$15 in 1950 → $154.27 in 2018

Inflation Calculator

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U.S. Inflation Rate, 1950-2018 ($15)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.49% per year. Prices in 2018 are 928.5% higher than prices in 1950.

In other words, $15 in the year 1950 is equivalent in purchasing power to $154.27 in 2018, a difference of $139.27 over 68 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $15 today will be equivalent to $15.19 next year.

Inflation from 1950 to 2018
Cumulative price change 928.47%
Average inflation rate 3.49%
Price difference ($15 base) $139.27
CPI in 1950 24.1
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New trucks · Financial services · Airline fares · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $15 since 1950

Start with the inflation rate formula:

CPI in 2018 / CPI in 1950 * 1950 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 247.867 in 2018:

247.867 / 24.1 * $15 = $154.27

$15 in 1950 has the same "purchasing power" as $154.27 in 2018.


News headlines from 1950

Politics and news often influence economic performance. Here's what was happening at the time:

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$15 in 1950 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Feb. 2018, http://www.in2013dollars.com/1950-dollars?amount=15.


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