$544 in 1959 → $4,486.73 in 2016

Inflation Calculator

$

U.S. Inflation Rate, 1959-2016 ($544)

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.77% per year. Prices in 2016 are 724.8% higher than prices in 1959.

In other words, $544 in the year 1959 is equivalent to $4,486.73 in 2016, a difference of $3,942.73 over 57 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1959 to 2016
Cumulative price change 724.77%
Average inflation rate 3.77%
Price difference ($544 base) $3,942.73
CPI in 1959 29.1
CPI in 2016 240.007


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Jewelry · Medical care · College tuition and fees · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $544, 1959 to 2016

Start with the inflation rate formula:

CPI in 2016 / CPI in 1959 * 1959 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 29.1 in the year 1959 and 240.007 in 2016:

240.007 / 29.1 * $544 = $4,486.73

$544 in 1959 has the same "purchasing power" as $4,486.73 in 2016.


News headlines from 1959

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

  • Luna I is the first aircraft to leave the Earth's gravity.
  • Fidel Castro becomes the 16th Prime Minister of Cuba after overthrowing Batista.
  • The Dalai Lama flees China after India grants him political asylum.

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.


» Read more about inflation.