Between 1958 and 1978, the Consumer Price Index went from 28.9 to 65.2.
Cumulatively, prices increased 125.6%, which works out to an average of
4.15% per year. Put differently, a dollar in 1958 bought what
$0.44 buys in 1978.
Common amounts: 1958 dollars in 1978
Amount in 1958
Value in 1978
$1.00
$2.26
$5.00
$11.28
$10.00
$22.56
$20.00
$45.12
$50.00
$113
$100
$226
$500
$1,128
$1,000
$2,256
$5,000
$11,280
$10,000
$22,561
$100,000
$225,606
$1,000,000
$2,256,055
Inflation by spending category, 1958–1978
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 1978, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
4.15%
$226
Medical care
5.65%
$300
Energy
4.56%
$244
Food
4.44%
$238
Core (all items less food & energy)
4.05%
$221
Transportation
3.92%
$216
Apparel
3.05%
$183
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1958 to 1978: $100 is worth $226 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-1978/
APA: InflationCalculator.com. Inflation from 1958 to 1978. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-1978/