U.S. inflation rate in 1950: 1.26%

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U.S. Inflation Rate, 1950-2017 ($1)

The consumer price index (CPI) in 1950 was 24.1. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.52% per year. Prices in 2017 are 916.0% higher than prices in 1950.

In other words, $1 in the year 1950 is equivalent to $10.16 in 2017, a difference of $9.16 over 67 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1950 to 2017
Cumulative price change 916.00%
Average inflation rate 3.52%
Price difference ($1 base) $9.16
CPI in 1950 24.1
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Milk · Electricity · Film and photographic supplies · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1950

Start with the inflation rate formula:

CPI in 2017 / CPI in 1950 * 1950 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 244.786 in 2017:

244.786 / 24.1 * $1 = $10.16

$1 in 1950 has the same "purchasing power" as $10.16 in 2017.


News headlines from 1950

Politics and news often play an important role in economic performance.

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

Inflation Data Source: 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.


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