# $3,758 in 1954 is worth$5,420.46 in 1970

$3,758 in 1954 has the same purchasing power as$5,420.46 in 1970. Over the 16 years this is a change of $1,662.46. The average inflation rate of the dollar between 1954 and 1970 was 2.24% per year. The cumulative price increase of the dollar over this time was 44.24%. ## The value of$3,758 from 1954 to 1970

So what does this data mean? It means that the prices in 1970 are 54.20 higher than the average prices since 1954. A dollar in 1970 can buy 69.33% of what it could buy in 1954.

We can look at the buying power equivalent for $3,758 in 1954 to see how much you would need to adjust for in order to beat inflation. For 1954 to 1970, if you started with$3,758 in 1954, you would need to have $5,420.46 in 1954 to keep up with inflation rates. So if we are saying that$3,758 is equivalent to $5,420.46 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 16 years. ## Value of$3,758 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1954 $3,758.00 0.75% 1955$3,744.03 -0.37%
1956 $3,799.91 1.49% 1957$3,925.64 3.31%
1958 $4,037.41 2.85% 1959$4,065.35 0.69%
1960 $4,135.20 1.72% 1961$4,177.11 1.01%
1962 $4,219.02 1.00% 1963$4,274.90 1.32%
1964 $4,330.78 1.31% 1965$4,400.63 1.61%
1966 $4,526.36 2.86% 1967$4,666.07 3.09%
1968 $4,861.65 4.19% 1969$5,127.09 5.46%