$100 in 1954 is worth $771 in 2007,
because prices increased 670.8% over that period, an average of
3.93% a year.
$100 in 1954 has
the same buying power as
$771
in 2007
Detailed inflation statistics
Cumulative price change
670.8%
Average inflation rate
3.93% per year
Converted amount ($100 base)
$771
Price difference ($100 base)
$671
CPI in 1954
26.9
CPI in 2007
207.342
Inflation in 1954
0.75%
Inflation in 2007
2.85%
$100 in 1954 → 2007
$771
$100 in 2007 → 1954
$12.97
What happened to prices between 1954 and 2007
Between 1954 and 2007, the Consumer Price Index went from 26.9 to 207.342.
Cumulatively, prices increased 670.8%, which works out to an average of
3.93% per year. Put differently, a dollar in 1954 bought what
$0.13 buys in 2007: the 1954 dollar
lost 87.0% of its purchasing power over
these 53 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 2007 at the same ratio, 7.71: $1,000 becomes
$7,708, and $10,000 becomes $77,079.
Amount in 1954
Value in 2007
$1.00
$7.71
$5.00
$38.54
$10.00
$77.08
$20.00
$154
$50.00
$385
$100
$771
$500
$3,854
$1,000
$7,708
$5,000
$38,539
$10,000
$77,079
$100,000
$770,788
$1,000,000
$7,707,881
Inflation by spending category, 1954–2007
Between 1954 and 2007, medical care rose the most, up 1872.2%, while apparel rose the least, up 176.1%, against 670.8% for all items. The headline number is an average; here is what $100 of 1954
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
3.93%
$771
Medical care
5.79%
$1,972
Food
3.79%
$720
Transportation
3.76%
$708
Apparel
1.93%
$276
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 2007
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 1954–2007 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
2000–2007
2.69%
20.4%
$771
Year by year: CPI and the value of $100 from 1954
$100 from 1954 had already become $306 by
1980, on its way to $771 in 2007; 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: 2007
In 2007, prices rose 2.8% and $100 from 1954 had the buying
power of $771; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1954 to 2007: $100 is worth $771 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-2007/
APA: InflationCalculator.com. Inflation from 1954 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-2007/