The consumer price index (CPI) in 1951 was 26. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.43% per year. Prices in 2018 are 858.0% higher than prices in 1951.

In other words, $1 in the year 1951 is equivalent in purchasing power to $9.58 in 2018, a difference of $8.58 over 67 years.

The
current inflation rate
in 2018 is 1.72%^{1}. If this number holds, $1 today will be equivalent to $1.02 next year.

Cumulative price change | 858.00% |

Average inflation rate | 3.43% |

Price difference ($1 base) | $8.58 |

CPI in 1951 | 26 |

CPI in 2018 | 248.991 |

CPI in 2018 / CPI in 1951 * 1951 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26 in the year 1951 and 248.991 in 2018:

248.991 / 26 * $1 =

$1 in 1951 has the same "purchasing power" as $9.58 in 2018.

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

- Stalin's announces that the USSR has developed an atomic bomb.
- Luis Miramontes, a Mexican chemist, successfully synthesises the first oral contraceptive.
- The first underground atomic explosion happens at Frenchman Flat, Nevada.

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: “Inflation Rate in 1951 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Mar. 2018, http://www.in2013dollars.com/inflation-rate-in-1951.