\$1 in 1957 is worth \$0.95 in 1957

\$

Value of \$1 from 1960 to 1957

According to the Bureau of Labor Statistics consumer price index, prices in 1957 are 5.07% lower than average prices since 1960. The U.S. dollar experienced an average inflation rate of 1.75% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1960 is equivalent in purchasing power to about \$0.95 in 1957, a difference of \$-0.05 over 3 years.

The 1957 inflation rate was 3.31%. The inflation rate in 1960 was 1.72%. The 1960 inflation rate is lower compared to the average inflation rate of 3.66% per year between 1960 and 2020.

 Cumulative price change -5.07% Average inflation rate 1.75% Converted amount (\$1 base) \$0.95 Price difference (\$1 base) \$-0.05 CPI in 1960 29.600 CPI in 1957 28.100 Inflation in 1957 3.31% Inflation in 1960 1.72%

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI

Buying power of \$1 in 1957

This chart shows a calculation of buying power equivalence for \$1 in 1957 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.95 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.95 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1957 dollars, the chart below shows how \$1 is worth less over 3 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1957-1960
Year Dollar Value Inflation Rate
1957 \$1.00 3.31%
1958 \$1.03 2.85%
1959 \$1.04 0.69%
1960 \$1.05 1.72%
1961 \$1.06 1.01%
1962 \$1.07 1.00%
1963 \$1.09 1.32%
1964 \$1.10 1.31%
1965 \$1.12 1.61%
1966 \$1.15 2.86%
1967 \$1.19 3.09%
1968 \$1.24 4.19%
1969 \$1.31 5.46%
1970 \$1.38 5.72%
1971 \$1.44 4.38%
1972 \$1.49 3.21%
1973 \$1.58 6.22%
1974 \$1.75 11.04%
1975 \$1.91 9.13%
1976 \$2.02 5.76%
1977 \$2.16 6.50%
1978 \$2.32 7.59%
1979 \$2.58 11.35%
1980 \$2.93 13.50%
1981 \$3.23 10.32%
1982 \$3.43 6.16%
1983 \$3.54 3.21%
1984 \$3.70 4.32%
1985 \$3.83 3.56%
1986 \$3.90 1.86%
1987 \$4.04 3.65%
1988 \$4.21 4.14%
1989 \$4.41 4.82%
1990 \$4.65 5.40%
1991 \$4.85 4.21%
1992 \$4.99 3.01%
1993 \$5.14 2.99%
1994 \$5.27 2.56%
1995 \$5.42 2.83%
1996 \$5.58 2.95%
1997 \$5.71 2.29%
1998 \$5.80 1.56%
1999 \$5.93 2.21%
2000 \$6.13 3.36%
2001 \$6.30 2.85%
2002 \$6.40 1.58%
2003 \$6.55 2.28%
2004 \$6.72 2.66%
2005 \$6.95 3.39%
2006 \$7.17 3.23%
2007 \$7.38 2.85%
2008 \$7.66 3.84%
2009 \$7.63 -0.36%
2010 \$7.76 1.64%
2011 \$8.00 3.16%
2012 \$8.17 2.07%
2013 \$8.29 1.46%
2014 \$8.42 1.62%
2015 \$8.43 0.12%
2016 \$8.54 1.26%
2017 \$8.72 2.13%
2018 \$8.94 2.49%
2019 \$9.10 1.76%
2020 \$9.12 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1957 amounts in 1960 dollars, based on the -5.07% change in prices:

Conversion Table: Value of a dollar in 1960
Initial value Equivalent value
\$1 dollar in 1957 \$1.05 dollars in 1960
\$5 dollars in 1957 \$5.27 dollars in 1960
\$10 dollars in 1957 \$10.53 dollars in 1960
\$50 dollars in 1957 \$52.67 dollars in 1960
\$100 dollars in 1957 \$105.34 dollars in 1960
\$500 dollars in 1957 \$526.69 dollars in 1960
\$1,000 dollars in 1957 \$1,053.38 dollars in 1960
\$5,000 dollars in 1957 \$5,266.90 dollars in 1960
\$10,000 dollars in 1957 \$10,533.81 dollars in 1960
\$50,000 dollars in 1957 \$52,669.04 dollars in 1960
\$100,000 dollars in 1957 \$105,338.08 dollars in 1960
\$500,000 dollars in 1957 \$526,690.39 dollars in 1960
\$1,000,000 dollars in 1957 \$1,053,380.78 dollars in 1960

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1960 to 1957 (figures shown are purchasing power equivalents of \$1):

San Francisco, California experienced the highest rate of inflation during the 3 years between 1957 and 1960 (2.56%).

Detroit, Michigan experienced the lowest rate of inflation during the 3 years between 1957 and 1960 (0.72%).

Note that some locations showing 0% inflation may have not yet reported latest data.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1960 would be equivalent to £0.96 in 1957, an absolute change of £-0.04 and a cumulative change of -4.48%.

In Canada, CA\$1.00 in 1960 would be equivalent to CA\$0.95 in 1957, an absolute change of CA\$-0.05 and a cumulative change of -5.10%.

Compare these numbers to the US's overall absolute change of \$-0.05 and total percent change of -5.07%.

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1960 and 1957.

Compare these values to the overall average of 1.75% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1957 → 1960
Food and beverages 0.00 0.00 1.00
Housing 0.00 0.00 1.00
Apparel 0.89 2.70 1.03
Transportation 2.46 7.56 1.08
Medical care 4.20 13.13 1.13
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 0.00 0.00 1.00

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1960. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$1, 1957 to 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1957 and 1960:

CPI in 1957 CPI in 1960
×
1960 USD value
=
1957 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 28.1 in 1957:

28.129.6
×
\$1
=
\$0.95

\$1 in 1960 has the same "purchasing power" or "buying power" as \$0.95 in 1957.

To get the total inflation rate for the 3 years between 1957 and 1960, we use the following formula:

CPI in 1957 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

28.1 - 29.629.6
×
100
=
-5%

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

Data Source & Citation

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 → 1957 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 May. 2020, https://www.officialdata.org/us/inflation/1960?amount=1&endYear=1957.