Between 1958 and 1966, the Consumer Price Index went from 28.9 to 32.4.
Cumulatively, prices increased 12.1%, which works out to an average of
1.44% per year. Put differently, a dollar in 1958 bought what
$0.89 buys in 1966.
Common amounts: 1958 dollars in 1966
Amount in 1958
Value in 1966
$1.00
$1.12
$5.00
$5.61
$10.00
$11.21
$20.00
$22.42
$50.00
$56.06
$100
$112
$500
$561
$1,000
$1,121
$5,000
$5,606
$10,000
$11,211
$100,000
$112,111
$1,000,000
$1,121,107
Inflation by spending category, 1958–1966
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 1966, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
1.44%
$112
Medical care
3.10%
$128
Core (all items less food & energy)
1.56%
$113
Transportation
1.53%
$113
Food
1.42%
$112
Apparel
1.18%
$110
Energy
1.01%
$108
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1958 to 1966: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-1966/
APA: InflationCalculator.com. Inflation from 1958 to 1966. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-1966/