Between 1951 and 1958, the Consumer Price Index went from 26 to 28.9.
Cumulatively, prices increased 11.2%, which works out to an average of
1.52% per year. Put differently, a dollar in 1951 bought what
$0.90 buys in 1958.
Common amounts: 1951 dollars in 1958
Amount in 1951
Value in 1958
$1.00
$1.11
$5.00
$5.56
$10.00
$11.12
$20.00
$22.23
$50.00
$55.58
$100
$111
$500
$556
$1,000
$1,112
$5,000
$5,558
$10,000
$11,115
$100,000
$111,154
$1,000,000
$1,111,538
Inflation by spending category, 1951–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1951 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1951 →
All items (CPI-U)
1.52%
$111
Medical care
3.77%
$130
Transportation
2.48%
$119
Food
0.98%
$107
Apparel
0.23%
$102
Not shown because the BLS began these indexes after 1951: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1951 to 1958: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1951-to-1958/
APA: InflationCalculator.com. Inflation from 1951 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1951-to-1958/