Between 1953 and 1957, the Consumer Price Index went from 26.7 to 28.1.
Cumulatively, prices increased 5.2%, which works out to an average of
1.29% per year. Put differently, a dollar in 1953 bought what
$0.95 buys in 1957.
Common amounts: 1953 dollars in 1957
Amount in 1953
Value in 1957
$1.00
$1.05
$5.00
$5.26
$10.00
$10.52
$20.00
$21.05
$50.00
$52.62
$100
$105
$500
$526
$1,000
$1,052
$5,000
$5,262
$10,000
$10,524
$100,000
$105,243
$1,000,000
$1,052,434
Inflation by spending category, 1953–1957
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1953 spending costs in 1957, by category:
Category
Avg. yearly inflation
$100 in 1953 →
All items (CPI-U)
1.29%
$105
Medical care
3.30%
$114
Transportation
1.11%
$105
Apparel
0.80%
$103
Food
0.53%
$102
Not shown because the BLS began these indexes after 1953: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1953 to 1957: $100 is worth $105 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1953-to-1957/
APA: InflationCalculator.com. Inflation from 1953 to 1957. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1953-to-1957/