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-2002/