Between 1945 and 1957, the Consumer Price Index went from 18 to 28.1.
Cumulatively, prices increased 56.1%, which works out to an average of
3.78% per year. Put differently, a dollar in 1945 bought what
$0.64 buys in 1957.
Common amounts: 1945 dollars in 1957
Amount in 1945
Value in 1957
$1.00
$1.56
$5.00
$7.81
$10.00
$15.61
$20.00
$31.22
$50.00
$78.06
$100
$156
$500
$781
$1,000
$1,561
$5,000
$7,806
$10,000
$15,611
$100,000
$156,111
$1,000,000
$1,561,111
Inflation by spending category, 1945–1957
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1945 spending costs in 1957, by category:
Category
Avg. yearly inflation
$100 in 1945 →
All items (CPI-U)
3.78%
$156
Transportation
4.73%
$174
Food
4.37%
$167
Medical care
4.29%
$166
Apparel
2.95%
$142
Not shown because the BLS began these indexes after 1945: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1945 to 1957: $100 is worth $156 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-1957/
APA: InflationCalculator.com. Inflation from 1945 to 1957. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-1957/