# \$3 in 1955 → \$27.94 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1955-2018 (\$3)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.61% per year. Prices in 2018 are 831.3% higher than prices in 1955.

In other words, \$3 in the year 1955 is equivalent in purchasing power to \$27.94 in 2018, a difference of \$24.94 over 63 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$3 today would be equivalent to \$3.06 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 831.33% Average inflation rate 3.61% Price difference (\$3 base) \$24.94 CPI in 1955 26.8 CPI in 2018 249.554

#### Inflation rates for specific categories

Women's apparel · Juices and nonalcoholic drinks · Jewelry · More

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

### How to calculate the inflation rate for \$3 since 1955

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1955 * 1955 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26.8 in the year 1955 and 249.554 in 2018:

249.554 / 26.8 * \$3 = \$27.94

\$3 in 1955 has the same "purchasing power" as \$27.94 in 2018.

### News headlines from 1955

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

• The occupying powers grant full Sovereignty to West Germany.
• The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
• Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

### 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: “\$3 in 1955 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1955-dollars?amount=3.