Between 1955 and 1961, the Consumer Price Index went from 26.8 to 29.9.
Cumulatively, prices increased 11.6%, which works out to an average of
1.84% per year. Put differently, a dollar in 1955 bought what
$0.90 buys in 1961.
Common amounts: 1955 dollars in 1961
Amount in 1955
Value in 1961
$1.00
$1.12
$5.00
$5.58
$10.00
$11.16
$20.00
$22.31
$50.00
$55.78
$100
$112
$500
$558
$1,000
$1,116
$5,000
$5,578
$10,000
$11,157
$100,000
$111,567
$1,000,000
$1,115,672
Inflation by spending category, 1955–1961
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1955 spending costs in 1961, by category:
Category
Avg. yearly inflation
$100 in 1955 →
All items (CPI-U)
1.84%
$112
Medical care
3.90%
$126
Transportation
2.60%
$117
Food
1.50%
$109
Apparel
1.21%
$107
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 1961: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1955-to-1961/
APA: InflationCalculator.com. Inflation from 1955 to 1961. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1955-to-1961/