U.S. inflation rate in 1958: 2.85%

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U.S. Inflation Rate, 1958-2017 ($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, the dollar experienced an average inflation rate of 3.69% per year. Prices in 2017 are 747.0% higher than prices in 1958.

In other words, $1 in the year 1958 is equivalent to $8.47 in 2017, a difference of $7.47 over 59 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 1958 to 2017
Cumulative price change 747.00%
Average inflation rate 3.69%
Price difference ($1 base) $7.47
CPI in 1958 28.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Dental services · Airline fares · New cars · 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 2017 / CPI in 1958 * 1958 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 28.9 in the year 1958 and 244.786 in 2017:

244.786 / 28.9 * $1 = $8.47

$1 in 1958 has the same "purchasing power" as $8.47 in 2017.


News headlines from 1958

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

  • 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: 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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