The consumer price index (CPI) in 1957 was 28.1. 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 771.0% higher than prices in 1957.
In other words, $1 in the year 1957 is equivalent to $8.71 in 2017, a difference of $7.71 over 60 years.
|Cumulative price change||771.00%|
|Average inflation rate||3.67%|
|Price difference ($1 base)||$7.71|
|CPI in 1957||28.1|
|CPI in 2017||244.786|
Inflation Data Source: The Bureau of Labor Statistics' Consumer Price Index (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.