# U.S. inflation rate in 1956: 1.49%

## Inflation Calculator

\$

### U.S. Inflation Rate, 1956-2018 (\$100)

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 consumer price index, the dollar experienced an average inflation rate of 3.64% per year. Prices in 2018 are 817.5% higher than prices in 1956.

In other words, \$100 in the year 1956 is equivalent in purchasing power to \$917.48 in 2018, a difference of \$817.48 over 62 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$100 today would be equivalent to \$101.95 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 817.48% Average inflation rate 3.64% Price difference (\$100 base) \$817.48 CPI in 1956 27.2 CPI in 2018 249.554

#### Inflation rates for specific categories

Alcoholic beverages · Fresh fruits · Airline fares · More

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

### How to calculate the inflation rate for \$100 since 1956

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1956 * 1956 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 27.2 in the year 1956 and 249.554 in 2018:

249.554 / 27.2 * \$100 = \$917.48

\$100 in 1956 has the same "purchasing power" as \$917.48 in 2018.

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

• 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.
• 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

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 1956 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2018, https://www.officialdata.org/inflation-rate-in-1956.