U.S. inflation rate in 1961: 1.01%

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U.S. Inflation Rate, 1961-2017 ($1)

The consumer price index (CPI) in 1961 was 29.9. 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 3.83% per year. Prices in 2017 are 719.0% higher than prices in 1961.

In other words, $1 in the year 1961 is equivalent to $8.19 in 2017, a difference of $7.19 over 56 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 1961 to 2017
Cumulative price change 719.00%
Average inflation rate 3.83%
Price difference ($1 base) $7.19
CPI in 1961 29.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New cars · Medical care · Juices and nonalcoholic drinks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1961

Start with the inflation rate formula:

CPI in 2017 / CPI in 1961 * 1961 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 29.9 in the year 1961 and 244.786 in 2017:

244.786 / 29.9 * $1 = $8.19

The "purchasing power" of $1 from 1961 is $8.19 in 2017.


News headlines from 1961

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

  • A dog named Chernushka, some frogs and a Guinea pig travel orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.
  • Hawaii becomes the 50th state of the United States of America.

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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