Between 1958 and 2008, the Consumer Price Index went from 28.9 to 215.303.
Cumulatively, prices increased 645.0%, which works out to an average of
4.10% per year. Put differently, a dollar in 1958 bought what
$0.13 buys in 2008.
Common amounts: 1958 dollars in 2008
Amount in 1958
Value in 2008
$1.00
$7.45
$5.00
$37.25
$10.00
$74.50
$20.00
$149
$50.00
$372
$100
$745
$500
$3,725
$1,000
$7,450
$5,000
$37,250
$10,000
$74,499
$100,000
$744,993
$1,000,000
$7,449,931
Inflation by spending category, 1958–2008
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1958 spending costs in 2008, by category:
Category
Avg. yearly inflation
$100 in 1958 →
All items (CPI-U)
4.10%
$745
Medical care
5.91%
$1,767
Energy
4.91%
$1,101
Core (all items less food & energy)
4.05%
$728
Food
3.99%
$709
Transportation
3.92%
$684
Apparel
1.98%
$267
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
Long periods are sampled every 2 years; the calculator above covers any pair of years.
Cite this page
MLA: “Inflation from 1958 to 2008: $100 is worth $745 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-2008/
APA: InflationCalculator.com. Inflation from 1958 to 2008. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-2008/