U.S. inflation · 1956–1962
$100 in 1956 has the same buying power as
$111
in 1962
| Cumulative price change | 11.0% |
|---|---|
| Average inflation rate | 1.76% per year |
| Converted amount ($100 base) | $111 |
| Price difference ($100 base) | $11.03 |
| CPI in 1956 | 27.2 |
| CPI in 1962 | 30.2 |
| Inflation in 1956 | 1.49% |
| Inflation in 1962 | 1.00% |
| $100 in 1956 → 1962 | $111 |
| $100 in 1962 → 1956 | $90.07 |
Between 1956 and 1962, the Consumer Price Index went from 27.2 to 30.2. Cumulatively, prices increased 11.0%, which works out to an average of 1.76% per year. Put differently, a dollar in 1956 bought what $0.90 buys in 1962.
| Amount in 1956 | Value in 1962 |
|---|---|
| $1.00 | $1.11 |
| $5.00 | $5.55 |
| $10.00 | $11.10 |
| $20.00 | $22.21 |
| $50.00 | $55.51 |
| $100 | $111 |
| $500 | $555 |
| $1,000 | $1,110 |
| $5,000 | $5,551 |
| $10,000 | $11,103 |
| $100,000 | $111,029 |
| $1,000,000 | $1,110,294 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1956 spending costs in 1962, by category:
| Category | Avg. yearly inflation | $100 in 1956 → |
|---|---|---|
| All items (CPI-U) | 1.76% | $111 |
| Medical care | 3.70% | $124 |
| Transportation | 2.73% | $118 |
| Food | 1.49% | $109 |
| Apparel | 0.97% | $106 |
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 |
| 1958 | 28.9 | 2.8% | $106 |
| 1959 | 29.1 | 0.7% | $107 |
| 1960 | 29.6 | 1.7% | $109 |
| 1961 | 29.9 | 1.0% | $110 |
| 1962 | 30.2 | 1.0% | $111 |
MLA: “Inflation from 1956 to 1962: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1956-to-1962/
APA: InflationCalculator.com. Inflation from 1956 to 1962. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1956-to-1962/
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.