Between 1939 and 1956, the Consumer Price Index went from 13.9 to 27.2.
Cumulatively, prices increased 95.7%, which works out to an average of
4.03% per year. Put differently, a dollar in 1939 bought what
$0.51 buys in 1956.
Common amounts: 1939 dollars in 1956
Amount in 1939
Value in 1956
$1.00
$1.96
$5.00
$9.78
$10.00
$19.57
$20.00
$39.14
$50.00
$97.84
$100
$196
$500
$978
$1,000
$1,957
$5,000
$9,784
$10,000
$19,568
$100,000
$195,683
$1,000,000
$1,956,835
Inflation by spending category, 1939–1956
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1939 spending costs in 1956, by category:
Category
Avg. yearly inflation
$100 in 1939 →
All items (CPI-U)
4.03%
$196
Food
5.21%
$237
Apparel
4.23%
$202
Medical care
3.64%
$183
Transportation
3.63%
$183
Not shown because the BLS began these indexes after 1939: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1939 to 1956: $100 is worth $196 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1939-to-1956/
APA: InflationCalculator.com. Inflation from 1939 to 1956. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1939-to-1956/