Between 1958 and 1979, the Consumer Price Index went from 28.9 to 72.6.
Cumulatively, prices increased 151.2%, which works out to an average of
4.48% per year. Put differently, a dollar in 1958 bought what
$0.40 buys in 1979.
Common amounts: 1958 dollars in 1979
Amount in 1958
Value in 1979
$1.00
$2.51
$5.00
$12.56
$10.00
$25.12
$20.00
$50.24
$50.00
$126
$100
$251
$500
$1,256
$1,000
$2,512
$5,000
$12,561
$10,000
$25,121
$100,000
$251,211
$1,000,000
$2,512,111
Inflation by spending category, 1958–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
4.48%
$251
Medical care
5.81%
$328
Energy
5.46%
$306
Food
4.74%
$265
Transportation
4.39%
$247
Core (all items less food & energy)
4.32%
$243
Apparel
3.11%
$190
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1958 to 1979: $100 is worth $251 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-1979/
APA: InflationCalculator.com. Inflation from 1958 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-1979/