$600 in 1950 → $5,975.28 in 2016

The U.S. dollar experienced an average inflation rate of 3.54% per year between 1950 and 2016. $600 in the year 1950 is worth $5,975.28 in 2016.

The inflation rate in 2016 was 1.26%.


U.S. inflation from 1913 to 2017


How to calculate inflation between 1950 and 2016

Start with the CPI inflation formula:

CPI in 2016 / CPI in 1950 * 1950 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 24.1 in the year 1950 and 240.007 in 2016:

240.007 / 24.1 * $600 = $5,975.28

The "purchasing power" of $600 from 1950 is $5,975.28 in 2016.


Source: The Bureau of Labor Statistics' annual (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.


» Read more about inflation.