U.S. inflation · 1956–1963
$100 in 1956 has the same buying power as
$113
in 1963
| Cumulative price change | 12.5% |
|---|---|
| Average inflation rate | 1.70% per year |
| Converted amount ($100 base) | $113 |
| Price difference ($100 base) | $12.50 |
| CPI in 1956 | 27.2 |
| CPI in 1963 | 30.6 |
| Inflation in 1956 | 1.49% |
| Inflation in 1963 | 1.32% |
| $100 in 1956 → 1963 | $113 |
| $100 in 1963 → 1956 | $88.89 |
Between 1956 and 1963, the Consumer Price Index went from 27.2 to 30.6. Cumulatively, prices increased 12.5%, which works out to an average of 1.70% per year. Put differently, a dollar in 1956 bought what $0.89 buys in 1963.
| Amount in 1956 | Value in 1963 |
|---|---|
| $1.00 | $1.13 |
| $5.00 | $5.63 |
| $10.00 | $11.25 |
| $20.00 | $22.50 |
| $50.00 | $56.25 |
| $100 | $113 |
| $500 | $563 |
| $1,000 | $1,125 |
| $5,000 | $5,625 |
| $10,000 | $11,250 |
| $100,000 | $112,500 |
| $1,000,000 | $1,125,000 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1956 spending costs in 1963, by category:
| Category | Avg. yearly inflation | $100 in 1956 → |
|---|---|---|
| All items (CPI-U) | 1.70% | $113 |
| Medical care | 3.53% | $128 |
| Transportation | 2.39% | $118 |
| Food | 1.51% | $111 |
| Apparel | 1.01% | $107 |
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 |
| 1963 | 30.6 | 1.3% | $113 |
MLA: “Inflation from 1956 to 1963: $100 is worth $113 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1956-to-1963/
APA: InflationCalculator.com. Inflation from 1956 to 1963. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1956-to-1963/
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.