# \$1 in 1960 → \$8.27 in 2017

## Inflation Calculator

\$

### U.S. Inflation Rate, 1960-2017 (\$1)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.78% per year. Prices in 2017 are 727.0% higher than prices in 1960.

In other words, \$1 in the year 1960 is equivalent in purchasing power to \$8.27 in 2017, a difference of \$7.27 over 57 years.

The inflation rate in 2017 was 1.99%.

 Cumulative price change 727.00% Average inflation rate 3.78% Price difference (\$1 base) \$7.27 CPI in 1960 29.6 CPI in 2017 244.786

#### Inflation rates for specific categories

New cars · Admission to sporting events · Public transportation · More

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

### How to calculate the inflation rate for \$1, 1960 to 2017

CPI in 2017 / CPI in 1960 * 1960 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 244.786 in 2017:

244.786 / 29.6 * \$1 = \$8.27

\$1 in 1960 has the same "purchasing power" as \$8.27 in 2017.

Politics and news often influence economic performance. Here's what was happening at the time:

• Johnny Cash plays his first concert in a prison.
• The Bank of France issues new franc currency, worth 100 times the value of old francs.
• France grants independence to Cameroon (previously French Cameroon) after years of fighting.
• Guided missiles are launched for the first time from a nuclear powered submarine

### 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: “\$1 in 1960 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Mar. 2018, http://www.in2013dollars.com/1960-dollars-in-2017?amount=1.