U.S. inflation rate in 1960: 1.72%

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

The consumer price index (CPI) in 1960 was 29.6. 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 3.78% per year. Prices in 2017 are 727.0% higher than prices in 1960.

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


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Hospital services · Educational books and supplies · Bread · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1960

Start with the inflation rate formula:

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.


News headlines from 1960

Politics and news often play an important role in economic performance.

  • 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: 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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