Between 1955 and 1958, the Consumer Price Index went from 26.8 to 28.9.
Cumulatively, prices increased 7.8%, which works out to an average of
2.55% per year. Put differently, a dollar in 1955 bought what
$0.93 buys in 1958.
Common amounts: 1955 dollars in 1958
Amount in 1955
Value in 1958
$1.00
$1.08
$5.00
$5.39
$10.00
$10.78
$20.00
$21.57
$50.00
$53.92
$100
$108
$500
$539
$1,000
$1,078
$5,000
$5,392
$10,000
$10,784
$100,000
$107,836
$1,000,000
$1,078,358
Inflation by spending category, 1955–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1955 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1955 →
All items (CPI-U)
2.55%
$108
Medical care
4.22%
$113
Transportation
3.49%
$111
Food
2.80%
$109
Apparel
1.30%
$104
Not shown because the BLS began these indexes after 1955: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1955 to 1958: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1955-to-1958/
APA: InflationCalculator.com. Inflation from 1955 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1955-to-1958/