Between 1945 and 1958, the Consumer Price Index went from 18 to 28.9.
Cumulatively, prices increased 60.6%, which works out to an average of
3.71% per year. Put differently, a dollar in 1945 bought what
$0.62 buys in 1958.
Common amounts: 1945 dollars in 1958
Amount in 1945
Value in 1958
$1.00
$1.61
$5.00
$8.03
$10.00
$16.06
$20.00
$32.11
$50.00
$80.28
$100
$161
$500
$803
$1,000
$1,606
$5,000
$8,028
$10,000
$16,056
$100,000
$160,556
$1,000,000
$1,605,556
Inflation by spending category, 1945–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1945 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1945 →
All items (CPI-U)
3.71%
$161
Transportation
4.62%
$180
Food
4.38%
$175
Medical care
4.31%
$173
Apparel
2.74%
$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 1958: $100 is worth $161 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1945-to-1958/
APA: InflationCalculator.com. Inflation from 1945 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1945-to-1958/