U.S. inflation rate in 1959: 0.69%

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U.S. Inflation Rate, 1959-2017 ($1)

The consumer price index (CPI) in 1959 was 29.1. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.74% per year. Prices in 2017 are 741.0% higher than prices in 1959.

In other words, $1 in the year 1959 is equivalent to $8.41 in 2017, a difference of $7.41 over 58 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1959 to 2017
Cumulative price change 741.00%
Average inflation rate 3.74%
Price difference ($1 base) $7.41
CPI in 1959 29.1
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Fish and seafood · Wine at home · New trucks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1959

Start with the inflation rate formula:

CPI in 2017 / CPI in 1959 * 1959 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 29.1 in the year 1959 and 244.786 in 2017:

244.786 / 29.1 * $1 = $8.41

The "purchasing power" of $1 from 1959 is $8.41 in 2017.


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.


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