Between 1955 and 1996, the Consumer Price Index went from 26.8 to 156.9.
Cumulatively, prices increased 485.4%, which works out to an average of
4.40% per year. Put differently, a dollar in 1955 bought what
$0.17 buys in 1996.
Common amounts: 1955 dollars in 1996
Amount in 1955
Value in 1996
$1.00
$5.85
$5.00
$29.27
$10.00
$58.54
$20.00
$117
$50.00
$293
$100
$585
$500
$2,927
$1,000
$5,854
$5,000
$29,272
$10,000
$58,545
$100,000
$585,448
$1,000,000
$5,854,478
Inflation by spending category, 1955–1996
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1955 spending costs in 1996, by category:
Category
Avg. yearly inflation
$100 in 1955 →
All items (CPI-U)
4.40%
$585
Medical care
6.36%
$1,254
Transportation
4.27%
$554
Food
4.25%
$551
Apparel
2.77%
$307
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–).
Long periods are sampled every 2 years; the calculator above covers any pair of years.
Cite this page
MLA: “Inflation from 1955 to 1996: $100 is worth $585 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1955-to-1996/
APA: InflationCalculator.com. Inflation from 1955 to 1996. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1955-to-1996/