1.11× price rise
Average US inflation: 1.79% a year over 6 years. Prices did not double in this span. Highest year: 1957 (3.4%). Lowest: 1959 (0.9%).
| 1956 | in 1962 | 1962 amount in 1956 money |
|---|---|---|
| $1 | $1.11 | $0.90 |
| $10 | $11.13 | $8.99 |
| $100 | $111.26 | $89.88 |
| $1,000 | $1,112.63 | $898.77 |
| $10,000 | $11,126.30 | $8,987.71 |
| $100,000 | $111,262.99 | $89,877.15 |
| Year | Value | Inflation |
|---|---|---|
| 1956 | $100.00 | |
| 1957 | $103.39 | 3.4% |
| 1958 | $106.22 | 2.7% |
| 1959 | $107.21 | 0.9% |
| 1960 | $108.81 | 1.5% |
| 1961 | $109.97 | 1.1% |
| 1962 | $111.26 | 1.2% |
1956–1961 · 1956–1963 · All years
$100 in 1956 had about the same buying power as $111.26 in 1962, based on US consumer price index data.
About 1.79% per year, compounding to a 11.3% total rise in prices over 6 years.
1957 saw the largest annual rise in the index (3.4%); the lowest was 1959 (0.9%).