U.S. inflation · 1956–1957
$100 in 1956 has the same buying power as
$103
in 1957
| Cumulative price change | 3.3% |
|---|---|
| Average inflation rate | 3.31% per year |
| Converted amount ($100 base) | $103 |
| Price difference ($100 base) | $3.31 |
| CPI in 1956 | 27.2 |
| CPI in 1957 | 28.1 |
| Inflation in 1956 | 1.49% |
| Inflation in 1957 | 3.31% |
| $100 in 1956 → 1957 | $103 |
| $100 in 1957 → 1956 | $96.80 |
Between 1956 and 1957, the Consumer Price Index went from 27.2 to 28.1. Cumulatively, prices increased 3.3%, which works out to an average of 3.31% per year. Put differently, a dollar in 1956 bought what $0.97 buys in 1957.
| Amount in 1956 | Value in 1957 |
|---|---|
| $1.00 | $1.03 |
| $5.00 | $5.17 |
| $10.00 | $10.33 |
| $20.00 | $20.66 |
| $50.00 | $51.65 |
| $100 | $103 |
| $500 | $517 |
| $1,000 | $1,033 |
| $5,000 | $5,165 |
| $10,000 | $10,331 |
| $100,000 | $103,309 |
| $1,000,000 | $1,033,088 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1956 spending costs in 1957, by category:
| Category | Avg. yearly inflation | $100 in 1956 → |
|---|---|---|
| All items (CPI-U) | 3.31% | $103 |
| Transportation | 5.73% | $106 |
| Medical care | 4.23% | $104 |
| Food | 3.21% | $103 |
| Apparel | 1.83% | $102 |
Not shown because the BLS began these indexes after 1956: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1956 |
|---|---|---|---|
| 1956 | 27.2 | 1.5% | $100 |
| 1957 | 28.1 | 3.3% | $103 |
MLA: “Inflation from 1956 to 1957: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1956-to-1957/
APA: InflationCalculator.com. Inflation from 1956 to 1957. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1956-to-1957/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.