Between 1931 and 1957, the Consumer Price Index went from 15.2 to 28.1.
Cumulatively, prices increased 84.9%, which works out to an average of
2.39% per year. Put differently, a dollar in 1931 bought what
$0.54 buys in 1957.
Common amounts: 1931 dollars in 1957
Amount in 1931
Value in 1957
$1.00
$1.85
$5.00
$9.24
$10.00
$18.49
$20.00
$36.97
$50.00
$92.43
$100
$185
$500
$924
$1,000
$1,849
$5,000
$9,243
$10,000
$18,487
$100,000
$184,868
$1,000,000
$1,848,684
Inflation by spending category, 1931–1957
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1931 spending costs in 1957, by category:
Category
Avg. yearly inflation
$100 in 1931 →
All items (CPI-U)
2.39%
$185
Food
3.15%
$224
Apparel
2.75%
$202
Not shown because the BLS began these indexes after 1931: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1931 to 1957: $100 is worth $185 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1931-to-1957/
APA: InflationCalculator.com. Inflation from 1931 to 1957. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1931-to-1957/