Chicago, Illinois prices: $100 in 1957 $103.03 in 1958

Inflation in Illinois

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Prices in Chicago, 1957-1958 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois were 3.03% higher in 1958 versus 1957 (a $3.03 difference in value).

Between 1957 and 1958: Chicago experienced an average inflation rate of 3.03% per year. This rate of change indicates significant inflation. In other words, $100 in Chicago in the year 1957 would cost $103.03 in 1958 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation in Chicago was higher.

In the year 1957: Pricing changed by 3.25%, which is above the average yearly change in Chicago during the 1957-1958 time period. Compared to inflation for all items in 1957 (3.34%), inflation in Chicago was lower.

Price Inflation in Chicago, Illinois since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.36%), 1920 (19.10%), and 1918 (16.80%).

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Buying power of $100.00 since 1957

Below are calculations of equivalent buying power in Chicago, over time, for $100 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1957$100.003.25%
1958$103.033.03%
1959$103.870.81%
1960$105.321.39%
1961$105.840.49%
1962$106.941.04%
1963$108.011.00%
1964$108.440.40%
1965$109.881.33%
1966$113.183.00%
1967$116.132.60%
1968$121.044.23%
1969$127.665.47%
1970$134.975.73%
1971$140.293.94%
1972$144.282.84%
1973$153.326.27%
1974$169.5410.57%
1975$182.927.89%
1976$191.684.79%
1977$203.736.29%
1978$221.458.70%
1979$249.0812.48%
1980$285.0014.42%
1981$312.289.57%
1982$333.586.82%
1983$346.883.99%
1984$359.973.77%
1985$373.553.77%
1986$381.362.09%
1987$397.084.12%
1988$412.603.91%
1989$433.475.06%
1990$456.765.37%
1991$475.294.06%
1992$489.222.93%
1993$504.313.08%
1994$515.352.19%
1995$531.733.18%
1996$545.952.67%
1997$560.902.74%
1998$572.202.01%
1999$584.052.07%
2000$602.803.21%
2001$618.502.60%
2002$628.351.59%
2003$639.911.84%
2004$654.222.24%
2005$674.023.03%
2006$687.832.05%
2007$710.353.27%
2008$737.123.77%
2009$728.31-1.20%
2010$738.281.37%
2011$758.442.73%
2012$769.961.52%
2013$778.771.14%
2014$792.371.75%
2015$790.03-0.30%
2016$795.270.66%
2017$810.211.88%
2018$824.411.75%
2019$836.461.46%
2020$845.801.12%
2021$881.484.22%
2022$948.067.55%
2023$979.593.33%
2024$994.361.51%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI10.00010.01710.31711.75813.73316.66719.85018.17517.16717.37517.71718.10818.42518.25817.69217.65017.45815.95814.08312.63312.71713.26713.53314.09213.99213.71713.79214.51715.95816.85017.10817.47519.03322.10824.03324.00824.25026.15826.72526.95827.35827.54227.92528.83329.70829.95030.36730.51730.83331.14231.26731.68332.63333.48334.90036.80838.91740.45041.60044.20848.88352.74255.26758.74263.85071.81782.17590.04296.183100.017103.792107.708109.958114.492118.967124.983131.700137.042141.058145.408148.592153.317157.417161.725164.983168.400173.808178.333181.175184.508188.633194.342198.325204.818212.536209.995212.870218.684222.005224.545228.468227.792229.302233.611237.706241.181243.873254.159273.356282.450286.708

Adjust Chicago prices for inflation

Start with the inflation rate formula:

CPI in 1958 / CPI in 1957 * 1957 USD value = 1958 USD value

Then plug in historical CPI values from above. The CPI for Chicago, Illinois was 28.833 in the year 1957 and 29.708 in 1958:

29.708 / 28.833 * $100 = $103.03

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1957 has the same "purchasing power" as $103.03 in 1958 (in the CPI category of Chicago, Illinois).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Chicago, Illinois in 1914. In addition to Chicago, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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