U.S. inflation · 1958–2023
$100 in 1958 has the same buying power as
$1,054
in 2023
| Cumulative price change | 954.3% |
|---|---|
| Average inflation rate | 3.69% per year |
| Converted amount ($100 base) | $1,054 |
| Price difference ($100 base) | $954 |
| CPI in 1958 | 28.9 |
| CPI in 2023 | 304.702 |
| Inflation in 1958 | 2.85% |
| Inflation in 2023 | 4.12% |
| $100 in 1958 → 2023 | $1,054 |
| $100 in 2023 → 1958 | $9.48 |
Between 1958 and 2023, the Consumer Price Index went from 28.9 to 304.702. Cumulatively, prices increased 954.3%, which works out to an average of 3.69% per year. Put differently, a dollar in 1958 bought what $0.09 buys in 2023.
| Amount in 1958 | Value in 2023 |
|---|---|
| $1.00 | $10.54 |
| $5.00 | $52.72 |
| $10.00 | $105 |
| $20.00 | $211 |
| $50.00 | $527 |
| $100 | $1,054 |
| $500 | $5,272 |
| $1,000 | $10,543 |
| $5,000 | $52,717 |
| $10,000 | $105,433 |
| $100,000 | $1,054,332 |
| $1,000,000 | $10,543,322 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1958 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1958 → |
|---|---|---|
| All items (CPI-U) | 3.69% | $1,054 |
| Medical care | 5.18% | $2,665 |
| Energy | 4.05% | $1,318 |
| Food | 3.71% | $1,069 |
| Core (all items less food & energy) | 3.67% | $1,042 |
| Transportation | 3.50% | $933 |
| Apparel | 1.67% | $293 |
Not shown because the BLS began these indexes after 1958: housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1958 |
|---|---|---|---|
| 1958 | 28.9 | 2.8% | $100 |
| 1963 | 30.6 | 1.3% | $106 |
| 1968 | 34.8 | 4.2% | $120 |
| 1973 | 44.4 | 6.2% | $154 |
| 1978 | 65.2 | 7.6% | $226 |
| 1983 | 99.6 | 3.2% | $345 |
| 1988 | 118.3 | 4.1% | $409 |
| 1993 | 144.5 | 3.0% | $500 |
| 1998 | 163 | 1.6% | $564 |
| 2003 | 184 | 2.3% | $637 |
| 2008 | 215.303 | 3.8% | $745 |
| 2013 | 232.957 | 1.5% | $806 |
| 2018 | 251.107 | 2.4% | $869 |
| 2023 | 304.702 | 4.1% | $1,054 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1958 to 2023: $100 is worth $1,054 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1958-to-2023/
APA: InflationCalculator.com. Inflation from 1958 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1958-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.