$30 in 1955 → $277.46 in 2018

Inflation Calculator

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U.S. Inflation Rate, 1955-2018 ($30)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.59% per year. Prices in 2018 are 824.9% higher than prices in 1955.

In other words, $30 in the year 1955 is equivalent in purchasing power to $277.46 in 2018, a difference of $247.46 over 63 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, $30 today will be equivalent to $30.38 next year.

Inflation from 1955 to 2018
Cumulative price change 824.87%
Average inflation rate 3.59%
Price difference ($30 base) $247.46
CPI in 1955 26.8
CPI in 2018 247.867


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Housing · Fresh fruits · Rent of primary residence · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $30 since 1955

Start with the inflation rate formula:

CPI in 2018 / CPI in 1955 * 1955 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26.8 in the year 1955 and 247.867 in 2018:

247.867 / 26.8 * $30 = $277.46

$30 in 1955 has the same "purchasing power" as $277.46 in 2018.


News headlines from 1955

Politics and news often influence economic performance. Here's what was happening at the time:

  • The occupying powers grant full Sovereignty to West Germany.
  • The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
  • Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$30 in 1955 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1955-dollars?amount=30.


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