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, $50,000 in the year 1950 is equivalent in purchasing power to $514,246.89 in 2018, a difference of $464,246.89 over 68 years.
|Cumulative price change||928.49%|
|Average inflation rate||3.49%|
|Price difference ($50,000 base)||$464,246.89|
|CPI in 1950||24.1|
|CPI in 2018||247.867|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$50,000 in 1950 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Feb. 2018, http://www.in2013dollars.com/1950-dollars?amount=50000.