Between 1941 and 1958, the Consumer Price Index went from 14.7 to 28.9.
Cumulatively, prices increased 96.6%, which works out to an average of
4.06% per year. Put differently, a dollar in 1941 bought what
$0.51 buys in 1958.
Common amounts: 1941 dollars in 1958
Amount in 1941
Value in 1958
$1.00
$1.97
$5.00
$9.83
$10.00
$19.66
$20.00
$39.32
$50.00
$98.30
$100
$197
$500
$983
$1,000
$1,966
$5,000
$9,830
$10,000
$19,660
$100,000
$196,599
$1,000,000
$1,965,986
Inflation by spending category, 1941–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1941 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1941 →
All items (CPI-U)
4.06%
$197
Food
5.04%
$231
Medical care
4.10%
$198
Apparel
4.03%
$196
Transportation
3.99%
$195
Not shown because the BLS began these indexes after 1941: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1941 to 1958: $100 is worth $197 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1941-to-1958/
APA: InflationCalculator.com. Inflation from 1941 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1941-to-1958/