U.S. inflation rate in 1958: 2.85%

Inflation Calculator


U.S. Inflation Rate, 1958-2018 ($1)

The consumer price index (CPI) in 1958 was 28.9. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.66% per year. Prices in 2018 are 762.0% higher than prices in 1958.

In other words, $1 in the year 1958 is equivalent in purchasing power to $8.62 in 2018, a difference of $7.62 over 60 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1958 to 2018
Cumulative price change 762.00%
Average inflation rate 3.66%
Price difference ($1 base) $7.62
CPI in 1958 28.9
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Fish and seafood · Bread · Indoor plants and flowers · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1958

Start with the inflation rate formula:

CPI in 2018 / CPI in 1958 * 1958 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 28.9 in the year 1958 and 248.991 in 2018:

248.991 / 28.9 * $1 = $8.62

$1 in 1958 has the same "purchasing power" as $8.62 in 2018.

News headlines from 1958

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

  • The European Economic Community is founded.
  • Nikita Khrushchev is named First Secretary of the Communist Party and Soviet Premier.
  • The "Great leap forward" movement in China is started by Mao Zedong.
  • Fulgencio Batista, the Cuban dictator, announces to his Cabinet that he is fleeing the country.

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: “Inflation Rate in 1958 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Mar. 2018, http://www.in2013dollars.com/inflation-rate-in-1958.

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