U.S. inflation rate in 1953: 0.75%

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U.S. Inflation Rate, 1953-2018 ($1)

The consumer price index (CPI) in 1953 was 26.7. 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 3.50% per year. Prices in 2018 are 833.0% higher than prices in 1953.

In other words, $1 in the year 1953 is equivalent in purchasing power to $9.33 in 2018, a difference of $8.33 over 65 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.

Inflation from 1953 to 2018
Cumulative price change 833.00%
Average inflation rate 3.50%
Price difference ($1 base) $8.33
CPI in 1953 26.7
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Food · Airline fares · Wireless telephone services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1953

Start with the inflation rate formula:

CPI in 2018 / CPI in 1953 * 1953 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26.7 in the year 1953 and 248.991 in 2018:

248.991 / 26.7 * $1 = $9.33

$1 in 1953 has the same "purchasing power" as $9.33 in 2018.


News headlines from 1953

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

  • Harry Truman announces that America had developed a hydrogen bomb.
  • Francis Crick and James Watson announce the discovery of the DNA molecule.
  • Doctor Jonas Salk announces the creation of a polio vaccine.

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: “Inflation Rate in 1953 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1953.


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