Between 1954 and 1958, the Consumer Price Index went from 26.9 to 28.9.
Cumulatively, prices increased 7.4%, which works out to an average of
1.81% per year. Put differently, a dollar in 1954 bought what
$0.93 buys in 1958.
Common amounts: 1954 dollars in 1958
Amount in 1954
Value in 1958
$1.00
$1.07
$5.00
$5.37
$10.00
$10.74
$20.00
$21.49
$50.00
$53.72
$100
$107
$500
$537
$1,000
$1,074
$5,000
$5,372
$10,000
$10,743
$100,000
$107,435
$1,000,000
$1,074,349
Inflation by spending category, 1954–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1954 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1954 →
All items (CPI-U)
1.81%
$107
Medical care
3.72%
$116
Transportation
2.31%
$110
Food
1.73%
$107
Apparel
0.86%
$103
Not shown because the BLS began these indexes after 1954: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1954 to 1958: $100 is worth $107 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1954-to-1958/
APA: InflationCalculator.com. Inflation from 1954 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1954-to-1958/