Between 1950 and 1958, the Consumer Price Index went from 24.1 to 28.9.
Cumulatively, prices increased 19.9%, which works out to an average of
2.30% per year. Put differently, a dollar in 1950 bought what
$0.83 buys in 1958.
Common amounts: 1950 dollars in 1958
Amount in 1950
Value in 1958
$1.00
$1.20
$5.00
$6.00
$10.00
$11.99
$20.00
$23.98
$50.00
$59.96
$100
$120
$500
$600
$1,000
$1,199
$5,000
$5,996
$10,000
$11,992
$100,000
$119,917
$1,000,000
$1,199,170
Inflation by spending category, 1950–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1950 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1950 →
All items (CPI-U)
2.30%
$120
Medical care
3.96%
$136
Transportation
2.93%
$126
Food
2.19%
$119
Apparel
1.28%
$111
Not shown because the BLS began these indexes after 1950: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1950 to 1958: $100 is worth $120 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1950-to-1958/
APA: InflationCalculator.com. Inflation from 1950 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1950-to-1958/