Between 1958 and 1959, the Consumer Price Index went from 28.9 to 29.1.
Cumulatively, prices increased 0.7%, which works out to an average of
0.69% per year. Put differently, a dollar in 1958 bought what
$0.99 buys in 1959.
Common amounts: 1958 dollars in 1959
Amount in 1958
Value in 1959
$1.00
$1.01
$5.00
$5.03
$10.00
$10.07
$20.00
$20.14
$50.00
$50.35
$100
$101
$500
$503
$1,000
$1,007
$5,000
$5,035
$10,000
$10,069
$100,000
$100,692
$1,000,000
$1,006,920
Inflation by spending category, 1958–1959
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 1959, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
0.69%
$101
Medical care
4.37%
$104
Transportation
4.20%
$104
Core (all items less food & energy)
2.03%
$102
Energy
1.86%
$102
Apparel
0.90%
$101
Food
-1.66%
$98.34
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1958 to 1959: $100 is worth $101 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-1959/
APA: InflationCalculator.com. Inflation from 1958 to 1959. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-1959/