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 859.8% higher than prices in 1951.

In other words, $100 in the year 1951 is equivalent in purchasing power to $959.82 in 2018, a difference of $859.82 over 67 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%^{1}. If this number holds, $100 today would be equivalent to $101.95 next year.
The current inflation rate page gives more detail on the latest official inflation rates.

Cumulative price change | 859.82% |

Average inflation rate | 3.43% |

Price difference ($100 base) | $859.82 |

CPI in 1951 | 26 |

CPI in 2018 | 249.554 |

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 249.554 in 2018:

249.554 / 26 * $100 =

$100 in 1951 has the same "purchasing power" as $959.82 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.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/inflation-rate-in-1951.