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%.
|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|
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' Consumer Price Index (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.