U.S. inflation · 1954–2023
$100 in 1954 has the same buying power as
$1,133
in 2023
| Cumulative price change | 1032.7% |
|---|---|
| Average inflation rate | 3.58% per year |
| Converted amount ($100 base) | $1,133 |
| Price difference ($100 base) | $1,033 |
| CPI in 1954 | 26.9 |
| CPI in 2023 | 304.702 |
| Inflation in 1954 | 0.75% |
| Inflation in 2023 | 4.12% |
| $100 in 1954 → 2023 | $1,133 |
| $100 in 2023 → 1954 | $8.83 |
Between 1954 and 2023, the Consumer Price Index went from 26.9 to 304.702. Cumulatively, prices increased 1032.7%, which works out to an average of 3.58% per year. Put differently, a dollar in 1954 bought what $0.09 buys in 2023.
| Amount in 1954 | Value in 2023 |
|---|---|
| $1.00 | $11.33 |
| $5.00 | $56.64 |
| $10.00 | $113 |
| $20.00 | $227 |
| $50.00 | $566 |
| $100 | $1,133 |
| $500 | $5,664 |
| $1,000 | $11,327 |
| $5,000 | $56,636 |
| $10,000 | $113,272 |
| $100,000 | $1,132,721 |
| $1,000,000 | $11,327,212 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1954 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1954 → |
|---|---|---|
| All items (CPI-U) | 3.58% | $1,133 |
| Medical care | 5.10% | $3,085 |
| Food | 3.60% | $1,145 |
| Transportation | 3.43% | $1,023 |
| Apparel | 1.62% | $303 |
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–).
| Year | CPI | Inflation rate | $100 from 1954 |
|---|---|---|---|
| 1954 | 26.9 | 0.7% | $100 |
| 1959 | 29.1 | 0.7% | $108 |
| 1964 | 31 | 1.3% | $115 |
| 1969 | 36.7 | 5.5% | $136 |
| 1974 | 49.3 | 11.0% | $183 |
| 1979 | 72.6 | 11.3% | $270 |
| 1984 | 103.9 | 4.3% | $386 |
| 1989 | 124 | 4.8% | $461 |
| 1994 | 148.2 | 2.6% | $551 |
| 1999 | 166.6 | 2.2% | $619 |
| 2004 | 188.9 | 2.7% | $702 |
| 2009 | 214.537 | -0.4% | $798 |
| 2014 | 236.736 | 1.6% | $880 |
| 2019 | 255.657 | 1.8% | $950 |
| 2023 | 304.702 | 4.1% | $1,133 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1954 to 2023: $100 is worth $1,133 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-2023/
APA: InflationCalculator.com. Inflation from 1954 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.