Between 1957 and 1958, the Consumer Price Index went from 28.1 to 28.9.
Cumulatively, prices increased 2.8%, which works out to an average of
2.85% per year. Put differently, a dollar in 1957 bought what
$0.97 buys in 1958.
Common amounts: 1957 dollars in 1958
Amount in 1957
Value in 1958
$1.00
$1.03
$5.00
$5.14
$10.00
$10.28
$20.00
$20.57
$50.00
$51.42
$100
$103
$500
$514
$1,000
$1,028
$5,000
$5,142
$10,000
$10,285
$100,000
$102,847
$1,000,000
$1,028,470
Inflation by spending category, 1957–1958
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1957 spending costs in 1958, by category:
Category
Avg. yearly inflation
$100 in 1957 →
All items (CPI-U)
2.85%
$103
Medical care
4.57%
$105
Food
4.50%
$104
Transportation
3.25%
$103
Core (all items less food & energy)
2.42%
$102
Apparel
0.22%
$100
Energy
0.00%
$100
Not shown because the BLS began these indexes after 1957: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1957 to 1958: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1957-to-1958/
APA: InflationCalculator.com. Inflation from 1957 to 1958. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1957-to-1958/