Purchasing power decreased by 13.64% in 1660 compared to the previous year, 1659. On average, you would have to spend 13.64% more money in 1660 than in 1659 for the same item.
In other words, $1 in 1659 is equivalent in purchasing power to $1.14 in 1660.
The 1659 inflation rate was 12.82%. The inflation rate in 1660 was 13.64%. The 1660 inflation rate is higher compared to the average inflation rate of 1.10% per year between 1660 and 2018.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1660 was 5. It was 4.4 in the previous year, 1659. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.
|Average inflation rate||13.64%|
|Converted amount ($1 base)||$1.14|
|Price difference ($1 base)||$0.14|
|CPI in 1659||4.400|
|CPI in 1660||5.000|
|Inflation in 1659||12.82%|
|Inflation in 1660||13.64%|
CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1659 and 1660.
Compare these values to the overall average of 13.64% per year:
|Category||Avg Inflation (%)||Total Inflation (%)||$1 in 1659 → 1660|
|Used cars and trucks||0.00||0.00||1.00|
|Medical care services||0.00||0.00||1.00|
|Medical care commodities||0.00||0.00||1.00|
It's important to note that not all categories may be tracked since 1659. This table and visualization use the earliest available data for each category.
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The U.S. CPI was 4.4 in the year 1659 and 5 in 1660:
$1 in 1659 has the same "purchasing power" or "buying power" as $1.14 in 1660.
To get the total inflation rate for the 1 years between 1659 and 1660, we use the following formula:
Plugging in the values to this equation, we get:
Raw data for these calculations comes from 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.
You may use the following MLA citation for this page: “Inflation Rate in 1660 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1660.
in2013dollars.com is a reference website maintained by the Official Data Foundation.