# \$544 in 1959 → \$4,486.73 in 2016

## Inflation Calculator

\$

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

According to the Bureau of Labor Statistics consumer price index, 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 in purchasing power to \$4,486.73 in 2016, a difference of \$3,942.73 over 57 years.

The inflation rate in 2016 was 1.26%.

 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

#### Inflation rates for specific categories

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

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

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 influence economic performance. Here's what was happening at the time:

• Hawaii becomes the 50th state of the United States of America.
• Luna I is the first spacecraft 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

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: “\$544 in 1959 → 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1959-dollars-in-2016?amount=544.