U.S. inflation · 1956–2023
$100 in 1956 has the same buying power as
$1,120
in 2023
| Cumulative price change | 1020.2% |
|---|---|
| Average inflation rate | 3.67% per year |
| Converted amount ($100 base) | $1,120 |
| Price difference ($100 base) | $1,020 |
| CPI in 1956 | 27.2 |
| CPI in 2023 | 304.702 |
| Inflation in 1956 | 1.49% |
| Inflation in 2023 | 4.12% |
| $100 in 1956 → 2023 | $1,120 |
| $100 in 2023 → 1956 | $8.93 |
Between 1956 and 2023, the Consumer Price Index went from 27.2 to 304.702. Cumulatively, prices increased 1020.2%, which works out to an average of 3.67% per year. Put differently, a dollar in 1956 bought what $0.09 buys in 2023.
| Amount in 1956 | Value in 2023 |
|---|---|
| $1.00 | $11.20 |
| $5.00 | $56.01 |
| $10.00 | $112 |
| $20.00 | $224 |
| $50.00 | $560 |
| $100 | $1,120 |
| $500 | $5,601 |
| $1,000 | $11,202 |
| $5,000 | $56,011 |
| $10,000 | $112,023 |
| $100,000 | $1,120,228 |
| $1,000,000 | $11,202,279 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1956 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1956 → |
|---|---|---|
| All items (CPI-U) | 3.67% | $1,120 |
| Medical care | 5.16% | $2,905 |
| Food | 3.72% | $1,153 |
| Transportation | 3.53% | $1,019 |
| Apparel | 1.65% | $299 |
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 |
| 1961 | 29.9 | 1.0% | $110 |
| 1966 | 32.4 | 2.9% | $119 |
| 1971 | 40.5 | 4.4% | $149 |
| 1976 | 56.9 | 5.8% | $209 |
| 1981 | 90.9 | 10.3% | $334 |
| 1986 | 109.6 | 1.9% | $403 |
| 1991 | 136.2 | 4.2% | $501 |
| 1996 | 156.9 | 3.0% | $577 |
| 2001 | 177.1 | 2.8% | $651 |
| 2006 | 201.6 | 3.2% | $741 |
| 2011 | 224.939 | 3.2% | $827 |
| 2016 | 240.007 | 1.3% | $882 |
| 2021 | 270.97 | 4.7% | $996 |
| 2023 | 304.702 | 4.1% | $1,120 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1956 to 2023: $100 is worth $1,120 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1956-to-2023/
APA: InflationCalculator.com. Inflation from 1956 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1956-to-2023/
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.