U.S. inflation rate in 1956: 1.49%

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U.S. Inflation Rate, 1956-2017 ($1)

The consumer price index (CPI) in 1956 was 27.2. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.67% per year. Prices in 2017 are 800.0% higher than prices in 1956.

In other words, $1 in the year 1956 is equivalent to $9.00 in 2017, a difference of $8.00 over 61 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1956 to 2017
Cumulative price change 800.00%
Average inflation rate 3.67%
Price difference ($1 base) $8.00
CPI in 1956 27.2
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Gasoline (all types) · Bread · Financial services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1956

Start with the inflation rate formula:

CPI in 2017 / CPI in 1956 * 1956 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 27.2 in the year 1956 and 244.786 in 2017:

244.786 / 27.2 * $1 = $9.00

$1 in 1956 has the same "purchasing power" as $9.00 in 2017.


News headlines from 1956

Politics and news often play an important role in economic performance.

  • Nikita Khrushchev criticises Stalin at 20th Soviet Party Conference.
  • Morocco declares independence from France, tearing up the Treaty of Fez.
  • IBM introduces the first computer with a hard drive, RAMAC 305, which weighs over one ton.
  • 1957 Great Britain grants the Federation of Malaya independence
  • President Eisenhower orders the desegregation of Little Rock schools
  • Shippingport Atomic Power Station in Pennsylvania, becomes the world's first nuclear power station to generate electricity.

Inflation Data Source: 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.


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