Between 1949 and 1958, the Consumer Price Index went from 23.8 to 28.9.
Cumulatively, prices increased 21.4%, which works out to an average of
2.18% per year. Put differently, a dollar in 1949 bought what
$0.82 buys in 1958.
Common amounts: 1949 dollars in 1958
Amount in 1949
Value in 1958
$1.00
$1.21
$5.00
$6.07
$10.00
$12.14
$20.00
$24.29
$50.00
$60.71
$100
$121
$500
$607
$1,000
$1,214
$5,000
$6,071
$10,000
$12,143
$100,000
$121,429
$1,000,000
$1,214,286
Inflation by spending category, 1949–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1949 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1949 →
All items (CPI-U)
2.18%
$121
Medical care
3.74%
$139
Transportation
2.91%
$129
Food
2.12%
$121
Apparel
0.99%
$109
Not shown because the BLS began these indexes after 1949: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1949 to 1958: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1949-to-1958/
APA: InflationCalculator.com. Inflation from 1949 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1949-to-1958/