Between 1956 and 2005, the Consumer Price Index went from 27.2 to 195.3.
Cumulatively, prices increased 618.0%, which works out to an average of
4.11% per year. Put differently, a dollar in 1956 bought what
$0.14 buys in 2005.
Common amounts: 1956 dollars in 2005
Amount in 1956
Value in 2005
$1.00
$7.18
$5.00
$35.90
$10.00
$71.80
$20.00
$144
$50.00
$359
$100
$718
$500
$3,590
$1,000
$7,180
$5,000
$35,901
$10,000
$71,801
$100,000
$718,015
$1,000,000
$7,180,147
Inflation by spending category, 1956–2005
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1956 spending costs in 2005, by category:
Category
Avg. yearly inflation
$100 in 1956 →
All items (CPI-U)
4.11%
$718
Medical care
5.97%
$1,710
Food
3.99%
$681
Transportation
3.94%
$664
Apparel
2.07%
$273
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–).
Long periods are sampled every 2 years; the calculator above covers any pair of years.
Cite this page
MLA: “Inflation from 1956 to 2005: $100 is worth $718 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1956-to-2005/
APA: InflationCalculator.com. Inflation from 1956 to 2005. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1956-to-2005/